Case Studies > Fifth Third Bank: Leveraging Denodo Platform for Modern Data Mesh Strategy

Fifth Third Bank: Leveraging Denodo Platform for Modern Data Mesh Strategy

Technology Category

Platform as a Service (PaaS) - Application Development Platforms
Platform as a Service (PaaS) - Data Management Platforms

Applicable Industries

Buildings
Finance & Insurance

Use Cases

Inventory Management
Mesh Networks

About The Customer

Fifth Third Bank is a major banking corporation headquartered in Cincinnati, Ohio. It is the largest money manager in the midwestern United States. The bank is committed to transforming into a data-driven company and has embarked on an enterprise data strategy initiative to achieve this goal. The initiative leverages data virtualization and logical data fabric to improve compliance, exceed customer expectations, increase adaptability and automation, and accelerate the modernization of its core data infrastructure.

The Challenge

Fifth Third Bank, the largest money manager in the midwestern United States, was looking to transform into a data-driven company. The bank embarked on an enterprise data strategy initiative that leverages data virtualization and logical data fabric. The primary objectives of this initiative were to improve compliance with numerous regulations, exceed customer expectations, increase adaptability and automation, and accelerate the modernization of its core data infrastructure. However, the bank faced challenges in establishing a critical data abstraction layer that could limit the user impact of a platform migration, creating standardized, reusable data domains, and building a modern, distributed data mesh architecture for analytical data management.

The Solution

Fifth Third Bank adopted the Denodo Platform to overcome these challenges. The platform's data virtualization capabilities allowed the bank to build a data mesh architecture, a modern, distributed architecture for analytical data management that makes data more accessible, available, discoverable, secure, and interoperable. This architecture reduced the need for extract, transform and load (ETL) service management since data no longer needed to be physically moved. The Denodo Platform also enabled Fifth Third Bank to create standardized, reusable data domains. This helped the bank to consistently provide appropriate levels of data management controls, as stakeholders no longer had to manage redundant data sets. The platform played a crucial role in modernizing the bank's overall data strategy and everyday data consumption.

Operational Impact

The implementation of the Denodo Platform has significantly transformed the data management operations at Fifth Third Bank. The bank has successfully established a critical data abstraction layer, limiting the user impact of a platform migration. The creation of standardized, reusable data domains has streamlined data management processes, reducing redundancy and improving efficiency. The bank has also built a modern, distributed data mesh architecture for analytical data management, making data more accessible, available, discoverable, secure, and interoperable. This has not only modernized the bank's overall data strategy but also improved everyday data consumption.

Quantitative Benefit

Established a critical data abstraction layer that limited the user impact of a platform migration.
Created standardized, reusable data domains.
Built a modern, distributed data mesh architecture for analytical data management.