Advanced Analytics Software for Performance Analysis and Visualization of Financial Institutions

In this paper we consider the application of proposed analytics software for performance analysis and visualization of complex financial systems. We give theoretical background of underlying mathematical method and present its application in information and communication technologies. Two nonparametric approaches data envelopment analysis (DEA) and free disposal hull (FDH) are used in this paper to develop a software system for convex and nonconvex frontier visualization and performance analysis of financial systems. Our theoretical results are validated by computational experiments on the data taken from financial accounts of Russian banks. Potential applications of proposed approach in situation room for decision support and strategic performance management are considered.