Mid-Market Banking and Data Analytics

Banking Embracing Analytics


Challenges

Functional Current State - Key Points

  • Speed of data delivery does not meet needs.
  • No formal process to govern data and its usage.
  • Compliance risk using data of unknown lineage.
  • Certified data is difficult to find.
  • 30% of line of business time is spent on looking for relevant data.
  • Reliance on point-to-point solutions are high in cost.
  • No enterprise approach to reporting.
  • Low confidence in accuracy and quality of data.
  • Lack of clear path from data source to data consumer complicates designing for new projects.

Bottom Line

This Middle-Market Bank engaged WorldLink in order to Increase Top Line and Productivity while lowering Risk. WorldLink delivered a Technology-Enabled, Data-as-a-Service solution, governed by Enterprise with defined ownership, increased efficiency, flexibility to scale and reduced time-to-market of data availability.

Solution

Technical
  • Centralized, secure and validated repository of business data.
  • Supports evolving data governance
  • Technical & Business metadata catalog and tool.
  • Rationalized and simplified data flows.
  • Flexible, secure and scalable hosting environment.
  • Appropriate level of sanitization, encryption, and anonymization of data.
Business
  • Business users have faster and easier access to data
  • Reduced compliance risk
  • Client Master enables single view of client across the enterprise
  • Automated external client reports on-demand replacing manually generated reports
  • Ability to capture all data types (structured, unstructured, semi-structured)
  • Device independent availability of standard and adhoc interactive reports and analytics.
Solutions
  • Employ a Center of Expertise framework to drive development and operational best practices of data
  • Reconfigure data architecture to make it robust, scalable, and to improve the efficiency of data ingestion, movement, access and consumption
  • Include a role based Change Management methodology to accelerate business and IT adoption of new tools and methods
  • Engage the business throughout and regularly deliver value by engaging with business leaders to identify information processes that can be automated and to rationalize, consolidate and create new reporting solutions

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