BAI, a nonprofit independent organization that seeks to deliver actionable insights to the financial industry, announced its latest innovation in research, the BAI Executive Dashboards for financial services leaders. The dashboards provide a strategic monthly report using comparative analytics. The first release of this new tool is focused on measuring business and consumer banking key performance metrics derived from participant organizations’ account level data.
BAI developed the Executive Dashboard platform to solve a need in the industry for timely and relevant insights in a regularly updated, high-level overview of key performance metrics relative to peer organizations. Through detailed data visualization, senior financial services leaders can use the dashboards to compare monthly performance with key competitors to better understand growth and growth potential, as well as understand the organization’s performance relative to the national norm. Some of the key metrics include MMDA, CD, IRA, checking and deposit balance growth, as well as checking account, MMDA and CD interest rates.
“As a nonprofit organization, BAI is trusted with the largest database of account level data in financial services. Bank executives can analyze the information provided in the BAI dashboard to set goals based on relevant, timely research, statistics and insights,” said Karl Dahlgren, managing director of research for BAI. “The new BAI Executive Dashboard provides leaders with a comprehensive, easy to understand snapshot of the most important performance metrics in business and consumer banking.”
For more information visit https://info.bai.org/_Res-BAI-Executive-Dashboards.html.