Now more than ever, financial institutions need to be savvy about doing business. Organizations in this market have been touched by the recent financial crisis and are feeling the effects from credit unions downsizing to stay in positive net worth, to real estate investment trusts (REITs) trying to pay down short term debts.

Organizations are using GIS to navigate in today’s turbulent economic climate, helping them gain insight for making sound decisions.   Read how SNL Financial, the premiere multisector-focused information and research firm in the financial services marketplace uses GIS. The technology helps many see information more clearly:  investment bankers better understand economic issues in business development;  project developers and infrastructure investors make more sound decisions; and fixed income, equity and sell-side analysts are able to meet their bottom line.  The versatility of GIS means it can be licensed or used as needed as a subscription service like that at SNL Financial to minimize overhead and training.

Many banks and credit unions like Security Service Federal Credit Union are also turning to GIS.  Security Service is using GIS to help them understand their marketplace like never before. GIS is keeping them ahead of the pack when it comes to customer service and business efficiency. This is a smart choice in today’s volatile market environment according to ESRI Financial Industry Marketing Manager Shelli Stockton; “Despite the recent turmoil in the financial marketplace, investment in GIS by financial institutions continues to grow as organizations seek to make the most informed decisions possible as they move forward.” Learn more about GIS for financial institutions.

 

Farm Credit Services of America, an agricultural lending organization, uses GIS  to find more accurate and efficent means of analyzing data and valuing farmland for agricultural loans. Using the system they have seen a 25% increase in Appraisal Team productivity without adding staff and appraisals are completed quicker.