O2I Created a Data Storage and Processing Infrastructure for a Banking Group

The Client & Their Requirements

The client is a leading Indian banking group and one of the largest banking groups in the world. They were looking for a unified and centralized data storage and processing infrastructure which could easily manage the humongous amounts of data coming from different sources. This infrastructure would serve to be the one-point and up-to-date source for all the existing and upcoming Analytics and Business Intelligence requirements.

The Challenges

There were quite a few challenges faced by our expert Data Scientists while implementing the project for the banking client. Some of them are listed here -

• The amount of incoming data was huge and had to be streamlined in the most efficient manner to get the best results
• We had to ensure that the bank would meet all privacy, compliance, and regulatory compliance requirements while handling the data
• We had to ensure that the bank customers were highly satisfied and were provided the best experience while handling their data

Our Solution

The banking group invited our team to do a detailed analysis of its data organization and prepare a prescriptive roadmap to leverage Big Data over the next three years. After carefully analyzing the requirements of the client and the various regulatory requirements, our expert team of data scientists devised the following solution for the client -

• We developed a centralized and unified data processing and storage infrastructure which would serve as single point of contact for all the data sources
• The system would be a single source for all existing and upcoming business intelligence and analytics requirements
• We prepared RFP/Tender documents for Big Data implementation in defining bank-specific metrics for big data effectiveness

The Result

Our solution would help the banking group to effectively evaluate the RFP responses and identify the right big data implementation partners where necessary. Once fully implemented, the banking group will have one of the largest, powerful, and cost-effective Big Data Lakes in the global banking world.

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Outsource2india has been a leading provider of big data lakes solutions and consulting services a plethora of other data science services in India and to clients around the world. Our data science experts are trained to work on multiple domains and hence can understand the exact requirements of the client and provide the services accordingly. Our team comprises of some of the most talented data science experts who are capable of handling any of your requirements.

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