Lending and Asset Finance Leader utilizes Azure and Databricks-Powered Data Lake to drive Reporting Agility and Decision making.
Project Highlights
OwlFinancial Technologies implemented a data lake leveraging Databricks and Azure ecosystem and implemented the medallion architecture to streamline data management.
The initiative consolidated 24+ data sources, eliminated silos, and automated data aggregation and transformation. With no manual intervention, the solution enhanced efficiency, ensured seamless data exchanges, and introduced key business metrices. The data sources were in the areas of lease management systems, CRM, Asset Finance, Risk Management, Profitability, and General Ledger.
Benefits
- Automated workflows reduced manual intervention by 30%, streamlining compliance, regulatory reporting, and operational processes.
- Achieved a 40% faster time-to-market for business reports and financial products through seamless data integration and aggregation.
- Reduced maintenance costs by 40%, optimizing resource allocation and enhancing scalability for long-term growth.
- Enabled faster, more informed decision-making with accurate, real-time insights, improving customer experiences and supporting strategic business growth.
