Cloudera Case Studies Safeguarding Compliance and Ensuring Responsible Banking with Data at ANZ Bank
Safeguarding Compliance and Ensuring Responsible Banking with Data at ANZ BankCloudera
Analytics & Modeling - Machine Learning
Infrastructure as a Service (IaaS) - Private Cloud
Finance & Insurance
Product Research & Development
Leasing Finance Automation
Machine to Machine Payments
Cloud Planning, Design & Implementation Services
Data Science Services
|The deployment of the Cloudera Data Platform Private Cloud Base significantly accelerated ANZ Bank's compliance process. The bank was able to quickly sift through past transactions, allowing it to issue refunds to over 3.5 million customer accounts, both past and present, efficiently. The platform provided a rich and reliable data product that enabled new use cases for several business-critical banking teams. As a result, ANZ Bank built brand trust and drove responsible banking practices. The bank also plans to proactively ensure that discrepancies do not happen in the future through a responsible banking initiative powered by data and machine learning.
|ANZ Bank refunded approximately AUD500 million to over 3.5 million affected accounts.
|The bank was able to analyze every single transaction over the past 20 years, which amounted to approximately 10 PB of data.
|The bank plans to support these initiatives with a team of 500 data scientists and machine learning experts.