Data Virtualization-Fulfilling the Digital Transformation Requirement in Banking

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Presented by

Paul Moxon, SVP Data Architectures & Chief Evangelist, Denodo

About this talk

The financial industry is undergoing a massive digital transformation, and banking institutions are on the road to becoming digital financial technology organizations. This is driven by many factors, some of which include, the need to improve customers experience (CX) through tailored products and services, staying competitive in an ever more competitive market with new challengers, adapting to new delivery channels, and advances in technology. Data is at the center of this digital transformation, but caution needs to be taken to ensure customers’ data rights, privacy and security are top priorities, especially with initiatives like Open Banking and shifts to Cloud environments. So how do banks move forward, living up to market expectations and staying competitive while protecting their customers and complying with regulations? Banking institutions need to update their legacy systems and implement strategies and services that will transform them into digital financial organizations. They need agile access to information that can be leveraged to make timely business decisions, yet still fulfill the regulatory requirements. Banks in the digital transformation era, need a single view of all their data and a way to establish security controls across the entire infrastructure. In this webinar, we will discuss how data virtualization can update and modernize data architectures in the digital transformation era. We will present success stories of banking companies who already use data virtualization to differentiate themselves from the competition, optimize processes, and create new business opportunities through more agile data management.

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For IT professionals who are focused on data integration and enterprise data management and are overwhelmed by the growing number of data and data types, data virtualization provides real-time integration with agility to access and integrate disparate sources with ease. For business professionals, Data Virtualization brings agile information access that in turn drives business agility. The webcasts provided in this channel by Denodo, the leader in Data Virtualization, provide the latest in common usage patterns, use cases, best practices and strategies for driving business value with data virtualization.