Maptitude: A GIS Software Solution for Banking
Maptitude is the ideal mapping software for use within the banking industry. GIS is a critical tool in today's banking environment, where there is increased competition both from existing and new banks, as well as from new companies such as Internet and phone banks, and from retail-based incursions into traditional financial markets.
Maptitude provides those in the banking and financial industry with the geographical tools to obtain the answers to compete effectively, and to ensure compliance and customer service levels.
Maptitude provides powerful spatial tools for:
- Regulatory compliance
- Bank and ATM/ABM/cash machine site analysis
- Bank network competitiveness/optimization
- Customer management, identification, and targeting
- Direct mail
- Web-based solutions
Using Maptitude you can visually simplify the weighing of the pros and cons of different sites for branches and ATMs/ABMs/cash machines. You can pinpoint where your customers, facilities, and competitors are with powerful address locating and database management and query tools (See Figure 1). You can then examine the demographic characteristics of your customers with the included Census data. Provided with this knowledge you can identify underserved areas, analyze your competitor's market, and create an acceptable branch and cash machine network.
Customize Your Message to a Targeted Audience
Use your own data or the Census demographic data to identify the market areas, communities, or Postal/ZIP Codes that have particular characteristics so you can target your marketing efforts.
For example, you can identify Postal/ZIP Codes with high mortgage costs to target an advertising campaign about your refinancing mortgage programs (See Figure 2), or find the customers who are within several miles of a new branch or ATM/ABM/cash machine location for a specialized mailing to inform them about their new banking options (See Figure 3).
USA Regulatory Compliance
GIS is critical in enabling banks to comply with government requirements such as the Home Mortgage Disclosure Act (HMDA). You can use your own lending data with Maptitude to create Community Reinvestment Act (CRA) maps that verify HMDA compliance and non-discriminatory lending practices.
Maptitude includes the Federal Financial Institutions Examination Council (FFIEC) Census Tract demographics to support the consumer compliance examination process. The FFIEC Census data are required for compliance under HMDA, CRA, and fair lending.
In addition to the extensive Census data supplied with Maptitude (including the latest Census Tracts), there are several additional datasets available from Caliper. These include:
- Community Reinvestment Act compliance results
- Home Mortgage Disclosure Act data
- Loan Application Register (LAR) Raw data
In addition, Caliper offers HMDA datasets that contain records for all the loan applications processed by every financial institution required to file by HMDA. These data are available for every year from 1990 thus allowing time series analysis, and are also available as a geographic layer aggregated by Census Tract (See Figure 4).
"My bank just purchased the Maptitude software for our assessment area mapping project, and I just love it. You import all your data into the software from an excel spreadsheet."
-Compliance Officer, The Bank of Commerce, White Castle LA
More examples of the application of GIS in banking & retail banking can be found on the Maptitude Articles page.
“Mapping CRA and HMDA Data: Maptitude is wonderful. It is what I use.”