Emirates NBD, a leading financial institution in the Middle East, is pleased to announce that it has received the “Best Big Data Implementation in Banking for Next Generation Analytics” Award from Infomatica, the world’s enterprise data management leader.
The award recognises Emirates NBD’s efforts as the first bank in the region to establish a fully-automated ingestion framework as it prepares to launch its Enterprise Data Platform (EDP). The EDP is scheduled for imminent launch and represents a key capability for Emirates NBD’s four-year AED 1 billion digital transformation strategy.
The EDP’s ingestion framework uses Infomatica’s Big Data Management tool, leveraging meta-data with full automation and scalability, and the ability to load thousands of internal and external bank data sources. By providing high-speed data ingestion and integration, this will deliver a critical foundation of the bank’s EDP to ultimately achieve large volumes of unified data access across Emirates NBD.
Commenting on the award win, Abdulla Qassem, Group Chief Operating Officer, Emirates NBD said: “As part of our AED 1 billion digital transformation, we are committed to better harnessing our big data to deliver analytics that ultimately enhance our customer experience. We are delighted to be recognised by Infomatica for our innovation and market-leading efforts in building a fully automated and scalable ingestion framework for our EDP. With this foundation in place, we are now very well positioned to have a fully-functional EDP by early 2019 to rapidly discover actionable insights and operational analytics from our business data in a protected, controlled environment.”
Kash Rafique, Managing Director for Informatica’s Middle East Africa business added: “This really is a tremendous achievement and I am honored to present this award to Emirates NBD. We recognise this hallmark achievement and the innovation that Emirates NBD is delivering with cutting edge technology to work more effectively with data frameworks. This is one of the largest Informatica deployments of big data management of its kind within the banking and financial sector in the Middle East region. This enhancement of client capabilities into next generation analytics to drive business outcomes is part of our core mission to accelerate our client’s data driven transformations. I am delighted that Emirates NBD has partnered with Informatica to form this strategic engagement.”
Emirates NBD’s four-year digital transformation is now in its second phase. The transformation initiative was announced in 2016 and includes an end-to-end upgrade of Emirates NBD’s capabilities across data, as well as IT architecture, infrastructure and security, and in terms of its IT-business model.