This partnership will enable B1 Bank to effectively communicate information to their frontline employees while simultaneously improving their decision-making.
B1Bank, a community bank based in Louisiana, USA, has selected fintech start-up KlariVis as its data analytics partner. Through the partnership, the banking subsidiary of publicly-listed Business First Bancshares will utilize the vendor’s core agnostic enterprise dashboard and analytics platform.
KlariVis says its platform, built specifically for community banks and credit unions, works to compile and aggregate data into “intuitive, interactive dashboards and pre-built reports”. B1Bank is poised to leverage this capability to improve its internal decision-making and enhance its provision of personal and commercial banking services to communities across Louisiana and Texas.
Gregory Robertson, EVP, chief financial officer of b1Bank, said, “The partnership has enhanced clarity in our data and the speed in which we meaningfully communicate information to our frontline employees while simultaneously improving management’s ability to deliver thoughtful, disciplined decision-making.”
Amid an “ever-changing financial environment”, Robertson cites the bank’s need for a partner that would enable it to “better serve clients and drive shareholder returns”.
Founded in 2018 and based in Roanoke, Virginia, KlariVis acts as a data management tool that harvests data from banking cores and various ancillary systems. Applicable to executive, sales, credit, finance and board functions, KlariVis says its platform enables banks’ teams and customers to “live and work better”. The vendor most recently raised $11 million in a Series B funding round this month, led by Blueprint Equity.
