USA Finance & Banking web Predictive analytics
After 6 months of intense collaboration with the client, Linkup Studio has crafted an MVP of the Delfi platform. This unique tool fills a gap in the market, supplying small to mid-tier US banks with features that were earlier only accessible to industry giants. Thanks to Delfi, these institutions can now analyze their current situation and receive top-quality, data-driven future predictions and evaluations.
Currently, over 20 banks are giving Delfi a test run and incorporating it into their processes. They've noted some significant benefits from the platform, supported by the Linkup Studio team. For many, Delfi is proving invaluable, creating thousands of realistic market scenarios and assessing the vulnerability of banks' balance sheets in less than 10 seconds instead of days. It also drastically reduces the volatility of key performance metrics by up to 99%. Overall, by tailoring their financial strategy with Delfi, organizations are moving toward an additional 1% in net interest margin and reaching their desired risk-reward frontier.
Discover how Linkup Studio designed a unique platform that's shaking up the banking industry in the US
ClIENT & BUSINESS CHALLENGE
Our clients are highly experienced economists and data scientists with prestigious backgrounds in institutions such as the US Department of State, the US Treasury, and the White House. They identified a significant gap in the banking industry.
As of March 2023, the US is home to 4,512 community banks, accounting for 97% of all banks in the country. While major players have access to automated tools for their predictive and analytical tasks, small to mid-tier banks often need help. They typically maintain small departments dedicated to gathering data and producing extensive statistics in large PDF files. This format is not only rigid and challenging to navigate but also hinders forecasting due to its inherent limitations. Moreover, it doesn't allow real-time statistics where changes are immediately visible upon updating current balance sheets. These hurdles complicate the decision-making process, making it difficult to act intelligently based on available information.
Recognizing this, they turned to Linkup Studio. They sought a professional team capable of bringing design and development expertise to the table and launching an MVP. This product had to feature a set of fundamental tools to help banks become more effective and cost-efficient, eliminating the need for maintaining unproductive processes.
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To address the particular issues faced by small and mid-tier banks and craft a practical, user-friendly solution, we at Linkup Studio took on a range of complex tasks:
Define User Feedback
& Client Requirements
In response to the client's needs and goals, Linkup Studio designed the user experience and partially developed the Delfi system within the projected timeline.
This system empowers banks to upload detailed balance sheets with information about available loans, deposits, etc. The system quickly processes this information, transforming it into an easily digestible, visualized dashboard complete with summaries, graphics, and diagrams.
With the data gathered, banks can create future projections based on foreseen market changes and their planned interest rate policies. This process allows them to forecast their balance sheet status after a specified period. This is where Artificial Intelligence comes into the picture. The sophisticated algorithms examine the current status, evaluate the proposed projections, and deliver enhanced forecasts. These forecasts are based on the client's economic knowledge as well as an analysis of other bank cases. The AI also generates descriptions of the new projections, providing explanations and suggesting steps banks can take to improve their balance. Currently, the clients are evolving the platform further to meet an expanding set of banking needs and challenges.