Denodo Technologies Case Studies Seacoast Bank Improves Business Process Efficiency Using a Logical Data Warehouse

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	Seacoast Bank Improves Business Process Efficiency Using a Logical Data Warehouse Denodo Technologies

Seacoast Bank Improves Business Process Efficiency Using a Logical Data Warehouse

Denodo Technologies

Technology Category	Platform as a Service (PaaS) - Data Management Platforms
Applicable Industries	Finance & Insurance
Applicable Functions	Business Operation
Services	System Integration
Challenge	Seacoast Bank, a growing community bank, faced a challenge with its operational data residing in a hosted data warehouse environment. There were many data silos that existed outside of the hosted platform and adding new sources of data or enriching the hosted data was not possible. The bank wanted to enhance the reporting experience for the departmental users. In the past, business users had to request custom static reports from the IT team, for operational purposes. These ad-hoc, manual reports used to get created as PDF or Excel files, making the reporting process extremely inefficient and outdated. Seacoast wanted its business users to interact directly with the data in a self-service manner, so they could create any type of custom report, based on the company's changing needs. Read More
About Customer	Seacoast Banking Corporation of Florida is one of the largest community banks headquartered in Florida with approximately $4.0 billion in assets and $3.2 billion in deposits as of March 31, 2016. The company provides integrated financial services, including commercial and retail banking, wealth management, and mortgage services, to customers through advanced banking solutions, 53 traditional branches of its locally-branded wholly-owned subsidiary bank, Seacoast Bank, and five commercial banking centers. The bank was started in 1922, is led by its third-generation CEO, and is publicly traded. Read More
Solution	Seacoast decided to use data virtualization to implement a logical data warehouse, combining data from various silos of data sources, to readily access the data through APIs, web services, and reporting tools. The Denodo Platform was chosen for ease of administration, a rich set of features, and a shorter time-to-value. Using the Denodo Platform, Seacoast integrates its various data sources from a mix of cloud and on-premises sources. This source included both on premise as well as cloud based data for loan origination, core banking operations and marketing data. The aggregated data is then exposed as views, or virtual data marts, to SAS, Tableau, and other tools for dashboarding, reporting, and analysis. Using the Denodo Platform, the team created over 33 virtual data marts, which are built around the core business subject areas like deposits, loans, online banking, treasury services, mobile banking, teller transactions and several others. Read More Log in to view content
Contents

Technology Category

Platform as a Service (PaaS) - Data Management Platforms

Applicable Industries

Finance & Insurance

Applicable Functions

Business Operation

Services

System Integration

Challenge

Seacoast Bank, a growing community bank, faced a challenge with its operational data residing in a hosted data warehouse environment. There were many data silos that existed outside of the hosted platform and adding new sources of data or enriching the hosted data was not possible. The bank wanted to enhance the reporting experience for the departmental users. In the past, business users had to request custom static reports from the IT team, for operational purposes. These ad-hoc, manual reports used to get created as PDF or Excel files, making the reporting process extremely inefficient and outdated. Seacoast wanted its business users to interact directly with the data in a self-service manner, so they could create any type of custom report, based on the company's changing needs.

About Customer

Seacoast Banking Corporation of Florida is one of the largest community banks headquartered in Florida with approximately $4.0 billion in assets and $3.2 billion in deposits as of March 31, 2016. The company provides integrated financial services, including commercial and retail banking, wealth management, and mortgage services, to customers through advanced banking solutions, 53 traditional branches of its locally-branded wholly-owned subsidiary bank, Seacoast Bank, and five commercial banking centers. The bank was started in 1922, is led by its third-generation CEO, and is publicly traded.

Solution

Seacoast decided to use data virtualization to implement a logical data warehouse, combining data from various silos of data sources, to readily access the data through APIs, web services, and reporting tools. The Denodo Platform was chosen for ease of administration, a rich set of features, and a shorter time-to-value. Using the Denodo Platform, Seacoast integrates its various data sources from a mix of cloud and on-premises sources. This source included both on premise as well as cloud based data for loan origination, core banking operations and marketing data. The aggregated data is then exposed as views, or virtual data marts, to SAS, Tableau, and other tools for dashboarding, reporting, and analysis. Using the Denodo Platform, the team created over 33 virtual data marts, which are built around the core business subject areas like deposits, loans, online banking, treasury services, mobile banking, teller transactions and several others.

Impact #1	The Denodo Platform helped Seacoast Bank with business process improvement and automation.
Impact #2	For line-of-business managers such as loan officers, deposit managers, risk managers, and business security managers, the Denodo Platform democratized information availability, empowering the bank to run its everyday business better, while still providing security and protection of the data.
Impact #3	With self-service BI in place, all Seacoast business stakeholders can generate operational reports and business analysis reports in far less time than before.

Impact #1

The Denodo Platform helped Seacoast Bank with business process improvement and automation.

Impact #2

For line-of-business managers such as loan officers, deposit managers, risk managers, and business security managers, the Denodo Platform democratized information availability, empowering the bank to run its everyday business better, while still providing security and protection of the data.

Impact #3

With self-service BI in place, all Seacoast business stakeholders can generate operational reports and business analysis reports in far less time than before.

Benefit #1	Development time to produce the enterprise data warehouse was reduced by 40%
Benefit #2	What would have taken 8 months using ETL processes took Seacoast Bank 5 months using data virtualization

Benefit #1

Development time to produce the enterprise data warehouse was reduced by 40%

Benefit #2

What would have taken 8 months using ETL processes took Seacoast Bank 5 months using data virtualization

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Overview

Seacoast Bank Improves Business Process Efficiency Using a Logical Data Warehouse

Operational Impact

Quantitative Benefit