Running a bank is like driving a Car !!

Let me explain.. What technology can bring to table?

Yesterday I was seeing some of the dashboards for banks. Looking at them, I found that it can’t be a dashboard - all static one. Like a standing car - when somebody just insert key and unlock handle. You can see fuel meter dial gauge indicating the static position. Right now the dashboards existing in market place are just reporting system-  dumping data and populating some graphs or charts on certain specific indicators that might catch some banker’s attention.

What can be the next level? Imagine, if all real time data  (transactions, payments, new customers, Ratios, the list is endless…………..) is linked to some dynamic business intelligence tool that constantly monitoring all the parameters, it will feel like running a car, instead of running a bank. If you can see dynamic dashboards that contain all relevant key indicators such as risk, customers, payments, financials on real time basis, you will get to know what exactly needs to be done at certatin point of time to meet your banking organization goal.

Hoping more real time technology and business model will come in future where it will be easy to monitor and see dynamic dashboards in action.