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Project description
Creation of a centralized datastore (GDS), which will enable the consolidation of data from 12 countries with more than 1,800 banks and financial institutions.
The result
Significant acceleration of data processing within monthly, quarterly and annual closures was achieved. At the same time, all the requirements of the regulatory authorities and the ECB were met.
Technologies used
In one of the largest banking groups in Europe (Erste Group), the client decided to create a centralized data store (GDS), which will allow consolidation of data from 12 countries with more than 1,800 banks and financial institutions. This unique banking project called SPRING was based on a key decision - to create a completely new data model for such massive and complex volumes of data, used for controlling, risk, statutory reporting as well as asset management and other areas of operation of this banking group.
Our team of data experts designed and implemented a completely new conceptual data model (CDM), which could then be automatically converted to a logical data model (LDM) using generators created by us and subsequently physicalized into a physical data model (PDM).
After more than three years of work of our top experts, the SPRING project was successfully implemented and today the new DWH is in full operation for use by all institutions within the EG group. Significant acceleration of data processing within monthly, quarterly and annual closures was achieved. At the same time, all requirements of regulators and the ECB were met.
