Banking/Financial Services/CRA & HMDA Compliance

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Geographic Analysis Improves Management Capabilities

Spatial information is important in various aspects of the banking and financial institution business. They need to be able to find out income levels in certain areas so they can locate competitors, locate areas for new branch locations, measure employee travel distances, visualize market situations, etc.

It is also important for banks to be able to monitor and track lending and accounts. Census Tract analysis and mapping are essential  tools for managing programs for Community Reinvestment Act(CRA) and Home Mortgage Disclosure Act(HMDA) compliance.   During examinations, there is no better way to explain the bank's programs and demonstrate its compliance.  Reports and maps turn your loan, deposit and census data into a visual presentation which clearly presents the bank's activities.

MapInfo: A Management Tool

MapInfo software can be very helpful in solving the requirements and needs of banking and financial institutions. MapInfo is able to combine geographic information with the company’s proprietary data to create maps that directly aid the business. MapInfo can create maps which visually display income level, competitor business locations, new branch siting, travel distance, and other business aspects. It can also help generate customer profiles that relate to certain geographic regions. In addition, financial institutions can map the functions of and locate online business transactions, manage investment portfolios or analyze risk, real estate, branch performance, and marketing techniques for specific areas-all with MapInfo.

MapInfo can also aid you in generating maps and reports that analyze and display your lending activity, so that you can be prepared for your examinations.