Lakeville-based Salisbury Bank is one of five banks to recently sign on with technology company KlariVis, which offers enterprise dashboard and analytics services for the financial services industry.
Virginia-based KlariVis said in a statement yesterday that the company has experienced rapid growth as financial organizations “seek a simpler way to transform their data and empower executive and frontline decision-making.”
KlariVis is a cloud-based enterprise dashboard and analytics platform that is not associated with a particular core technology system. The platform gathers and aggregates data into a dashboard that provides financial institutions of all sizes with insights that KlariVis said can “empower teams, drives profitability and improves productivity at every level of the organization.”
“Data is important, but it must be digestible. That’s why we’ve partnered with KlariVis,” Todd Clinton, Salisbury Bank’s executive vice president and chief risk officer, said in the statement. “KlariVis is built for users to understand the data, which was key for us. Our goal is for data to be a routine part of everyday functions, but in a way for staff to understand it. As a result, we gain more visibility into our organization, see trends, identify potential problems and then make decisions based on that information. Not only is there significant value in KlariVis’ platform, but they demonstrate a true understanding of banking. We are confident in the caliber of individuals we are working with and look forward to our partnership.”
In addition to the $1.5 billion-asset Salisbury Bank, KlariVis also recently signed on Illinois-based Bank of Springfield, Pennsylvania-based First Citizens Community Bank, and Indiana-based First Harrison Bank and United Fidelity Bank.
“We continue to hear from community banks of all sizes, that data is more important today than ever before,” Kim Snyder, CEO of KlariVis, said in the statement. “Innovative banks like Bank of Springfield, FCCB, First Harrison, Salisbury Bank and United Fidelity realize that the current siloed banking platforms that they are dependent upon are unable to deliver the valuable insights needed to manage and grow their banks. Thus, they are seeking out solutions like KlariVis to solve these data challenges and to support their strategic priorities. We are honored to have been selected by these institutions and look forward to serving as their data partner.”
