Saggezza Teams with 121 Financial in a bid to Provide Advanced Analytics Solutions

By CIOReview | Friday, March 4, 2016
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CHICAGO, IL: Saggezza, Inc., a leading provider of sophisticated analytic solutions to the financial services industry, recently announced plans to employ TruVantage, at 121 Financial Credit Union. TruVantage has potential advanced analytics that allows financial firms to gain valuable insights on new products, improved services, and device efficient marketing and operation standards. The pioneering advanced analytics developed by scientists from Saggezza, aid financial institutions in making informed business decisions and garner competitive advantages.

“In order to continue providing first-class services and products and to keep pace with our members’ evolving needs, we recognized the importance to enhance the way we interact and communicate with our members,” says Paul Blackstone, Chief Strategy Officer at 121 Financial. “We chose Saggezza’s TruVantage for its powerful analytics tool that will enable our institution to transform our operating model, continuously improve member experiences and resources, and ultimately grow our business.”

Now, with TruVantage, 121 Financial can reap the advantages of—increased retention and revenue, maximized customer lifetime value, tracking actions most profitable customers, identifying new revenue streams, quick product deployment in as little as 120 days.

“Over the years the financial institution market has faced a number of challenges, whether it is increased competition, significantly increased regulatory scrutiny and compliance costs, or margin compression. It is safe to assume that everyone needs or wants new sources of revenue and income,” says Steven Simpson SVP-Financial Institution Solutions at Saggezza. “121 Financial recognizes these challenges and took action by adopting the advanced analytics imperative. We look forward to working with 121 Financial and seeing their institution gain significant benefit from using TruVantage.”

Saggezza is a global solutions provider with deep links and insights into the technologies shaping the next generation of business. Our proprietary, highly configurable analytics products inspire and enable financial institutions to unlock the power of their data. The result: An increased understanding of your customers and members that empowers informed decisions and greater revenue generation.