PALO ALTO, Calif, April 26, 2023 – Denodo, a global leader in data management, announced that it has provided KakaoBank with the Denodo Platform, a logical data integration and management solution, to support data analysis and utilization.
Together with its local partner, Planit Partners, Denodo provided KakaoBank in South Korea with the Denodo Platform, which, powered by data virtualization, provides all the features needed to build a data fabric, including real-time integration, management, and distribution of data. With data virtualization, which logically integrates disparate data repositories, the Denodo Platform not only meets the latest requirements for data analysis, including providing the latest data, but also enables a centralized environment for establishing fine-grained and robust data security and data governance capabilities.
The logical integration of diverse data sources improves the efficiency of the entire data management process by enabling quick data discovery, streamlined data operations, and unified management of access authorities. In addition, the Denodo Platform's data catalog analyzes query history to recommend customized data and notify users of frequently sought data. The data catalog improves the efficiency of the entire data process by enabling easy access to data.
"We expect to be able to analyze data more efficiently through the data virtualization technology of the Denodo Platform," said one stakeholder in the Modern Data Platform team at KakaoBank, who chose to remain anonymous.
"I am very pleased that Denodo has become a partner, with Planit Partners, in KakaoBank's journey to become a data-driven company that provides innovative financial services based on its excellent IT technology capabilities," said Myounsun Namkung, Country Manager of Denodo Korea. "As a global leader in data management, Denodo has helped companies in a wide variety of industries, including finance, achieve their business goals and gain competitive advantage based on optimal data management strategies, and we will continue to actively introduce Denodo's differentiated technology and global capabilities to Korean enterprise customers."