Driving Financial Innovation with Transatlantix and Databricks Solutions
Success Story
Client:
Major Financial Services Institution
Location:
United Kingdom
Industry:
Financial Services
The Challenge
A major UK financial institution was challenged with managing a growing volume of transaction data, which complicated fraud detection and real-time decision-making. The need for regulatory compliance added complexity to their data governance strategy. The institution required a solution to efficiently process high-frequency data, ensure data integrity, and enhance its ability to detect fraudulent activity.
The Solution
The financial services institution collaborated with Transatlantix to deploy Databricks’ advanced data platform, enabling them to improve fraud detection, streamline operations, and ensure compliance.
Databricks Lakehouse Platform
Consolidated the institution’s transactional, customer, and regulatory data into a single platform, ensuring complete data integrity for compliance and operational use.
Delta Lake
Enabled reliable and fast processing of large transaction datasets, ensuring ACID transactions and compliance with financial regulations.
Databricks Machine Learning
Developed real-time fraud detection models, using machine learning to identify anomalous transactions and prevent fraud before it occurs.
Databricks SQL Analytics
Provided real-time reporting and dashboards to monitor key financial KPIs, track transaction patterns, and ensure compliance with evolving regulations.
The Result
40%
Reduction in Fraudulent Transactions
Databricks Machine Learning models enabled faster and more accurate detection of fraudulent behaviour, leading to a substantial decrease in fraud.
Improved Customer Trust
With enhanced fraud prevention and faster reporting, the institution strengthened its reputation for trustworthiness and security among customers.
25%
Faster Compliance Reporting
Real-time data processing with Delta Lake streamlined the institution’s ability to generate accurate regulatory reports, reducing the time spent on compliance tasks.
Conclusion
By leveraging Databricks through Transatlantix, the financial institution was able to enhance fraud detection, ensure regulatory compliance, and improve overall customer trust.
Ready to Transform Your Financial Operations
Start optimising risk management and client services with Transatlantix's Databricks-powered solutions. Contact us today to schedule a free demo and discover how our AI and data analytics platform can elevate your financial institution.
Why Choose Transatlantix
Industry Expertise
Leverage decades of experience in financial services, combined with cutting-edge AI technology.
Powered by Databricks
Benefit from the industry’s leading data platform for AI and analytics.
Proven Solutions
Trusted by top financial institutions to deliver measurable success.
Dedicated Support
Our team of experts is committed to supporting you at every step.