Press Release: March 15, 2020
Bath Building Society choose Connexica for data management and reporting
Bath Building Society have selected Connexica’s CXAIR data management and analytics platform to help transform the way data is managed within the society and to accelerate their journey towards becoming a truly data-driven organisation.
The deployment of CXAIR within Bath Building Society will enable the society to underpin its current data management and reporting activities with a robust, secure, scalable technology layer that can be relied upon to deliver now and into the future as the information demands of the society evolve. Specifically, Bath Building Society wants to use CXAIR to:
● Support operational reporting and assurance activities
● Support regulatory reporting processes
● Support operational MI requirements
● Automate the production of regular reporting where appropriate
CXAIR will also enable Bath Building Society to deliver additional value from the data that it has under management by providing the analytic tools to generate actionable insights from these data assets. Decision making based on the evidence that CXAIR analyses provide will enable the society to respond more effectively to the changing needs of their customers and the market and to remain competitive in todays’ challenging business environment.
Bath Building Society traces its origins back to 1904 when it was set-up originally as a Friendly Society. It used Members’ investments to buy property to rent, becoming a Building Society in the 1950s, lending money for people in the City to buy their own homes.
Today the society provides a range of mortgage and savings products to over 10,000 members. It specialises in niche mortgages and is renowned for innovative products for first time buyers, students and older borrowers.
Tom Leach, Finance Director at Bath Building Society said, “We are delighted to have selected Connexica’s CXAIR data management and analytics platform. The platform will enable colleagues to access, analyse and report on the Society’s data in a way which will create insight to assist decision making, and help the Society to identify opportunities to enhance the products and services we provide to our Members. ”
Gary Luke, Managing Director at Connexica said, “This is a fantastic news! We are delighted to have won this contract and to be working with Bath Building Society. The society is a great match for the Connexica solution and philosophy, and we look forward to a long and successful partnership. ”
The Connexica CXAIR platform is now deployed in 10 building societies across England and Northern Ireland.
Connexica provide Challenger Banks, Building Societies and financial organisations with the ability to unlock their data and discover the insights required to improve services, innovate and stand out from the competition.
Connexica’s CXAIR for Finance data discovery and management solutions have been designed specifically for the end user helping users within your organisation to self-service their data requirements, reducing their reliance on IT departments to create reports and data extracts.
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