iDENTIFY centralizes and normalizes banking data from legacy systems, enabling community banks to access and visualize their core transactional data efficiently. This streamlined approach reduces time spent on manual reporting and enhances decision-making capabilities, ultimately saving costs and reallocating resources for strategic initiatives.
Funding
Funding not disclosed
Founders
Product
Problem
Community banks often struggle with inefficient data management due to reliance on outdated core banking systems like Jack Henry, FIServ, and FIS. Extracting, normalizing, and visualizing data from these systems is time-consuming and requires manual reporting, hindering effective decision-making.
Solution
iDENTIFY offers a banking data platform that centralizes and unifies data from disparate core systems, enabling community banks to access and visualize their transactional data in a streamlined manner. The platform extracts data from core banking providers, normalizes it within a data warehouse, and presents it in business intelligence (BI) tools like Power BI or Tableau for easy reporting and analysis. By automating data processes and providing clean, accessible data, iDENTIFY helps banks save time and money, reallocate resources to strategic initiatives, and measure the performance of fintech partnerships.
Target Audience
iDENTIFY primarily serves community banks and credit unions seeking to modernize their data infrastructure and improve decision-making through better access to unified data.
Features
- Data warehousing to centralize banking data from multiple sources
- Data normalization to unify data formats from different core systems
- Integration with BI tools like Power BI and Tableau for data visualization
- Automated reporting dashboards for improved insights
- Support for measuring fintech program performance
- Transaction data cleaning and reformatting for vendor specifications
- Snowflake partnership, leveraging Snowflake's data cloud capabilities