Smarter and faster decision-making with all data in one platform
Swedbank· SwedenDatabricks · Microsoft Azure · Immuta
Swedbank, the largest bank in Sweden and third-largest in the Nordic countries with more than 7 million customers, migrated its analytics capabilities and application services to a Databricks-driven platform on Microsoft Azure and implemented Immuta as its unified access control plane. Using a risk-based, twofold sourcing approach that kept on-premises scenarios running in parallel during migration, Swedbank centralized markets and share trading, customer analysis, and cybersecurity data on one internal platform, making AI and machine learning available in one click and enabling shorter development cycles and faster fraud/suspicious-behavior detection.
Overview
Swedbank, the largest bank in Sweden and third-largest in the Nordic countries with more than 7 million customers, migrated its analytics capabilities and application services to a Databricks-driven platform on Microsoft Azure and implemented Immuta as its unified access control plane. Using a risk-based, twofold sourcing approach that kept on-premises scenarios running in parallel during migration, Swedbank centralized markets and share trading, customer analysis, and cybersecurity data on one internal platform, making AI and machine learning available in one click and enabling shorter development cycles and faster fraud/suspicious-behavior detection.
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Inspect the highlighted sourceThe challenge
Compliance, legal requirements and security are the main challenges banks like Swedbank face in terms of handling data. The biggest challenge, in my opinion, is overall trust in the data collected and the results achieved through analysis of this data. Problems with data quality also remain at the forefront. And there are several other challenges, such as data silos and a lack of organizational maturity to be data driven.
The solution
Swedbank migrated existing capabilities and application services to Databricks' driven analytics platform within the Azure cloud and implemented Immuta as its unified access control plane. The migration strategy was designed with a twofold sourcing approach, meaning we could still have on-premise scenarios continuing in parallel with the data migration to the cloud platform.
Reported business value
Our advanced analytics platform driven by Databricks has made artificial intelligence and machine learning programming languages available in one click through the centralized hub. It has really helped us to increase our productivity. Implementation of machine learning ops using the platform has enabled shorter development cycles, which has resulted in shorter times-to-market. It also has the ability to detect and act on new patterns related to fraud, suspicious behavior, and so on.
Sources
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