Solix Launches Data-driven Banking
Common Data Platform based on Apache Hadoop enables low cost, bulk data storage, advanced analytics, and data-driven applications for banking industry organizations.
September 25, 2017 — Santa Clara, Calif. and New York – Solix Technologies, Inc. (www.solix.com), a leading big data application provider, today announced Data-driven Banking, an application framework for commercial banks, retail banks, investment banks, brokerages, and wealth management organizations. Data-driven Banking applications leverage the Solix Common Data Platform (CDP) for infrastructure optimization, low-cost bulk data storage, data governance, advanced analytics, and downstream data-driven NOSQL applications.
The Solix CDP for banking archives or copies enterprise data “as-is” including transactions, social data, documents, files, images, and videos from online data tiers to an enterprise repository based on Apache Hadoop. Data governance is policy based and supports critical compliance guidelines such as Sarbanes-Oxley, GLBA, GDPR, and SEA Rule 17a-4-finra. Once loaded into the Solix CDP, enterprise data is available for text search, structured query and schema on read, data-driven applications such as advanced analytics, and downstream NOSQL processing.
As Gartner stated in its 11 November 2016 “Predicts 2017: Digital Initiatives Must Focus On Long-Term Transformation To Avoid Failure” report:
“Banks are looking to both improve customer experiences and drive digital transformation while navigating the hype around fintechs and startup challenger banks.”
The Solix CDP for Banking is deployed at multiple Fortune 50 and top 20 banking institutions.
“Data governance and security challenges are table stakes in today’s banking industry,” said John Ottman, Executive Chairman at Solix Technologies, Inc. “A common data platform approach not only manages risk and compliance, it also provides the ideal platform for data-driven applications.”
To learn more about the Solix Common Data Platform for Banking, click here, or visit the Solix booth #511 at Strata Data Conference in New York from September 25–28, 2017.
About Solix Technologies
Solix Technologies, Inc., is a leading big data application provider that empowers data-driven enterprises with optimized infrastructure, data security and advanced analytics by achieving Information Lifecycle Management (ILM) goals. Solix Big Data Suite offers an ILM framework for Enterprise Archiving and Enterprise Data Lake applications with Apache Hadoop as an enterprise data repository. The Solix Enterprise Data Management Suite (Solix EDMS) enables organizations to implement Database Archiving, Test Data Management (Data Subsetting), Data Masking and Application Retirement across all enterprise data. Solix Technologies, Inc. is headquartered in Santa Clara, California and operates worldwide through an established network of value added resellers (VARs) and systems integrators. To learn more, please visit https://www.solix.com
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