In a downturn market, optimization and branch network planning are critical elements to ensure your business continues to thrive. Taishin was able to take advantage of hard to get market data and put it to good use.
Ever since its establishment, Taishin has constantly expanded
its business scope and its operating network, actively taking the
role of an intermediary in the supply and demand of funds for
society and providing the financial services needed to bring
about economic prosperity.
The Bank's main items of business include deposits, loans, bills
discounting, remittances, guarantees, short-term bills
brokerage, proprietary trading, import/export
negotiation, foreign-currency deposits, trust, agency,
custodianship, credit cards, cash cards, trading in
derivative products, factoring, and offshore banking.
Taishin had difficulties objectively reviewing the
performance of their various bank branches. Since
they only had access to their internal
business/performance data, they were unable to
determine the driving factors behind why certain branches
outperformed others. It became increasingly difficult for Taishin
to open new locations without concrete knowledge behind the
reasons that made a branch successful.
Although Taishin knew which branches were the top performers,
not knowing the reasons why those branches were more successful was a problem that needed solving. Location was the
one grey zone that hid many of the
variables from the bank.
To add to the challenge, Taishin did not
employ a team of siting specialists, so
standards and best practices with
regards to finding site locations was
something of a new challenge for Taishin.
Summary: Taishin International Bank needed to quickly
and effectively increase their market share by
optimizing bank policy and branch networks.
Taishin needed to develop a way to standardize their siting
practices in an easy way that could be adopted by the bank.
getchee prepared custom datasets that Taishin needed including
a base map for Taipei, pertinent points of interest, small-to-medium market potential data, and heat maps for business,
lifestyle, accessibility, residential and wealth indication.
These custom datasets were made accessible through getchee
Enterprise, getchee’s flagship product to view, analyze and
compare data in real-time, through a Web browser.
What did Taishin International Bank receive?
Summary: An advanced web tool allowing Taishin to
analyze potential market sizes and site
locations by reviewing customized datasets.
Taishin used the data provided in getchee Enterprise to review the
performance of its current branches. They were able to adopt the
data and new process through using the Web application to
understand how to find better branch locations in Taipei. Through
the use of the tool, Taishin found a way to gain an edge and
better understand how to create a siting process.
“I believe getchee, as a pioneer of on-demand location
intelligence in Asian developing markets, will no doubt
rise to be the best provider for retailers here. Their
professional staff always goes a step further for us.
They are not just partners. They are friends.”- Polly Tseng, Branch Management Division, Assistant Manager
Taishin found huge value in being able to generate real-time
reports for further analysis and consideration. They found the
data and system very useful as an objective source of information
to determine optimum locations for Taishin branches.
A major convenience store chain works with getchee to increase its market share in China.
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