Delta Capita launches Big Data as a Service platform for financial services
Delta Capita, a management and consulting firms for the financial services industry, has launched a new Big Data-as-a-Service Platform. The SaaS platform, named Delta>Data, offers banks, insurance companies and other financial service institutions with a suite of solutions and an infrastructure to support their big data and analytics endeavours.
The release of Delta>Data comes at a key time for the industry, says the firm, as legacy systems inhibit a bank’s ability to get the most out of big data. A recent study by EY for instance found that, in the face of the increasing volume of data, executives globally are increasingly struggling to deliver effective reporting and insights based on big data.
With the amount of data waiting to be gathered and analysed growing at an astronomical rate, companies in all sectors are coming under pressure to tap apply data analytical rigour to improve their decision-making. Improved insights not only can feed into processes for improving customer service, but also serve as a backbone to professionalise sales & business development through better segmentation and targeting, and ramp up the efficiency of internal operations.
Delta>Data
With its new Delta>Data platform, Delta Capita, the consulting firm aims at helping clients get the best out of their data. In line Delta Capita’s focus on the financial services industry, Delta>Data is also built to serve representatives from banks, insurance companies and other financial institutions.
The platform provides users with access to pre-built solutions for among others algorithms, workflow, rules engine and dashboarding, all of which speed up delivery of functionalities, and also enable clients to quickly implement solutions specific to their individual data requirements. The offering, which be deployed on the cloud or on premise depending on the individual circumstances, combines Delta Capita’s decade long experience in the industry with cutting-edge big data and machine learning technologies.
One of the first uses cases to be launched within the Delta>Data platform is Delta>AML, a product that helps banks improve the way they manage and monitor their regulatory Anti Money Laundering (AML) activities. “As financial fraud continues to evolve, fresh thinking is required. Extending our Delta>Data platform to deliver a Next-Generation Big Data Analytics AML solution further proves the strength of our platform to solve complex data challenges,” said, Delta Capita Adrian Soars, who prior to joining the consulting firm this year, fulfilled several leadership roles at Perfect Storm Technology, Standard Chartered Bank and Deutsche Bank in London.
In another recent move to bolster its technology offerings to clients, Delta Capita earlier this year hired Mark Aldous from Swiss bank Credit Suisse to leads the firm’s managed services business – one of the firm’s four arms next to its management consulting, technology consulting and solutions practices. The service line provides a combination of on-site, off-site and offshore outsourcing services to players in the financial services space, delivered by the firm’s London and Johannesburg offices.
