Databricks Expands New Brickbuilder Options for Monetary Companies


    At present, we’re excited to announce that Databricks has collaborated with Capgemini and Datasentics to develop Brickbuilder Options for monetary providers. Capgemini’s Legacy Playing cards and Core Banking Portfolios migration resolution is constructed particularly for retail banks and bank card firms, whereas Datasentics, an Atos firm, has additionally created the Persona 360 resolution for retail banks in addition to insurance coverage firms. These new options, in addition to the prevailing Avanade Danger Administration Brickbuilder resolution, make it simpler for monetary establishments emigrate into trendy tech stacks and acquire dependable insights about clients to enhance enterprise outcomes.

    Earlier this yr, Databricks introduced Lakehouse for Monetary Companies, a platform that delivers associate options, use-case accelerators, and information monetization capabilities designed to handle the distinctive necessities for monetary service establishments. To enhance the Lakehouse, we additionally launched Brickbuilder Options – information and AI options expertly designed by main consulting firms to handle industry-specific enterprise necessities.* Earlier this month, we introduced the enlargement of Brickbuilder Options to incorporate associate migration options and healthcare and life sciences options, and later this month we can be launching extra manufacturing options. Backed by our associate’s {industry} expertise — and constructed on the Databricks Lakehouse Platform — Brickbuilder Options are designed to suit inside any stage of a clients’ journey to scale back prices and speed up time to worth.

    Let’s take an extra look into Databricks’ suite of economic providers Brickbuilder Options.

    Fig. 1: Brickbuilder Solutions are partner-developed industry and migration solutions for the lakehouse.
    Fig. 1: Brickbuilder Options are partner-developed {industry} and migration options for the lakehouse.

    Avanade Danger Administration: modernize danger modeling within the cloud

    Banking is likely one of the most data-intensive industries. As information volumes develop exponentially, monetary establishments face important information challenges. This contains managing an ever-increasing workload whereas making ready, cleansing, processing, storing, and curating a number of sources of economic information (e.g. loans, regulatory danger, CRM, AML/KYC, third-party, ESG to call a number of). Sadly, legacy infrastructure and information platforms can’t sustain. As the information property turns into extra complicated, it may be troublesome for banks to successfully deploy the machine studying fashions and information science initiatives wanted to remain aggressive on this area. On high of that, they have to always sustain with a altering panorama, from enterprise disruptors to evolving regulatory and compliance calls for.

    Banks can mitigate these challenges by standardizing and simplifying danger administration throughout enterprise strains. Avanade’s Danger Administration resolution, constructed on Azure Databricks, helps banks speed up their initiatives to deploy machine studying and information science. Its Metadata-Pushed Knowledge Administration Framework automates and quickens information ingestion from disparate information sources. As soon as information has been ingested, banks can leverage trendy compute to investigate years of historic information, constantly monitor danger at enterprise scale, and streamline and speed up mannequin compliance and information transparency. Banking decision-makers can harness the predictive intelligence they should mannequin danger and proper course with the reliability, governance, and suppleness of a modernized information property. Learn extra in regards to the Avanade Danger Administration resolution.

    Fig. 2: The Avanade Risk Management solution enables financial institutions to stay ahead of risks and provides decision-makers with the predictive intelligence they need to correct course.
    Fig. 2: The Avanade Danger Administration resolution permits monetary establishments to remain forward of dangers and supplies decision-makers with the predictive intelligence they should appropriate course.

    Capgemini Legacy Playing cards and Core Banking Portfolios Modernization: cut back migration efforts by 50%

    Throughout the retail and company lending segments, banks have to create agile enterprise fashions as a way to meet the challenges of adjusting buyer expertise calls for and an ever-expanding ecosystem. The power emigrate and combine monolithic mainframe techniques into trendy tech stacks on the cloud is important for retail banks in at this time’s aggressive market. By reworking their digital future with legacy playing cards and core banking modernization options, banks understand advantages akin to a discount in whole price of possession, boosts in operational effectivity and suppleness, and confidence that their IT platform is future-proofed.

    Capgemini’s resolution for migrating Legacy Playing cards and Core Banking Portfolios on Databricks permits fast conversion from exterior supply techniques and supplies a completely configurable and industrialized conversion functionality. Leveraging Public Cloud providers, this resolution supplies a cost-efficient conversion platform with predictable time to market. Now, you may quickly full ingestion, ease growth of ETL jobs, and fully reconcile and validate conversion as much as 50% sooner.

    DataSentics Persona 360: unify, perceive and activate your buyer information

    Monetary establishments are in an incredible place to ship personalised experiences for his or her clients and kind long-term relationships. Out there information sources present lots of items representing the client’s state of affairs. To drive actual impression, there are three important parts that should be in place: folks, instruments and processes. Nonetheless, these parts can include challenges. For folks, advertising (CRM) specialists and information scientists usually work independently. This lack of contact impedes enterprise impression. For instruments, to place all information sources collectively right into a compact buyer function retailer is tedious work that takes a number of years. And eventually, for processes, it’s troublesome to prepare lots of information pipelines and buyer attributes with out correct tooling.

    Persona 360 by DataSentics, an Atos firm, is a product constructed with these challenges in thoughts. It places state-of-the-art instruments collectively to help the efficient collaboration of knowledge specialists with advertising specialists through a proposed workflow, permitting them to check their concepts rapidly. Constructed on the Databricks Lakehouse Platform, Persona 360 comes with pre-built banking or insurance coverage information mannequin and pre-built 1695+ buyer attributes that can assist you perceive the variations between buyer segments. It additionally contains ready-to-use connectors to assist you to leverage insights in advertising platforms (e.g., Fb, Google, Salesforce) and improve the personalization of your buyer experiences based mostly on AI insights. With Persona 360, develop the engagement of your communication by 37% and conversion charges by 45%.

    Fig. 3. DataSentics’ Persona 360 strives to connect the workflow of data specialists and marketing specialists to deliver a real impact on business performance and customer satisfaction.
    Fig. 3. DataSentics’ Persona 360 strives to attach the workflow of knowledge specialists and advertising specialists to ship an actual impression on enterprise efficiency and buyer satisfaction.

    Get Began with Brickbuilder Options

    At Databricks, we proceed to collaborate with our consulting associate ecosystem to allow use instances in monetary providers. Try our full set of associate options on the Databricks Brickbuilder Options web page.

    Create Brickbuilder Options for the Databricks Lakehouse Platform

    Brickbuilder Options is a key part of the Databricks Companion Program and acknowledges companions who’ve demonstrated a singular capacity to supply differentiated lakehouse {industry} and migration options together with their data and experience.

    Companions who’re considering studying extra about the way to create a Brickbuilder Resolution are inspired to electronic mail us at [email protected].

    *We have now collaborated with consulting and system integrator (C&SI) companions to develop {industry} and migration options to handle information engineering, information science, machine studying and enterprise analytics use instances.


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