Cinchy Unveils FINsights Service to Help U.S. Banks, Credit Unions Enhance Competitive Advantages And Grow Deposits

TORONTO, March 20, 2024 (GLOBE NEWSWIRE) — Cinchy, the simplification company that pioneered data collaboration, announced FINsights, a benchmark reporting resource that allows banks and credit unions to enhance their competitive differentiation and growth based on peer-to-peer performance analysis that was never previously possible.

FINsights enables financial institutions – from the largest U.S. banks to credit unions – to benchmark against peers in various areas like growth performance, mergers & acquisitions, and historical data analysis. The service’s countless analytical permutations fill a long-time gap in a financial industry constantly hungry for actionable performance analysis.

FINsights provides opportunities to understand peer markets, comparative performance, and competitive advantages. Examples include:

  • Defined market understanding
  • Custom peer group benchmarking
  • Entire data history at a glance
  • Historical understanding of assets, loan portfolio, delinquencies
  • Customer and membership growth opportunities
  • M&A opportunities and due diligence analysis
  • Areas for improvement

The service acts as a resource based on substantial industry data correlated within Cinchy’s data collaboration platform. Cinchy simplifies organizations by eliminating data silos and complexity. It enables various teams, AI, SaaS applications, spreadsheets, and legacy systems to collaborate on disparate data sets, illuminating greater opportunities for financial institutions to enhance growth, customer service, and member experience.

For example, Cinchy’s data collaboration capabilities help credit unions uncover opportunities that enable Growth, Marketing, and Finance teams to partner closely on attracting new members, finding competitive rates, and increasing deposits.

“FINsights was developed to show credit union professionals the potential of the Cinchy platform,” Cinchy Field CTO Ty Robbins said. “We’ve combined credit union and bank quarterly reporting into an intuitive, interactive tool for understanding performance and finding potential merger partners. What started as a demonstration of the art of the possible has evolved into a powerful tool that financial institutions use every day to stand out among their peers and in the eyes of their customers and members.”

Cinchy is providing demos and overviews of FINsights at several banking and credit union industry events this spring, including:

  • Cornerstone Credit Union League, April 3-5
  • NACUSO Conference, April 15-18
  • Hawaiian Credit Union League, April 25-28
  • Corelation Partner Conference, May 28-30

For more information, visit cinchy.com

Resources

About Cinchy
Co-founded by Dan DeMers and Karanjot Jaswal, Cinchy is at the forefront of tackling data complexity and pioneering the data simplification revolution. Its powerful platform addresses the pervasive challenges of data complexity, offering an innovative solution that liberates organizations from legacy data silos and outdated integration methods. Cinchy enables enterprises to combat data complexity, fostering real-time collaboration and maximizing the value of data assets.


Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. TheTechOutlook.com takes no editorial responsibility for the same.




Readers like you help support The Tech Outlook. When you make a purchase using links on our site, we may earn an affiliate commission. We cannot guarantee the Product information shown is 100% accurate and we advise you to check the product listing on the original manufacturer website. Thetechoutlook is not responsible for price changes carried out by retailers. The discounted price or deal mentioned in this item was available at the time of writing and may be subject to time restrictions and/or limited unit availability. Amazon and the Amazon logo are trademarks of Amazon.com, Inc. or its affiliates Read More

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

function init() { var vidDefer = document.getElementsByTagName('iframe'); for (var i=0; i