In the age of Automation and Big data analytics, it’s important to modernize a DW environment to keep it competitive and aligned with business goals. After all, a data warehouse (DW) is the foundation for a successful BI program. An efficient DW unlocks and delivers right information at the right time aiding critical business decisions.
The real challenge comes in building one in the most resource and cost-efficient way possible. In a typical banking day, Data integration happens between many disparate systems like Temenos T24 Core banking, Payment, Credit, Risk, Budget and many more 3rd party systems.
At the end, banks need to select a tool which is compatible with universal & unique data formats, integrate them and ultimately deliver a well-designed EDW with following characteristics.
- Able to Transform XML format into RDBMS format – Normalization
- ETL huge amount of data in less time (E.g. 1 million records in less than 5 minutes)
- Integrate with Temenos T24 environment seamlessly
- Facilitate online/near real-time reporting
- Automate end to end ETL process
- Should provide single version of truth (SVoT)
- Should be scalable
- Should support OLAP functions
Choosing a solution such as EFICAZ – DW Suite helps organizations building an efficient data warehouse.
EFICAZ is a native TEMENOS T24™ Browser based and Automated DW solution. EFICAZ seamlessly integrates, Extracts directly from T24, Transforms and Loads into files or relational database format. Thus creating a strong base for reporting and maintenance of data where all your key data can be stored and available for consolidated reporting, analysis and dashboards.
Should you wish to see EFICAZ in action, Register for Demo.