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Case Study
This Global Financial Services Company Uses Astera to Overcome the Challenges of Complex Client Data Integration.
Background
This diversified financial services holding company has subsidiaries worldwide engaged in investment and financial planning and investment banking. They also manage client assets exceeding a total of 400 billion dollars.
Use Case
With more than 6,000 financial advisors serving more than 2.5 million accounts in more than 2,500 locations throughout the United States, Canada, and overseas, the IT team for this company takes care of daily mass account transfers from incoming clients. Most of these clients have disparate data systems that use various formats. Frequently, data does not conform to existing layouts, causing delays in validating and processing. With new clients joining the company on a daily basis, they urgently needed a solution for delays in onboarding and transferring data.
Profile
This Global Financial Services Company handles more than 2.5 million accounts in over 2,500 locations around the United States.
Industry
Financial Services
Use Case
This company used Astera to conduct mass account transfers and integrate them into a single SQL database.
Results
The company was able to save significant time and resources.
Enter Astera
After conducting their research, the IT team chose Astera.
Astera offers a high-performance, scalable data management platform that allows businesses to meet today’s advanced business needs. Powered by an enterprise-grade parallel-processing engine, Astera gives access to data extraction, transformation, integration, and data warehousing all through a single platform.
The team was drawn to Astera because of its user-friendly, unified environment. Astera provided them a straightforward means to create the many complex data mappings needed to transform client account data into the company standard data format to be integrated into the server. Astera provides native connectivity to all the common file formats such as fixed length, delimited, Excel, COBOL, XML, and PDF, and supports all encodings. This enabled the team to address all of the disparate data formats and efficiently map and integrate incoming data into the company database. Using Astera, the Company was able to save significant time and resources by streamlining their process.
Authors:
Irfan Ahmed
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