Case Study: ING centralizes financial data management with Alveo Technology

ING chose Prime to cleanse, validate and transform data prior to feeding it to business applications

ING, a major global bank, faced significant challenges with its fragmented financial data management. Each business unit independently sourced and managed its own data, leading to inconsistent figures that were difficult to reconcile for internal and regulatory reporting. This process was inefficient and lacked crucial audit trails. ING needed a centralized and scalable enterprise-wide solution to acquire, cleanse, and validate all its financial data into a single source of truth.

Alveo delivered its flexible and scalable data management platform, which enabled ING to centrally manage all financial data. The solution streamlined data processes, allowing for quick responses to application requests and eliminating previous reconciliation burdens. This provided ING with the ability to produce consolidated reports with full transparency and audit trails. The implementation by Alveo empowered the bank to efficiently meet both business and regulatory demands.

ING