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Data Rocket for Banks and Credit Unions

Financial institutions rely on data insights to attract and retain customers in a tech-driven world – an estimated two-thirds of customers use digital banking as a primary way to access and manage their financial assets. But outdated data and analytics infrastructure leads to nearly inaccessible data with little to no insights, and investing in data estate modernization with a full-scale data architecture and business analytics solution can be overwhelming and expensive mid-sized and small enterprise institutions.

A woman standing in front of an ATM machine

How We Can Help

Account Holder 360

Many banks and credit unions might be surprised to find out how little they know about account holders until they create a 360-degree record of relationships. Understanding account holder attributes and relationships across the institution can help tailor offerings to existing customers and target market segments that the bank already serves exceptionally well.

Operational Efficiency

Streamlining regulatory reporting and enhancing cybersecurity data management with automation tools can help save time and money and reduce the human error introduced into manual processes. Improve visibility into data lineage across the data ecosystem to make it easier to compile trusted data when regulators come knocking. Keep sensitive data secure throughout the data lifecycle with robust observability and threshold monitoring.

Agile Data Governance

Robust Data Governance will help you maintain the architecture, data quality and security you have worked to establish, even as your data estate continues to grow. Passerelle’s Agile Data Governance consulting gives you a framework for building a successful program that creates foundational data management.

AI Readiness

AI and ML applications can only be as trusted as the data they use. The fundamentals of data management, data preparation and data stewardship have never been more important. Passerelle helps organizations build a scalable data management practice focused on creating a single version of the truth in the Snowflake Data Cloud.

Camden Maine

Modernization at Any Size – Modernization to the Snowflake Data Cloud with a Small and Mighty Data Team

In 2018, Camden National Bank’s SVP and Director of IT Josh Nash knew the time was right to make a move to the cloud. The bank’s underlying financials were strong, but to continue its growth and fend off competition, Camden National Bank needed to leverage data as a strategic asset. With data spread across different sources with disparate reporting mechanisms, it was difficult to access, standardize, and report on data holistically. Camden National Bank chose Data Rocket to create a single version of the truth in the Snowflake Data Cloud, and now is getting ready for its next initiative – Enterprise AI. Learn about CNB’s modernization initiative here.

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