Banking

shutterstock_231926011Company Background
Large Fortune 50 Global Bank With 200 years of experience meeting the world’s toughest challenges and seizing its greatest opportunities, they strive to create the best outcomes for their clients and customers with financial solutions that are simple, creative, and responsible. This institution is in over 1,000 cities, 160 countries and millions of people.

Objective
This organization had Analytics processing, built by the business, and designed for CCARS executed on large UNIX servers with EMC storage. These configurations lead to extremely long processing times, often in excess of 40 hours.

Resolution
Destiny Corporation assessed the existing infrastructure and identified areas of inefficiencies. A new MPP (Massively Parallel Processing) environment was put into place and the CCARS logic was transferred onto this solution. Analytics processing went from 40 hours to 30 minutes with the upgraded MPP environment.

Benefits
This organization is now able to perform their Analytics processing in a fraction of the time, allowing more time for data analysis and less time spent on processing.


Company Background
A Large Fortune 50 Banking Institution who is a leader in financial services, serving people, companies, and institutional investors worldwide. This organization helps their clients achieve their goals by bringing them value, convenience, expertise, and innovation, while adhering to key operating principles.

Objective
This Organization has very high-level analytics processing. These processes were being conducted on their own MPP Data Marts environment with a Teradata enterprise data warehouse was standard. shutterstock_270734285This configuration led to long processing times, with the business spending more hours on processing information than analysis.

Resolution
Destiny Corporation evaluated the configuration of their existing environment and in conjunction with the client, designed a new architecture with a new MPP environment. This allowed processing jobs to drop to 15 minutes, while previously they demanded 15 hours.

Benefits
This new MPP solution allowed the organization to spend less time with processing data and more time with actual analysis.


Company Background
Large Fortune 50 Global Bank is a leader in financial services; who serves people, companies, and institutional investors worldwide. This organization helps their clients achieve their goals by bringing them value, convenience, expertise, and innovation, while adhering to key operating principles.

Banking and FinanceObjective
This organization had Analytics processing, built by the business, and designed for CCARS executed on large UNIX servers with EMC storage. These configurations lead to extremely long processing times, often in excess of 40 hours.

Resolution
Destiny Corporation assessed the existing infrastructure and identified areas of inefficiencies. An upgraded server environment was put into place and the CCARS logic was transferred onto this platform. Analytics processing went from 40 hours to 12 hours with the upgraded server environment.

Benefits
This organization is now able to perform their Analytics processing in a fraction of the time, allowing more time for data analysis and less time spent on processing.


Banking and FinanceCompany Background
A Large Fortune 50 Global Bank that serves millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients. They are a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity.

Objective
This Organization has stringent regulatory processing deadlines in order to comply with federal bank reporting regulations. The existing EMC infrastructure caused the bank to miss reporting deadlines, which resulted in massive penalties and fines. Many employees were terminated due to the inability to comply with these regulations.

Resolution
Destiny evaluated the existing Analytics environment that was supporting the SLA reporting. Destiny designed a new architecture with upgraded server and storage solutions. The replacements brought processing times down from 90 hours to 2 hours.

Benefits
This Organization is now able to timely report all federally required information within the time constraints given by the government. There are no longer issues with penalties and fines.


Company Background
This lending institution was pursuing an aggressive strategy to acquire other banks. This created a need for analyzing and monitoring the performance of these newly acquired institutions on an ongoing basis. In order to perform analysis, a combination of different ad hoc reports were put together using spreadsheets. The patchwork of numerous financial applications was cumbersome to deal with and no standard interface existed to link the different systems.shutterstock_63537922

The limited functionality with the disparate systems made it difficult and time consuming to create and access comprehensive financial reports, restricting the amount of value-added analysis that could be performed.

Objectives
There was a need for standardized reports and graphs that could be created on a monthly basis with minimal effort by a non-technical person. Real time access to a reporting system became imperative in order to provide senior management with quick and accurate financial information.

Our representatives met with the Head of the Bank Reporting Unit, who explained their needs for establishing standardized reporting and graphing. Ideally, this process was to be automated to the fullest extent possible with a user friendly front-end. This would enable administrative staff members to run these reports and access information in a timely manner. We recommended writing an application with a user-friendly GUI front end that could be executed by a non-programmer each month.

Resolutions
We met with key individuals from the Organization who were involved with this venture and analyzed their current situation and their needs. We looked at existing ad hoc reports, data sources, users and methodology used to give them their required information. Based on their needs, we developed a highly automated reporting and graphing package, which was designed to provide them with accurate information in a consistent and timely manner. We built this software solution using application development tools in a Windows based environment.

Benefits
The Organization now has standard reporting and graphing applications in place. Their administrative staff members can easily access this information on a monthly or as-needed basis. Financial information is available in a timely and consistent manner through an automated process. This system enables upper management to make strategic decisions on subsidiary performance based on accurate, timely, and consistent information.