Financial Services

With the current rebound in the economy and Wall Street scandals at least temporarily a thing of the past, the financial services market is once again focused on growth, though business priorities have changed. Financial services institutions, like investment brokers, banks, insurers, and mortgage lenders, are identifying and deploying embedded information delivery systems to better manage risk, improve customer retention, and enhance customer self-service.

Risk Management
Financial institutions are turning to enterprise reporting and analysis to proactively measure and control risk as a means to improve profitability. JReport allows financial institutions to consolidate data from across the organization into a single set of reports that provides an enterprise-wide view of risk exposure, such as credit risks. With JReport, risk managers are able to modify their enterprise reports in order to identify trends and effect changes that minimize overall risk. And, because JReport is intuitive in nature, all business users can quickly realize its value, not just power users.

Regulatory Requirements
Financial institutions are now under intense scrutiny to accurately report financial results, particularly in the public sector where Sarbanes-Oxley dictates stringent requirements for financial reporting and auditing. JReport's ability to access multiple data sources within a single report ensures company executives can receive a complete financial picture of their organization.

Customer Relations
The ability to access customer information on demand is imperative to reconcile customer issues, recognize possible occurrences of fraud, and to identify cross-selling opportunities among existing customers. JReport provides customer service departments with one-click access to complete customer information, enabling timely and accurate customer care. In addition, JReport provides organizations with the ability to track customer activity and easily identify profitable customers. This information can be analyzed to help uncover cross-selling opportunities that forego new customer acquisition costs.

Self-Serve Reporting
Financial institutions are also finding a competitive advantage in empowering customers with self-serve capabilities. JReport allows organizations to deploy web-based reporting solutions, so customers can, for example, monitor their own assets and make informed financial decisions. As a result, organizations are reducing the number of customer account inquiries, enabling customer service representatives to focus on higher priority matters.

Read below to see how JReport is being used by leading financial institutions worldwide:

	Visa Visa utilizes JReport's unique clustering and report bursting technology to generate reports with as many as 200 million rows of data, providing vital account and tax information to their commercial card holder accounts.
	Bank of America Bank of America leveraged JReport's 100% J2EE architecture to embed JReport into its Risk Management solution. Financial managers use JReport to track customer portfolios in real-time and provide customers with reliable, timely investment advice.
	Deutsche Bank Deutsche Bank selected JReport to empower international corporate investors with the ability to view and manage their asset accounts. JReport was chosen because it delivered the highest performance and best ROI of all the reporting solutions considered.

Click here to read more JReport success stories.

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