Bank of Georgia has partnered with hybrid data company Cloudera to consolidate its customer and financial data, aiming to “streamline operations, accelerate product development, and support advanced analytics”.Bank of Georgia partners Cloudera for data lakehouseA statement by the US-based vendor says the bank has now installed a “centralised open data lakehouse that can scale rapidly to integrate data from multiple sources”.One of these sources is the bank’s digital platforms, which are said to support 1.4 million active users and facilitate two-thirds of all transactions.Prior to the implementation, which was conducted in collaboration with Cloudera implementation partner HTS, Bank of Georgia is understood to have expanded its intake of open-source tools to stream data from its databases.This intake includes more than 15 open-source products, such as Oracle, Elastic Search and MongoDB, which its four-strong DataOps team used to extract, load and transform (ELT) data processes.Through its partnership with Cloudera, the bank will now be able to stream wider data sets into the lakehouse using the vendor’s cluster computing framework and in-memory data processing engine, Apache Spark.Other benefits of the implementation include a “360-degree view” of customer behaviour, the ability to create “personalised offers and services”, and “better product recommendations” for customers, Cloudera’s statement continues.In comments, Vazha Pirtskhalaishvili, head of DevOps and DataOps engineering at Bank of Georgia, says the lakehouse is “truly integrated from a data security and governance perspective”, and has “taken integration pressure off our teams” to focus on “adding value by serving data to the rest of the business”.
Mer. Dic 25th, 2024
