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Challenges

  • Disparate IT systems because many banks come together to form SMTB
  • High costs in maintaining integration workflows due to changing data sources
  • Existing technologies, such as ETL and file transfer have high maintenance costs

Solution

  • Denodo Data Virtualization used to provide a unified virtual view of over 20 disparate data sources
  • Consolidated data is fed to custom applications that feed the data warehouse to be accessed eventually by Excel or MS Access
  • Scheduler within Denodo performs a monthly run to feed consolidated data for further processing

Benefits

  • Virtual views within Denodo are easy to create and maintain, thereby reducing IT costs
  • Increased agility in keeping up with changing source data and ensuring that timely data is fed to reporting process
  • Greater accuracy in reporting data due to reduced replication

Other Resources

Solution Brief: Facilitating the Digital Transformation in Banking

Find out how Sumitomo Mitsui Trust Bank benefited from data virtualization capabilities.

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