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Services
Data as a Service for Banking on Databricks
Modernize your data platform with our cloud-enabled solution
Deloitte’s Data as a Service (DaaS) for Banking offering combines the Databricks Data Intelligence Platform with Deloitte’s industry experience to help banks, credit unions, and financial institutions quickly migrate to a modern banking data platform on the cloud and use data and AI to augment revenue streams, stay compliant, and minimize costs.
Why do banks need a data solution?
Banks collect lots of information, but many are not realizing the value of that data. This is happening for a variety of reasons, including:
- Data is siloed, which negatively impacts decision-making
- Too much work is manual and error-prone
- Complex ecosystems with no integrated tooling
- Slow time-to-value and minimal return on investment (ROI)
How DaaS for Banking makes the difference
Deloitte’s DaaS for Banking is designed to unlock customer insights by offering:
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Pre-built framework
Deploy a pre-built framework across any cloud provider and integrate with leading data tools to accelerate adoption.
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Faster data modernization
Get faster data modernization at a lower cost, leading to on-demand insights to fuel revenue growth and improve business decisions.
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Compliance and protection
Enjoy the reassurance of regulatory compliance and protection from breaches with proper security protocols in place.
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Start, scale, and sustain your modern banking data and AI program
With automated, pre-built frameworks and engines, financial institutions can more quickly:
- Migrate data from legacy systems
- Integrate front-end and back-end applications
- Determine precise customer segmentation and behavior analytics
- Deliver hyper-personalized services to customers
The time is now
Surveys indicate data modernization is an imperative, as banks need modern banking data solutions and platforms to tackle new challenges.
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100%
$5B+
Over $5 billion will be spent on data initiatives, 60% of which on critical data modernization.1
4 out of 5
83%
83% of customers prefer an out of the box or prebuilt solution to handle their data.1
Update
90%
90% of banks prioritize ROI when buying software.1
365 to 5
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Contact us
Get in touch
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