ATLANTA – Financial consultants LEVEL5 has introduced a new diagnostic tool for financial institutions that compiles and analyzes market data, including trend analysis and forecasting, to help financial institutions make strategic decisions about geographic expansion and which business lines will be most advantageous in new markets.
The Financial Institution Tool analyzes hundreds of data points gathered from dozens of national sources that are updated semi-annually. The strength of FIT is the analysis that goes into interpreting this data. Unlike other products that provide masses of data with no analysis, FIT focuses on deriving recommendations that will help managers make optimal strategic decisions. One of the aspects of this is the trend analysis. By examining trends as well as static data, FIT creates a predictive assessment of market opportunities, giving managers a "heads up" perspective of the market.
It will provide: market comparison at the Metropolitan Statistical Area level to identify areas where business opportunities are rising, peaked, or declining; identification of key sectors of opportunity within each MSA; risk mitigation to help maintain a focus on strong opportunities and divest in weakening sectors; and support for regulatory exams.
