Fast-tracking customer insights for retail banks with configurable data products
Imagine a vast library where only a fraction of the books are accessible—limiting the insights and stories you can discover. This is the data challenge many retail banks face when trying to gain a full view of customer transactions and behaviors.
To address this, a leading Fintech service provider partnered with Sigmoid to leverage first, second, and third-party data and create data products that can build new revenue opportunities by delivering timely insights to their clients.
Sigmoid built a comprehensive digital banking data platform using data mesh principles, combining data engineering, DataOps, and analytics to transform how the client accessed and utilized data. With this solution, they were able to reduce client onboarding time by 90%, sped up dashboard load times by 1.6x, and created a fully configurable platform for on-demand insights.
Want to uncover more? Dive into the complete case study here →
Proactive risk management with AI-driven RegTech
Large financial institutions might have to spend upwards of $10,000 per employee annually on regulatory requirements - an enormous drag on resources that could be better invested in strategic priorities. But what if there was a smarter, more efficient way to tackle this compliance burden?
Enter AI-driven RegTech. By leveraging advanced analytics, machine learning, and natural language processing, this transformative technology can reinvent how banks manage risk and navigate complex regulations. Robust data management lays the foundation, enabling RegTech solutions to accurately assess threats, detect suspicious activity, and generate reliable compliance reports. The result is a dramatic reduction in manual effort, human error, and wasted expenditure.
But the benefits of this RegTech innovation extend far beyond cost savings. Banks are now able to adopt a more proactive, adaptive approach to compliance - using AI to continuously monitor transactions, adapt to evolving regulations, and even anticipate emerging risks. This agility is proving essential in an environment of heightened scrutiny and rapid change.
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Building a smarter compliance system for global trade surveillance
For a global investment bank, staying compliant with strict regulations like MAR and MiFID was essential to ensure fair and transparent trading practices. But with a dated data infrastructure, ensuring regulatory compliance was a time-consuming process, bogged down by slow data mapping and an overwhelming number of false alerts.
Sigmoid built a trade surveillance model that could classify transactions and flag potentially fraudulent activity with remarkable precision.
Watch the full video to see how we helped the investment bank accelerate compliance and reduce false alerts by 65%!
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