Multi-National Bank

Industry: Banking, Financial Services & Insurance

Multi-National Bank

Posted by Encora on Feb 4, 2022 10:31:44 AM
The Data Hub solution automated resource-intensive and complex tasks. This automation enabled the client to focus on exploring and analyzing their data for improved commercial strategy.

Topics: Data Analytics & BI, Data Architecture, Innovation Ideation, DevSecOps, Banking, Financial Services & Insurance, CI/CD

Industry Context

Data is a valuable resource and banks have arguably more data with greater value than any other industry. This is because banks process more significant transactions for clients than other industries, offering them unmatched insight into consumer needs.

Uses for data include: Detecting fraud, finding new customers, making lending decisions, offering new products to current customers, and learning more about how consumers interact with the bank to improve services.

Many banks, however, aren’t doing enough to take full advantage of their data. This is often due to the use of outdated technologies that make data difficult to access and process.

606

Client Challenge

The client, a multinational bank, had a large volume of data from various departments that they sought to process in a more agile and efficient way. The goal was to use the data in strategic, commercial decision-making.

The client contacted Encora to create a structured data repository that would enable them to centralize data sources and reduce operational tasks, freeing up the Data & Analytics team’s time to focus on data analysis and support the commercial department with their findings.

Client Challenge

Approach

Encora architected and built a Data Hub solution to handle the client's large daily volumes of data, translating each into key business metrics across product, customer, and business objectives.

  • Innovation Ideation and Product Planning services developed a framework and included technical and organizational perspectives for new data sources to be integrated in a standardized and flexible way
  • Data Architecture services were used to offer additional data processing and expand storage capacity. The second phase of the project incorporated technical design and tools that offer the benefit of potentially shifting to an on-premises cluster or to the Cloud, enabling a complete implementation of Big Data
  • Continuous Integration/Continous Deployment (CI/CD) capabilities were deployed using Jenkins
Approach

Results

The Data Hub solution automated resource-intensive and complex tasks. This automation enabled the client to focus on exploring and analyzing their data for improved commercial strategy. With the Data Hub solution, the client can identify groups of potential customers and analyze variables such as customer adoption, retention, and sales. The client’s commercial department has full and constant visibility of daily, relevant metrics for rapid decision-making.

Results
Digital Banking Client 40

Time creating business-insight variables

40% Faster.

Digital Banking Client 50

Time processing monthly data

50% Faster.

Client Success Stories

Water Utility Company

Addressing the water company’s critical challenges with application modernization, transforming the ...

Learn More

Insurance & Asset Management Solutions Provider

Developing a modern Agent & Broker Sales Platform with encriched functionality

Learn More

UK Manufacturer of Intelligent Cash Handling Devices

Enhancing operational efficiency through the launch of enhanced middleware, a cloud-native device ...

Learn More

Credit Union Insurance Provider

Revamping underwriting for efficiency, discipline, and cost savings with automation

Learn More

Intelligent Systems Provider

Unleashing the potential of 5G edge computing for deploying a carrier-grade Cloud-Native Platform

Learn More

Administrator in the 340B Drug Pricing Program

Revolutionizing 340B Program Efficiency with advanced Healthcare technology solutions

Learn More

Bakery Franchise

Using seamless data integration and analytics to equip bakeries with a competitive edge

Learn More
More Success Stories

Innovation Acceleration
Headquarters - Scottsdale, AZ 85260
© Encora Digital LLC
letstalk@encora.com

letstalk@encora.com Terms of Use Privacy Policy Cookie Disclosure Policy Disclaimer Sitemap