Databricks
Case Studies
Leading Latin America Into an Open Finance Future with IoT
Overview
Leading Latin America Into an Open Finance Future with IoTDatabricks |
Analytics & Modeling - Machine Learning Platform as a Service (PaaS) - Application Development Platforms | |
Cement Finance & Insurance | |
Maintenance | |
Construction Management Leasing Finance Automation | |
Cloud Planning, Design & Implementation Services Data Science Services | |
Operational Impact
With the lakehouse architecture underpinning Banco Bradesco’s enterprise data platform, they can firmly lead Latin America’s financial industry into an open finance future. The bank has developed a mobile application that consolidates customers’ financial accounts across different banks, giving them a single view of their financial life. With open finance data, Banco Bradesco’s BRAIN (Bradesco Business Intelligence Decisioning Platform) project, which is responsible for providing credit solutions in near real-time, quickly improves the accuracy of pre-approved loan financing. Moreover, analysts use Databricks SQL to run queries and visualize data through business intelligence dashboards for executives to make smarter strategic decisions around open finance. One such solution has accelerated the analysis time of customer loans from months to minutes, allowing the company to change pre-approved credit limits nearly on demand. | |
Quantitative Benefit
24x faster time-to-market for new features | |
180+ analytics and AI use cases | |
200+ users accessing data insights | |