FinTech Magazine February 2019 | Page 123

VISIT OUR WEBSITE

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 , rationalis ing 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 .

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 . www . everis . com

VISIT OUR WEBSITE