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Development of AI-Enhanced B2B Data Analytics Platform for Financial Institutions
  1. case
  2. Development of AI-Enhanced B2B Data Analytics Platform for Financial Institutions

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Development of AI-Enhanced B2B Data Analytics Platform for Financial Institutions

dataforest.ai
Financial services

Challenges in Financial Data Analysis and Competitiveness

The client requires an interactive B2B web application with advanced analytics capabilities to process real-time financial data from multiple sources. Existing challenges include inefficient data interrogation processes, lack of predictive insights, and the need to maintain competitive advantage through AI-driven automation and 30+ system integrations.

About the Client

Financial services and consulting company with operations in South Africa, the UK, and the USA

Strategic Objectives for Analytics Platform Development

  • Enhance data accuracy and reporting capabilities with real-time updates
  • Implement AI-driven predictive analytics to outpace competitors
  • Integrate 30+ financial data sources for comprehensive analysis
  • Achieve 88% forecasting accuracy and reduce stockouts by 0.9%
  • Improve customer experience by 19% through enhanced data visualization

Core System Functionalities

  • Customizable dashboards with drag-and-drop visualization tools
  • Real-time financial data querying from open-source websites and institutions
  • AI-driven predictive modeling and trend analysis
  • Automated report generation (PDF/Excel) with graphical representations
  • Time-series data comparison and rebasing capabilities
  • Secure user authentication with role-based access control

Technology Stack Requirements

Pandas for data manipulation
PostgreSQL for database management
Django REST Framework (DRF) for API development
ReactJS for frontend components
AWS for cloud infrastructure

External System Integrations

  • 30+ financial institution APIs
  • Open-source financial data web scraping interfaces
  • Real-time market data feeds
  • Existing client CRM systems
  • Third-party authentication providers

Performance and Security Requirements

  • Support 10,000+ concurrent users with <2s response times
  • SOC 2 Type II compliance for data security
  • 99.9% system availability with failover mechanisms
  • Horizontal scaling on AWS cloud infrastructure
  • Data encryption at rest and in transit (TLS 1.3)

Expected Business Impact of Enhanced Analytics Platform

The solution will enable financial institutions to process and analyze data with market-leading accuracy, achieving 88% forecasting precision and 19% CX improvement. Real-time predictive insights will reduce operational costs by 20% while maintaining 98% model accuracy. The platform's scalability will support global expansion with seamless integration of new data sources and compliance with international financial regulations.

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