Denodo Technologies Case Studies Promoting Regulatory Compliance, Operational Efficiency, and Innovation with IoT: A Case Study on Coface

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	Promoting Regulatory Compliance, Operational Efficiency, and Innovation with IoT: A Case Study on Coface Denodo Technologies

Promoting Regulatory Compliance, Operational Efficiency, and Innovation with IoT: A Case Study on Coface

Denodo Technologies

Technology Category	Infrastructure as a Service (IaaS) - Virtual Private Cloud Platform as a Service (PaaS) - Application Development Platforms
Applicable Functions	Product Research & Development Quality Assurance
Use Cases	Leasing Finance Automation Regulatory Compliance Monitoring
Services	Cloud Planning, Design & Implementation Services
Challenge	Coface, a global credit insurer, faced a multitude of regulatory and compliance challenges due to its large and geographically dispersed nature. The company aimed to enhance operational efficiency and stimulate business growth by introducing innovative business use cases. However, the primary requirement for dealing with these challenges was the ability to provide comprehensive data in the right context. Integrating this data from various internal and external sources, including on-premises and cloud systems, proved to be excessively complex. The company needed a solution that could simplify this process and make previously inaccessible data easily available, while also ensuring governance, compliance, and data security. Read More
About Customer	Coface is a globally operating credit insurer that offers companies solutions to protect them against the risk of financial default of their clients, both in their domestic and export markets. The company employs over 4,400 people and registered a turnover of $1.56 billion in 2020. As a large, geographically dispersed financial services organization, Coface faces numerous regulatory and compliance challenges. The company is constantly seeking ways to improve operational efficiency and spur business growth by introducing innovative business use cases. Read More
Solution	Coface decided to leverage the Denodo Platform, powered by data virtualization, to create a virtual data lake. This new virtual data lake offered three main advantages over a physical data lake. Firstly, it reduced development costs as metadata specifications needed to be defined only once and could be reused multiple times. Secondly, it accelerated development as there was no need to learn the technical languages and APIs of the original data sources. Lastly, it increased report and analytical consistency. Additionally, the Denodo Platform enabled the centralization of business rules, ensuring that compliance checks and audits could be completed more quickly and accurately. Shortly after implementing the Denodo Platform, Coface was able to move 25 use cases into production that were being served through the virtual data lake. Read More Log in to view content
Contents

Technology Category

Infrastructure as a Service (IaaS) - Virtual Private Cloud

Platform as a Service (PaaS) - Application Development Platforms

Applicable Functions

Product Research & Development

Quality Assurance

Use Cases

Leasing Finance Automation

Regulatory Compliance Monitoring

Services

Cloud Planning, Design & Implementation Services

Challenge

Coface, a global credit insurer, faced a multitude of regulatory and compliance challenges due to its large and geographically dispersed nature. The company aimed to enhance operational efficiency and stimulate business growth by introducing innovative business use cases. However, the primary requirement for dealing with these challenges was the ability to provide comprehensive data in the right context. Integrating this data from various internal and external sources, including on-premises and cloud systems, proved to be excessively complex. The company needed a solution that could simplify this process and make previously inaccessible data easily available, while also ensuring governance, compliance, and data security.

About Customer

Coface is a globally operating credit insurer that offers companies solutions to protect them against the risk of financial default of their clients, both in their domestic and export markets. The company employs over 4,400 people and registered a turnover of $1.56 billion in 2020. As a large, geographically dispersed financial services organization, Coface faces numerous regulatory and compliance challenges. The company is constantly seeking ways to improve operational efficiency and spur business growth by introducing innovative business use cases.

Solution

Coface decided to leverage the Denodo Platform, powered by data virtualization, to create a virtual data lake. This new virtual data lake offered three main advantages over a physical data lake. Firstly, it reduced development costs as metadata specifications needed to be defined only once and could be reused multiple times. Secondly, it accelerated development as there was no need to learn the technical languages and APIs of the original data sources. Lastly, it increased report and analytical consistency. Additionally, the Denodo Platform enabled the centralization of business rules, ensuring that compliance checks and audits could be completed more quickly and accurately. Shortly after implementing the Denodo Platform, Coface was able to move 25 use cases into production that were being served through the virtual data lake.

Impact #1	The implementation of the Denodo Platform at Coface resulted in a significant improvement in operational efficiency. The platform enabled the company to easily access previously inaccessible data, thereby promoting innovation and business growth. The centralization of business rules ensured that compliance checks and audits could be completed more quickly and accurately, thereby enhancing regulatory compliance. The platform also simplified the company's cloud transformation process. Overall, the Denodo Platform proved to be the right tool for collaborative, flexible work at Coface.

Impact #1

The implementation of the Denodo Platform at Coface resulted in a significant improvement in operational efficiency. The platform enabled the company to easily access previously inaccessible data, thereby promoting innovation and business growth. The centralization of business rules ensured that compliance checks and audits could be completed more quickly and accurately, thereby enhancing regulatory compliance. The platform also simplified the company's cloud transformation process. Overall, the Denodo Platform proved to be the right tool for collaborative, flexible work at Coface.

Benefit #1	Reduced development costs due to reusable metadata specifications
Benefit #2	Accelerated development process as there was no need to learn the technical languages and APIs of the original data sources
Benefit #3	Increased report and analytical consistency

Benefit #1

Reduced development costs due to reusable metadata specifications

Benefit #2

Accelerated development process as there was no need to learn the technical languages and APIs of the original data sources

Benefit #3

Increased report and analytical consistency

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Overview

Promoting Regulatory Compliance, Operational Efficiency, and Innovation with IoT: A Case Study on Coface

Operational Impact

Quantitative Benefit