Financial Services
Digital transformation for financial services is vital amid the surge of competition. Fintech players and data-rich tech firms are forcing financial service leaders to embrace disruptive innovation at speed, demonstrating a “north star” of technology-enabled client success. To stay relevant, new customers must be won and retained through exceptional, hyper-personalized experiences powered by digitization focused on unlocking data across the organization.
Actionable insights on performance, growth, and optimization have become more efficient and cost-effective – putting more accurate, timely information in the hands of decision-makers. Today’s market conditions and regulatory pressures require a different, practical approach to addressing management’s need to know more.
To meet evolving needs in a data-first, cloud-driven world, financial leaders must undergo business process transformation and focus on shifting the enterprise with data-centric infrastructure and strategic direction.
Business Insider Intelligence reports tech giants are set to grab up to 40% of the $1.35 trillion in US financial services revenue from incumbent banks.
Success Stories
Finance
Data Management
Cloud Modernization for Comprehensive Financial Services Provider
Business Need
Assessment, strategic roadmap, and migration/modernization of on-premise integration platform (PowerCenter) to cloud (IDMC) Lower maintenance costs: cloud enablement vs on-premise…
Challenge
Multiple legacy data platforms – data inconsistencies, poor quality, and highly manual intervention Out-of-support legacy platforms Critical workloads require cloud…
Solution & Results
Modernized legacy PowerCenter to IDMC, enabling real-time data integration into a single, cloud-based platform Automatically converted thousands of complex mappings…
Finance
Data Management
Contact Master for Major Financial Institution
Business Need
Golden master contact record across business units Overall maintainability Cost-effectiveness Ability to easily apply business rules Re-use of current connectors…
Challenge
~40+ source systems housing 10M+ contact records Challenging to match contacts across multiple sources Other locally-built data systems; would like…
Solution & Results
Delivered Informatica Customer 360 across all 40+ systems Installed and deployed Informatica MDM in lab and pre-prod environments Potential $7.8M…
Finance
Data Engineering
Data Lake Modernization & Automation for Credit Union
Business Need
Modernized and consolidated data lake to support existing Power BI dashboards Replace current raw data transformation processes Data structured to…
Challenge
Minimal automation, requiring report manipulation Low confidence in process/data Inability to capture true current cost Process perceived as slow and…
Solution & Results
Modernized and automated data lake, improving performance and reducing cost Improved member/customer view and historical look-back, driving data-driven decision-making across…
Finance
Data Management
Cloud Data Governance Implementation for Largest Auto Lender in the US
Business Need
Address CCPA and other regulatory and business requirements; reduce audit exposure Enterprise data dictionary of critical data elements across core…
Challenge
Several disparate legacy data dictionaries Inconsistent and incomplete source data Changing priorities from IT and Business stakeholders Lack of business…
Solution & Results
Installed, configured, tested, and delivered into production Informatica CDG Rationalized 50,000+ data definitions; promoted business understanding of the source, provenance,…
Finance
Advanced Analytics
Modern Data Platform for Niche Retail Banking Company
Business Need
Self-service data platform that provides data, when needed, as well as ad-hoc analytics into the data Empower the business, giving…
Challenge
Lack of timely data insights for decision making Unable to drill into existing reports for insights Limited resources on BI…
Solution & Results
Implemented an end-to-end modernized data platform, allowing: Data ingestion: Optimized ETL engine to data lake Data lake: Data warehouse as…