Creation of a market-leading data strategy and DaaS architecture

The Solution

• Digiterre worked with the bank’s Securities Service division to develop a new Data Mesh architecture, which brought together 240 of the bank’s Enterprise Systems, to create a state-of-the-art DaaS for its clients. The new architecture provided an integrated view of client data, including new data products that can be monetised given the insight and value they provide to clients. The new architecture also ensured a federated model of data ownership, adherence to data governance and operational rules, and common technology services to present information in a consistent way.
• Digiterre completed and approved the target design for DaaS, assessing the existing capabilities for implementation, and prioritising the roadmap for implementation. This included the design of the storefront for data, which enabled developers and analysts to access datasets from across the organisation, and the creation of a catalogue, lineage tooling and design tooling to automate data governance rules, and accelerate the implementation of data products.
• Aggregated and real-time net asset value (NAVs) are a key example of a high value data product we worked with during the project. The bank has multiple accounting systems that produce NAVs, existing in different formats and data structures. One of the key objectives was to bring these into a Data Mesh where they could be consolidated into a standard formatted NAV that was presented to clients. This meant clients could receive data from their NAV, regardless of the underlying technology used to pull the data.