INDUSTRY: FINANCIAL SERVICES
ANZ Bank
Key Benefits
- Delivered up-to 10x faster time to insight
Client
ANZ is one of the 5 largest listed companies in Australia and number one bank in New Zealand with market capitalisation of AU$93.4b and total assets of A$896.5 billion as at 31 March 2017. ANZ operates in 34 markets across Australia, New Zealand, Asia, Pacific, Europe, America and the Middle East. A staff of over 46,000 serve retail, commercial and institutional customers through consumer and corporate offerings in core markets, and regional trade and capital flows across the region.
Challenges
ANZ Institutional Banking analyses terabytes of data to develop lists of recommended revenue opportunities for bankers. Large amounts of market and trading data have to be analysed with complex business logic to identify the best revenue opportunities.
Solution
In the fast paced and rapidly evolving world of finance, where time to insight and action is critical, ANZ’s team worked with Bryte to leverage Amazon Web Services performance and scale to process to analyse and produce valuable insights across high volumes of data using the BryteFlow sofwtare.
The solution was designed to power ANZ’s high performance Market Analysis and Predictive Analytics engine and delivered up-to 10x faster time to insight across the same datasets and business logic, compared to the existing on-premise alternatives.
Result
- Delivered up-to 10x faster time to insight.
