Automation of retail banking processes

 

Objective

 

A large UK-based bank wanted to automate most of it's retail banking processes.

 

Challenges
 

  • Limited data profiling and quality of reporting data.
  • Lack of standardized reporting and no enforcement of process controls.

Approach
 

  • Developed a data quality framework and increased the bank's appetite for data quality to promote a culture of data literacy.
  • Used Databricks for data storage, Informatica for automated governance and data quality, and Tableau for interactive dashboarding.

Impact
 

  • Automated 80% of the client's retail banking activities resulting in closing 12% of branches to reduce costs.
  • Streamlined operational efficiencies.

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