Lloyds Banking Group has been awarded this year’s data accolade for its Digital Analytics System Delivery (DASD) project.
The goal was to build a data environment that could be used to derive predictive models for fraud detection. Lloyds Banking Group partnered with Hortonworks to create a data analytics platform and integrated a data science toolkit suite.
The DASD platform infrastructure and application components enable improved ingestion, transformation and processing of data via distribution and storage of multiple sources.
By partnering with Hortonworks, the Group was able to put into place an integrated Hortonworks Data Platform solution which utilised its component library to standardise batch, micro-batch and near-real time data ingestion. These solutions allowed for ingestion and resiliency in line with standards for a variety of sources, including high-speed messaging, file transfer and databases.
The end solution enabled a 360 view of a customer journey across multiple interaction points, all in one location. As the threat for fraud continues to grow, Lloyds Banking Group continues to enhance protection through these new technologies to become the best bank for customers.
“With a legacy of multiple, disparate data sources and functional barriers, we found we were artificially hampered in our ability to efficiently analyze data to determine fraud patterns,” explained Andy Renshaw, Head of Digital Fraud Prevention at Lloyds Banking Group.
“Our aim was to introduce a single platform to combine, analyse, and apply the latest machine learning techniques to enhance our existing customer protection capabilities with new technologies and methods of analysis.”
For more examples of how companies are using Big Data and Hortonworks in financial services, visit: https://hortonworks.com/solutions/financial-services/
For customer case studies, visit: https://hortonworks.com/solutions/financial-services/