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Title
Banco Bradesco uses AI for near real-time credit decisioning
…a single view of their financial life. With open finance data, Banco Bradesco’s BRAIN (Bradesco Business Intelligence Decisioning Platform) project, which is responsible for providing credit solutions in near real-time, quickly improves the accuracy of pre-approved loan financing. Moreover, analysts use Databricks SQL to run queries and visualize data through…
Description
Banco Bradesco, one of Latin America's largest banks, built BRAIN (Bradesco Business Intelligence Decisioning Platform) on the Databricks Data + AI Platform to provide credit solutions in near real-time, improving the accuracy of pre-approved loan financing and accelerating loan analysis from months to minutes. The bank runs 180+ analytics and AI use cases across 200+ users, using Delta Lake, Lakeflow Jobs, Spark Declarative Pipelines and Unity Catalog to unify customer, transactional and open-finance consent data, and has cut development time for new ML solutions from 2 days to under 2 hours (24x faster).
…an firmly lead Latin America’s financial industry into an open finance future. “The Databricks Data + AI Platform is a consistent and relevant solution pattern used by over 200 data analysts across 180 use cases and growing as we introduce more data and new AI initiatives,” said Boareto. With more than…
…active ETL pipelines sending data to Banco Bradesco’s different AI initiatives, their team can now build solutions leveraging ML from financial data 24x faster — reducing development times of new applications from 2 days to less than 2 hours. And the fruits of this newfound efficiency are already having a material impac…
Company
Banco Bradesco
…of open finance across institutions — the finance industry is in exciting flux. Banco Bradesco understood that meeting evolving customer expectations with better financial solutions was a key priority. Unfortunately, Banco Bradesco’s legacy data warehouse was too cumbersome to sha…
Region
Latin America
…ogin Contact Us Try Databricks Customer Stories / Banco Bradesco CUSTOMER STORY Leading Latin America Into an Open Finance Future 24x Faster time-to-market for new features 180+ Analytics and AI use cases 200+…
Industry
Financial Services
…tract insights from their data for more customer value. Share this post Details Industry : Financial Services Cloud : Azure Product : Databricks SQL , Unity Catalog Ready to get started? Tr…
Problem
Banco Bradesco's legacy data warehouse was too cumbersome to share customer data with other entities; with customer, transactional and consent data scattered across disjointed systems, its existing environment created too many obstacles to fully embrace open finance and the move to become a cloud-first bank.
…expectations with better financial solutions was a key priority. Unfortunately, Banco Bradesco’s legacy data warehouse was too cumbersome to share customer data with other entities. With customer, transactional and consent data scattered across disjointed syste…
Solution
With the Databricks Data + AI Platform, Banco Bradesco created new paths to provide personalized experiences for customers, including its BRAIN (Bradesco Business Intelligence Decisioning Platform) project, which provides credit solutions in near real-time and quickly improves the accuracy of pre-approved loan financing.
…a single view of their financial life. With open finance data, Banco Bradesco’s BRAIN (Bradesco Business Intelligence Decisioning Platform) project, which is responsible for providing credit solutions in near real-time, quickly improves the accuracy of pre-approved loan financing. Moreover, analysts use Databricks SQL to run queries and visualize data through…
Business value
Banco Bradesco's team can now build ML solutions from financial data 24x faster, reducing development times of new applications from 2 days to less than 2 hours, and one such solution has accelerated the analysis time of customer loans from months to minutes.
…this newfound efficiency are already having a material impact on the business. One such solution has accelerated the analysis time of customer loans from months to minutes, allowing the company to change pre-approved credit limits nearly on demand. Ba…
Headline outcome
…active ETL pipelines sending data to Banco Bradesco’s different AI initiatives, their team can now build solutions leveraging ML from financial data 24x faster — reducing development times of new applications from 2 days to less than 2 hou…
Use case type
Decision support
…a single view of their financial life. With open finance data, Banco Bradesco’s BRAIN (Bradesco Business Intelligence Decisioning Platform) project, which is responsible for providing credit solutions in near real-time, quickly improves the accuracy of pre-approved loan financing. Moreover, analys…
AI capabilities
Machine Learning, Predictive Analytics
…h this added insight into a customer’s financial landscape across institutions, banks are tapping into analytics and AI to deliver seamless and personalized customer experiences across financial institutions and platforms. “With more visibility into our customers, we have the opportunity to deliver p…
Technology
Delta Lake, Databricks Lakeflow Jobs, Unity Catalog, Databricks SQL
…Lake provides the foundation to build fast ETL pipelines for analytics and ML. Databricks Lakeflow Jobs allows Banco Bradesco’s data analyst teams to easily create, run, monitor and repair data pipelines without running any infrastructure. With Spark Declarative Pipelines, their engineering team benefits from auto-opt…
Deployment model
cloud
…for more customer value. Share this post Details Industry : Financial Services Cloud : Azure Product : Databricks SQL , Unity Catalog Ready to get started? Try Databricks f…
Deployment options
cloud
…for more customer value. Share this post Details Industry : Financial Services Cloud : Azure Product : Databricks SQL , Unity Catalog Ready to get started? Try Databricks f…
