Client: A leading Indian BFSI Enterprise
Industry: Banking
Challenges
The client’s existing systems were built on legacy databases and monolithic architectures, creating several operational and strategic roadblocks:
- Disconnected data silos across departments
- Delays in generating critical business reports
- High dependency on manual data extraction and cleansing
- Difficulty in meeting evolving BFSI compliance requirements
- Limited readiness for advanced real-time analytics and AI adoption
The organization needed a scalable, secure, and cloud-ready data architecture to drive real-time insights and faster decision-making.
Solution
Paramatrix adopted a structured, phased approach to deliver end-to-end data modernization:
- Assessment & Roadmap: Conducted a comprehensive discovery and mapped current systems to a target-state architecture using our Data Maturity Framework.
- Cloud-First Architecture: Reimagined the data landscape with a cloud-native architecture integrating data lakes, APIs, and microservices.
- Migration & ETL Automation: Migrated legacy data to modern platforms like Databricks and Azure for ETL automation using proprietary XSIGHT accelerator.
- Governance & Compliance: Set up a data governance council and integrated tools for lineage & profiling to automate BFSI compliance monitoring.
- User Enablement: Delivered self-service analytics dashboards and trained 60+ users for seamless adoption across business units.
IMPACTS
Report Generation Time
Reduced from 7 days to < 24 hours
Data Operations Cost
Reduced by 40%
Compliance Readiness
Achieved automated auditability
Decision-Making
Shifted from reactive to predictive