Case Study: Major Canadian Bank builds a centralized data centre of excellence with Alveo Technology

Canadian bank establishes ‘Centre of Excellence’ for data

A major Canadian bank faced significant challenges with data management duplication across its various business lines. Seeking to enhance its security master data and end-of-day pricing, the bank selected Alveo's Prime platform to establish a centralized data management function.

By implementing Alveo's Prime as its automated enterprise data management system, the bank created a one-stop-shop for data. The solution consolidated over 50 data feeds, servicing 35-40 downstream systems. This resulted in the management of 1.2 million unique securities, up from 100,000, and 30 million data objects, a massive increase from 500,000. Alveo's platform delivered improved operational efficiency, faster time to market, significant cost savings, and a strong foundation for regulatory compliance.