'Power BI and Fintech: A Match Made In Heaven To Optimise Banking Operations' powerbi fintech
The financial sector is no exception. The fintech industry is growing fast, but it is also coping with unique hurdles. It is a nascent sector, and therefore the companies in this sector are facing new challenges even as they experience steady growth.The major problems experienced by the Fintech sector players are:
The fintech companies also have to combat steep competition from mainstream financial service providers and leading banks. They also compete with gigantic insurance companies. The monetary resources of these established players are bigger than that of most FinTech companies. Like the companies hailing from many other sectors, Fintech sector entities can utilise Power BI to analyse data and fathom changing customer needs better. They can use the tool to figure out the availability of potential customers in a specific region, for example. They can also analyse data pertaining to digital financial services used by customers in a region to assess the prospect of fintech services adoption.
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