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Title
Smarter and faster decision-making with all data in one platform
…Demo Login Contact Us Try Databricks Customer Stories / Swedbank CUSTOMER STORY Smarter and faster decision-making with all data in one platform Swedbank is the largest bank in Sweden and the third-largest in the Nordic coun…
Description
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.
…CUSTOMER STORY Smarter and faster decision-making with all data in one platform Swedbank is the largest bank in Sweden and the third-largest in the Nordic countries, with more than 7 million customers and approximately 15,000 employees. Five years ago, the bank started looking at how to integrate and analyze data a…
…arket, with reduced costs, increased revenue and enhanced customer experiences, 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. Unique challenges in the banking industry Compliance, legal requirements and se…
Company
Swedbank
Swedbank Leverages Databricks | Databricks Skip to main content Login Why Databricks Dis…
Country
Sweden
…CUSTOMER STORY Smarter and faster decision-making with all data in one platform Swedbank is the largest bank in Sweden and the third-largest in the Nordic countries, with more than 7 million custome…
Region
Nordics
…making with all data in one platform Swedbank is the largest bank in Sweden and the third-largest in the Nordic countries, with more than 7 million customers and approximately 15,000 employees. Five ye…
Industry
Financial Services
…as its unified access control plane. Unique challenges in the banking industry Compliance, legal requirements and security are the main challenges banks like Swedbank face in terms of handling data. “It’s not easy,” says Vineeth Menon, Head of Data Lake Engineering at Swedbank.…
Problem
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.
…as its unified access control plane. Unique challenges in the banking industry Compliance, legal requirements and security are the main challenges banks like Swedbank face in terms of handling data. “It’s not easy,” says Vineeth Menon, Head of Data Lake Engineering at Swedbank.…
…It’s not easy,” says Vineeth Menon, Head of Data Lake Engineering at Swedbank. “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 key to the whole project was a risk-based approach, which involved analyzi…
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.
…arket, with reduced costs, increased revenue and enhanced customer experiences, 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. Unique challenges in the banking industry Compliance, legal requirements and se…
…ing and evaluating each stage of the migration with a feasibility perspective. “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,” says Menon. Vision: To bring value across the organization To really get the best out of a…
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.
…ute, and no flexibility to add third-party solutions for deep learning and AI. “Our advanced analytics platform driven by Databricks has made artificial intelligence and machine learning programming languages available in one click through the centralized hub,” says Menon. “It has really helped us to increase our productivity. Implementa…
…alized hub,” says Menon. “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, as well as providing us with the ability to utilize green cloud providers to m…
Technology
Databricks, Microsoft Azure, Immuta
…xperiences, 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. Unique challenges i…
…on services to Databricks’ driven analytics platform within the Azure cloud and implemented Immuta as its unified access control plane. Unique challenges in the banking industry Compliance, legal requirements and s…
AI capabilities
Fraud & Anomaly Detection
…bled 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, as well as providing us with the ability to utilize green cloud providers to m…
Deployment model
cloud, hybrid
…“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,” says Menon. Vision: To bring value across the organization To really get the…
Deployment options
cloud, On-premise, hybrid
…“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,” says Menon. Vision: To bring value across the organization To really get the…
