Case Study: a leading U.S. bank saves $1.8M with Persistent Systems' unified risk and compliance data platform

Enabling the largest banking merger for a leading conglomerate with an integrated data hub

Persistent Systems worked with a leading U.S. bank facing a growing data and compliance challenge. As data spread across hundreds of siloed systems and a major acquisition added even more complexity, teams in risk, finance, and audit struggled to reconcile inconsistent information and avoid regulatory reporting errors.

Persistent Systems implemented its end-to-end data integration hub (iHub) on Oracle Financial Services Analytical Applications, centralizing and standardizing data from multiple source systems. The solution cleansed the bank’s data landscape by removing more than 1.8 trillion duplicate or erroneous elements, improved data mapping by 75%, and helped the bank save $1.8 million in total cost of ownership while strengthening compliance, reporting accuracy, and near real-time risk visibility.