Happy new year. I wanted to share an update on some activity at Augment over the past two months and to wish all of you well heading into 2024.
Client Activity
Related to our ongoing Consumer Lending and P&C work at a Top 30 bank, the client was pleased with the support our team provided and has extended several team members into 2024. The client remains on the lookout for resources with credit experience and may seek some additional support from a data analytics perspective in early 2024. I have also engaged with the head of Operations Analytics at the bank. There may be an opportunity to provide some staff augmentation on a critical fraud analytics project. They are trying to source their needs internally and then will know how many surge resources they need from the outside.
Our support for a large state government agency continues and I anticipate that we will receive a meaningful extension for our support to them in the next 30 days.
Our work with the mid-sized fintech is expanding! Over the past three months, we have onboarded a part-time compliance advisor, a part-time FP&A analyst, and most recently a part-time Operations Analytics Manager. I believe the quality of the people is starting to really shine through and I look forward to more opportunities as their needs arise!
Things have dragged with the top 50 bank that had indicated needs with process excellence including data analytics support. But I remain hopeful that, as we enter 2024, we’ll land a few interesting engagements across analytics, process, and compliance. I meet with their Chief Risk Officer one-on-one this Thursday and am personally participating in some policy-related activities related to process excellence and ORM.
In the Hopper
There are also several interesting opportunities in the hopper that we are quickly progressing. Over the past week, I have met with hiring managers at a Top 20 Bank that believes they will need a steady stream of business analyst support, a mature, mid-sized fintech that is ready to embark on developing an analytics-driven decision-making foundation across the enterprise, as well as a large media and entertainment company that heavily leverages contractor resources but is continually disappointed with the quality of the people.
Looking Ahead
I believe 2024 will be a big year for Augment especially as the economy slows and companies are forced to cut back on full-time employee resources. As that happens, Augment Analytics is well positioned to be the analytics partner that grows with them! If you are aware of companies who are in need of talented, short-term or fractional resources, please send them my way!
