Macquarie Group Utilizing DataStax Enterprise

Sept. 7 — DataStax, the leading provider of database software for cloud applications, today announced that global financial services provider Macquarie Group leverages DataStax Enterprise (DSE) to help deliver a world-class digital customer experience for the company’s Banking and Financial Services Group.

“We looked at the experience consumers receive from popular social media sites, search engines and video and music streaming services, and saw an opportunity to use leading edge technology to bring the same personalized and intuitive experience to banking,” said Luis Uguina, Chief Digital Officer for Macquarie’s Banking and Financial Services Group. “To do this, we needed a scalable technology platform able to provide real-time value, and working with DataStax Enterprise has enabled us to be more nimble and utilise the most up to date technological capabilities available.”

“It’s been an exciting journey working with Macquarie as they built a digital banking experience that gives so much power to customers in such an intuitive way,” said Billy Bosworth, CEO, DataStax. “Our teams have been able to bring together the collective learnings and paradigms of technology leading organizations to provide consumers a level of personalization not typical in the banking industry.”

Building Macquarie’s Digital Banking Capability

Macquarie is dedicated to building innovative customer experiences and has chosen DataStax Enterprise and its powerful search and analytics capabilities to help drive digital transformation. Macquarie needed a scalable and real-time environment to capture and analyze fast-occurring events and data streams to provide consumers with quick and personalized financial insights. This meant large volumes of transactional data, events and actions needed to be accessible at high speeds and stored for a long period of time. It also meant augmenting the data collected from the customer with information sourced at enterprise levels to provide meaningful and searchable analysis. Macquarie’s architecture also had to be able to respond to the ever-changing needs and demands of future customers, regulators and technologies.

Using DSE, Macquarie built a market-leading retail banking suite and innovative digital experience to empower its customers in Australia. It adapts to customer behavior, predicts their needs and thinks like their customers do, with many features that are a first of their kind in Australian banking. The high-performance search and analytics capabilities of DSE enable instant access to data without time-consuming or costly ETL processes to move data between systems. As both search and analytics are core capabilities of DSE, Macquarie is able to deliver transformative real-time value at the scale their business demands.

“Our digital offering will continue to evolve based on feedback from customers. We’re taking a highly agile approach by delivering customer-requested changes quickly and will also be giving early adopters of our products access to our beta environment to test our innovations,” said Uguina.

Macquarie Banks’ Banking and Financial Services Group Digital Architect, Rajay Rai, will be presenting at Cassandra Summit 2016, and addressing how Macquarie Bank is using DataStax Enterprise to help power its digital banking transformation. A replay of the Cassandra Summit 2016 keynote will be available here.

About DataStax

DataStax, the leading provider of database software for cloud applications, accelerates the ability of enterprises, government agencies, and systems integrators to power the exploding number of cloud applications that require data distribution across datacenters and clouds, by using our secure, operationally simple platform built on Apache Cassandra.

Source: DataStax