LatentView Analytics, one of the fastest growing data analytics firms globally, announced an agreement with Arvato Financial Solutions, a leading global financial services provider. The cooperation focuses on delivering services and solutions that help companies drive digital transformation of financial business processes.
The agreement will help financial organizations utilize advanced data analytics to gain insights in the market and derive a competitive advantage.
The agreement between LatentView Analytics and Arvato Financial Solutions provides international clients both with exceptional consulting services comprising LatentView’s leading techniques in advanced analytics environments with Arvato Financial Solutions’ in-depth experience in financial business processes, industry and domain expertise. With a focus on clearly defined use cases and a mutual alignment on strategic goals, the partnership guarantees the smooth integration with daily business, continuous change management and regular internal communications for the clients.
The digital transformation of business processes is a key challenge companies are currently facing. Especially in the context of finance processes, heterogeneous data and inconsistent activities as well as a big variety of vendors and systems sometimes lead to a difficult and complex starting situation. Corporations therefore need to identify the success factors for the digitalization of finance processes.
“We are excited to engage in a partnership with Arvato that will enable our clients to achieve new levels of understanding into their businesses and markets as financial services processes are increasingly digitized,” said Gopi Koteeswaran, Chief Executive Officer of LatentView Analytics. “Combining LatentView’s cutting edge capabilities in the field of advanced analytics with best-in-class financial services from Arvato will enable us to deliver new and impactful analytics services to companies. We are looking to deliver value to clients by harnessing the power of Artificial Intelligence and Machine Learning to transform their business processes, drive innovation and enhance customer experience.”
Under the partnership, LatentView and Arvato will collaborate to provide strategic consulting and market-leading analytic services to financial service organizations within industries such as e-commerce, insurance, banking and telecommunications.
Companies around the world will now be able to gain insights from internal and external, unstructured data sources via LatentView’s data-driven and innovative techniques in advanced analytics, and deeper business value from consulting services from Arvato Financial Solutions’ in-depth experience in financial business processes and domain expertise.
“The cooperative agreement and the joint market entry are particularly aimed at large, multi-year and international consulting projects. Our goal is nothing less than supporting the profitable, data-driven digital transformation of businesses by leveraging advanced financial analytics,” said Dr. Frank Schlein, President Risk Management International at Arvato Financial Solutions.
Joerg Brendemuehl, Vice President Consulting Services, added, “In this process, the teams will be addressing defined, business-critical challenges along the order-to-cash processes and deliver customer information from the user’s point of view. This way, the cooperation creates a large added value for our clients in optimizing their financial processes.”
About LatentView Analytics
LatentView Analytics is one of the fastest growing data analytics firms globally, delivering solutions that help companies drive digital transformation and use data to gain a competitive advantage. With analytics solutions that provide 360-degree view of the digital consumer, fuel machine learning capabilities and support artificial intelligence initiatives, LatentView Analytics enables leading global brands to predict new revenue streams, anticipate product trends and popularity, improve customer retention rates, optimize investment decisions and turn unstructured data into a valuable business asset.
LatentView Analytics is a trusted partner to enterprises worldwide, including more than two dozen Fortune 500 companies in the retail, CPG, financial, technology and healthcare sectors. LatentView Analytics has more than 500 employees in offices in Princeton, N.J., San Jose, Calif., London, Singapore and Chennai, India. For more information, please visit www.latentview.com or follow us on LinkedIn.
About Arvato Financial Solutions
Arvato Financial Solutions is a global financial services provider and part of Bertelsmann SE & Co. KGaA as a subsidiary of Arvato. The company has around 10,000 employees in 22 countries, including a strong presence in Europe, America and Asia, and offers flexible full-service solutions for the efficient, international management of customer relationships and cash flows. Arvato Financial Solutions is synonymous with professional outsourcing services (Finance BPO) centering on cash flow in all phases of the customer lifecycle – from risk management and invoicing to debtor management, the sale of receivables and debt collection. As part of this, the company focuses on minimizing default rates in the business initiation phase and during the collection process. As a result, their services also include optimizing the selection of payment types internationally.
