Transforming businesses to lead in the digital data economy New data solution gives faster answers.
everis is a multinational strategy and technology consultancy - part of the NTT DATA network. We transform companies through technology and business consulting; by creating efficiencies with emerging technologies, rationalising infrastructures and optimising processes. We work in a multitude of sectors, amongst them are the banking and financial sectors, of which we present a recent solution.
Scenario
Some companies operate in highly regulated environments. For example, banking companies need to report on their deposit funds to the FSCS (Financial Services Compensation Scheme) to ensure their customers are covered in case of bankruptcy.
Challenge
everis was faced with a complex task: to create a unified and aggregated view of customers and products across multiple OpCos & large product portfolio scenarios. Many banking institutions do not have access to a golden customer or product record, and therefore joining disparate data sets is laborious and slow. In addition to this challenge is the regulator’s demanding SLA and required level of guaranteed accuracy for this unified view.
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Solution
In answer to the challenge, everis developed a new advanced Data Platform that provides a toolset and methodology to develop and deploy new data use cases. This toolset utilises the latest data & analytics technologies, which provide rapid and powerful results. We underpinned deployment automation with an integrated platform support service, ensuring reliable and faster delivery and operation of the new data asset. This new platform has been the backbone of multiple successful data transformation and regulatory reporting projects providing efficiency and scalability.
Benefits
• Generation of an integrated view of customers across multiple business entities and platforms. • Improvement on the regulator’s SLA:80% reduction (from 3 days to less than 8 hours) of the total elapsed time in report processing involving 40 millions of clients, 200 millions of contracts and 1 billion records on the SLA. • Technological methodology and assets which foster increased productivity, consistency & extensibility. • Industrialised services definition, to accelerate the migration of new use cases to the platform.
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