By leveraging Delphix's capabilities, banks can drive operational efficiency, accelerate innovation, and deliver reliable and convenient products and services to their customers.
This article was originally published on the Delphix website
here August 23, 2023.
Due to the rapidly changing market, banks must embrace digital innovation to stay ahead of the competition and meet customer expectations. Delivering reliable and convenient products and services requires faster digital delivery, efficient data management, and streamlined processes. However, traditional data provisioning methods and compliance requirements often clash with agile DevOps practices, leading to data bottlenecks and increased costs. In this blog post, we will explore how Delphix, a leading data management platform, can help banks overcome these challenges and unlock the full potential of digital transformation.
Faster Digital Delivery for Better Customer Outcomes
The digital revolution has raised customer expectations for seamless and efficient banking experiences. Banks need to ensure their digital delivery processes are faster and more reliable to meet these demands. By leveraging Delphix, banks can accelerate software development cycles, reducing time-to-market for new products and services. This enables banks to remain competitive in the digital banking landscape, providing better customer outcomes while lowering costs to income ratio.
Improving Data Management Operations
Inefficient data management processes can hinder a bank's ability to innovate and deliver customer-centric solutions. Delphix eliminates high volumes of inefficiencies within development and data teams by providing a centralised platform for data management. It enables data virtualisation, ensuring that developers and testers have access to high-quality data without the need for multiple copies or time-consuming data provisioning processes. This streamlines operations and allows teams to focus on delivering value to customers.
Self-Service Data Delivery for Competitive Advantage
In the era of digital transformation, speed and agility are critical for banks to stay competitive. Traditional data provisioning methods often introduce delays, hindering the efficiency of DevOps teams. Delphix offers a self-service data delivery approach, empowering DevOps teams to quickly access and refresh data environments on-demand. This reduces the time taken to deliver data, enabling banks to respond rapidly to market demands and deliver innovative solutions in a timely manner.
Overcoming Data Bottlenecks and Ensuring Compliance
The volume of bank data has grown exponentially, and compliance with data privacy regulations is crucial. Legacy data provisioning processes and the need for data compliance can clash with faster, more automated DevOps practices, creating data bottlenecks that impede developers from accessing high-quality data for testing. Delphix resolves this challenge by providing data masking capabilities, enabling banks to create anonymised copies of sensitive data for development and testing purposes. This ensures compliance with regulations such as APRA while reducing IT operating expenditures and speeding up time to market.
In a rapidly evolving market, banks must embrace digital innovation to meet customer expectations and remain competitive. Delphix offers a comprehensive solution to overcome the challenges faced by banks, including faster digital delivery, improved data management, self-service data delivery, and compliance with data privacy regulations. By leveraging Delphix's capabilities, banks can drive operational efficiency, accelerate innovation, and deliver reliable and convenient products and services to their customers. Keeping pace with digital innovation is not just an option but a necessity for banks to thrive in the digital age.