Fifth Third Bank: Leveraging Denodo Platform for Modern Data Mesh Strategy
Technology Category
- Platform as a Service (PaaS) - Application Development Platforms
- Platform as a Service (PaaS) - Data Management Platforms
Applicable Industries
- Buildings
- Finance & Insurance
Use Cases
- Inventory Management
- Mesh Networks
About The Customer
Fifth Third Bank is a major banking corporation headquartered in Cincinnati, Ohio. It is the largest money manager in the midwestern United States. The bank is committed to transforming into a data-driven company and has embarked on an enterprise data strategy initiative to achieve this goal. The initiative leverages data virtualization and logical data fabric to improve compliance, exceed customer expectations, increase adaptability and automation, and accelerate the modernization of its core data infrastructure.
The Challenge
Fifth Third Bank, the largest money manager in the midwestern United States, was looking to transform into a data-driven company. The bank embarked on an enterprise data strategy initiative that leverages data virtualization and logical data fabric. The primary objectives of this initiative were to improve compliance with numerous regulations, exceed customer expectations, increase adaptability and automation, and accelerate the modernization of its core data infrastructure. However, the bank faced challenges in establishing a critical data abstraction layer that could limit the user impact of a platform migration, creating standardized, reusable data domains, and building a modern, distributed data mesh architecture for analytical data management.
The Solution
Fifth Third Bank adopted the Denodo Platform to overcome these challenges. The platform's data virtualization capabilities allowed the bank to build a data mesh architecture, a modern, distributed architecture for analytical data management that makes data more accessible, available, discoverable, secure, and interoperable. This architecture reduced the need for extract, transform and load (ETL) service management since data no longer needed to be physically moved. The Denodo Platform also enabled Fifth Third Bank to create standardized, reusable data domains. This helped the bank to consistently provide appropriate levels of data management controls, as stakeholders no longer had to manage redundant data sets. The platform played a crucial role in modernizing the bank's overall data strategy and everyday data consumption.
Operational Impact
Quantitative Benefit
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