Reduced Risk with Automated Controls
Customer Company Size
Large Corporate
Region
- Europe
Country
- Netherlands
Product
- Apama
Tech Stack
- Data Analytics
Implementation Scale
- Enterprise-wide Deployment
Technology Category
- Analytics & Modeling - Big Data Analytics
Applicable Industries
- Finance & Insurance
Applicable Functions
- Business Operation
Services
- Data Science Services
About The Customer
ING is a multinational banking corporation based in the Netherlands. It offers a wide range of financial services, including retail banking, direct banking, commercial banking, investment banking, asset management, and insurance services. With a vast customer base and operations across multiple countries, ING handles a significant amount of data related to trading activities. The bank needed to enhance its controls to monitor for rogue trading activities and market abuse effectively.
The Challenge
ING, a multinational banking corporation, was facing a challenge in monitoring rogue trading activities and market abuse. The bank had an overwhelming amount of data to analyze and needed to transition into data analytics. The existing manual controls were not sufficient to handle the vast amount of data and the complex regulatory requirements. The bank needed a robust, scalable, and flexible solution that could automate the monitoring process across the financial markets value chain.
The Solution
ING decided to implement Apama, an automated solution that could handle the vast amount of data and monitor for rogue trading activities and market abuse. A proof-of-concept showed that Apama was the right fit for ING's needs. The solution was global, robust, scalable, and flexible, meeting all of ING's requirements. Software AG, the provider of Apama, also stood out in terms of turnaround time, responsiveness, and ability to adapt to ING's needs. The delivery of the solution took only three months, demonstrating the efficiency and effectiveness of the implementation process.
Operational Impact
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