ING Vysya Bank plans to extend the scope of its SAP BI project beyond retail business. In an exclusive interview to SearchBusinessIntelligence.IN, Ravi Rathinam - Head – Centralized MIS at ING Vysya Bank informs that the wholesale banking operations will be brought under the scope of BI by 2013. This includes business operations such as cash management, trade and finance, wealth management, and investment operations.
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Current state of BI
Today the bank is making the most of SAP Business Objects for its business intelligence needs at the retail banking division. The top management, marketing, sales, operations, operation control management teams, and the IT team have been using InfoView to view / generate reports and for analytics. The implementation has helped the business users to generate accurate and insightful reports quickly. With the implementation of BI project, the bank has been able to auto-schedule approximately 2,200 reports and to generate several ad hoc reports.
A holistic approach
To begin with, ING Vysya will undertake a data modeling project. Rathinam says, “Different departments create different reports; consolidating them becomes a time consuming affair.” Stating that such issue can best be tackled with a holistic approach to BI, he says that data modeling will be the right project to start with.
Under data modeling, the bank will map out the data flow across applications used by trade and finance, Internet banking, phone banking, ATMs, and core banking. Data modeling is also expected to simplify the bank's statutory reporting needs, such as reports to be filed with Reserve Bank of India. The project is expected to begin this month.
Following data modeling, Rathinam informs, ING Vysya will implement operation data store (ODS) and set up data marts and implement a data warehouse solution next year. And finally, the extended BI project will also incorporate the deployment of an ETL tool. As of now, the bank is evaluating the ETL tools from SAP, SAS, and Oracle.
BI being a high impact technology, a user acceptance test will be conducted at various departments prior to further project implementation. Rathinam says, “We will start this with the teams involved in risk management, trade and finance, and the wholesale banking functions.”
Rathinam's team has kept a deadline of end of Q3-2013 to complete the BI project extension.