Kutxabank is one of Spain’s leading banks, created in 2011 with the merging of three Basque savings banks: Bilbao Bizkaia Kutxa (BBK), Kutxa and Caja Vital.
Kutxabank has chosen to take its data strategy to the next level by implementing a cutting-edge and scalable solution. The decision was based on the bank’s need to be able to manage high volumes of data and increase its storage capacity, thereby reducing costs and making its environments easier to manage.
To achieve this, the bank opted for Cloudera Data Platform (CDP) and chose Ayesa to design, develop and carry out the migration. As a result, Kutxabank is now able to detect phishing and cyberfraud, create clusters of customers, enhance the banking experience, and provide effective advice on investing in cryptocurrencies. Throughout the project, Ayesa accompanied Kutxabank on its digital transformation journey towards big data.
By implementing Cloudera technology and drawing on the expertise and experience of Ayesa, Kutxabank now has an optimal, modern platform which meets the highest of standards. Furthermore, by switching from a traditional data warehouse to a big data solution, it now has access to more powerful analytics features.
Thanks to CDP, the bank has increased its advanced analytics capabilities by 80% and the secure management of its data environments by 25%. Moreover, the new platform has increased end-to-end encryption and the bank is now able to comply with the requirements of the European Central Bank (ECB) on data masking much more easily.
Since its migration to CDP, Kutxabank has not only increased the efficiency with which it manages its data, but is also looking into new emerging technologies, such as artificial intelligence, in order to enhance the agility of its operations.
