Vantiv, now known as Worldpay has released a data insights and analytics tool for financial institutions (FIs), dubbed DataEdge.

Powered by Worldpay’s Vivid Data Engine, the new solution will provide the banking professionals an easy access to credit and debit card portfolios through a single dashboard.

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By using this solution, the Worldpay’s FI clients will have an access to their complete credit and debit card issuing portfolio offering actionable intelligence in a web-based tool.

Worldpay vice-president for data and insights products Brent Badger said: “Clients using DataEdge for FIs can easily see and manage their card portfolio and optimise growth strategies.

“With an intuitive dashboard view and an easy export function, board-ready reports can be compiled efficiently, reducing a day’s work to just a matter of minutes.”

DataEdge is accessible through Worldpay’s iQ portal where the FI clients will have access to two years of portfolio performance trends and intelligent benchmarking. It will also help the clients to assess their performance compared to the other users.

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Furthermore, DataEdge for FIs provides access to underlying details about key performance indicators enabling deeper analysis, extended research and customised reporting.

Worldpay vice-president for data and fraud products Nicole Jass said: “Vivid will continue to deliver innovative solutions that enable partners and clients to use data as a strategic advantage to act on trends as they emerge.”