Building Confidence in Ecuador’s Banking System Through the Power of Open Data
公司规模
Large Corporate
地区
- America
国家
- Ecuador
产品
- DataLab
- Qlik Sense
技术栈
- Data Mining
- Data Analysis
- Data Visualization
实施规模
- Enterprise-wide Deployment
影响指标
- Brand Awareness
- Customer Satisfaction
技术
- 分析与建模 - 数据挖掘
适用行业
- 金融与保险
适用功能
- 商业运营
服务
- 数据科学服务
关于客户
Asobanca is a nonprofit institution that represents 15 of the 24 biggest private banks in Ecuador. The organization's mission is to empower people by making the financial data of Ecuador’s banking system available to all. Asobanca's work is driven by three main objectives: to help people trust the financial system again, to make information public and transparent, and to mitigate market risks in Ecuador. The organization faced a significant challenge in rebuilding people's trust in the banking system following the financial crisis of 1999. This crisis resulted in many banks declaring bankruptcy and 64% of the population living below the poverty line, leading to a lingering lack of confidence in the financial sector. Asobanca sought to address this challenge by creating a financial intelligence information system that could facilitate data analysis, help the formulation of financial strategies, and promote bank competitiveness.
挑战
Asobanca, a nonprofit institution representing 15 of the 24 biggest private banks in Ecuador, faced a significant challenge in rebuilding people's trust in the banking system following the financial crisis of 1999. The crisis, which was a combination of bad politics, bad banking, and bad luck, resulted in many banks declaring bankruptcy and 64% of the population living below the poverty line. This has led to a lingering lack of confidence in the financial sector. Additionally, the way information on the financial system is collected and distributed in the country posed a significant obstacle. Many different institutions disperse the data, each using their own methodologies of data collecting and processing, making the data often incompatible and difficult to analyze. Furthermore, data access services offered by some companies are expensive and not user-friendly, discouraging many potential users.
解决方案
To address these challenges, Asobanca sought to create a financial intelligence information system that could facilitate data analysis, help the formulation of financial strategies, and promote bank competitiveness. This led to the creation of DataLab, a data platform that collects data from 24 banks, 74 financial institutions, and Latin American financial information. With the help of their partner, Prediqt, and a tool called Qlik Sense, they were able to process all this information and calculate monthly financial indicators such as liquidity, return on assets, return on equity, and delinquency rates. Qlik Sense enabled them to analyze data quickly and present it in an attractive way. The platform also allows users to download all the data in Excel format, making information management easier. Asobanca also trained more than 10,000 users on how to process this data and create their own layouts.
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