For decades, the banking industry has possessed a wealth of underutilized customer data. The need for change is evident, and it needs to happen swiftly. Regardless of the desired outcome, be it an enhanced customer experience, improved risk management, insight-driven interactions, or personalized service delivery, achieving digital success at scale hinges on real-time data access coupled with advanced analytics and AI.
Crafted on the pillars of layered OLTP and OLAP architecture, real-time data processing, and embedded insight principles, the Finacle Digital Banking Platform lays a robust groundwork. It empowers banks to seamlessly handle, sustain, and disseminate data at scale—a vital element for propelling cutting-edge banking innovations.
It’s time to elevate your banking operations and engagements with data foundations built for the future.
Experience real-time excellence with Finacle’s data platform. Every transaction, from any channel, is processed instantly. To meet population-scale analytical needs, Finacle employs graded data stores, balancing velocity, veracity, volume, and variety in various consumption scenarios such as machine learning, analytics or data-intensive enterprise applications. The tiered structure forms Finacle’s CQRS pattern, segregating OLTP and OLAP workloads. Data flows seamlessly from OLTP to the OLAP data store and Finacle Data Lake through event streaming and asynchronous interfaces. The Finacle Data Lake, built on HDFS, is the foundation for analytical and operational reporting. Embracing a CQRS model, Finacle delivers data via APIs and events for a universal data consumption model.
Elegantly designed, the Finacle Data Lake employs domain-based data marts for expansive datasets. Decentralizing data ownership through these domain-oriented marts fosters a self-serve infrastructure, ensuring efficient handling of diverse data within specific domains. This model promotes agility and autonomy, enabling teams to seamlessly access, manage, and derive insights from their datasets.
Sohar International leveraged Finacle to enhance customer-centricity with insights-driven banking. With the Finacle platform, the bank was able to achieve –
The foundational cogs powering Finacle’s composable architecture