Fintech transformation with Databricks
Case Study
Democratizing Finance Through Data Intelligence
Prometheus is revolutionizing access to financial services for underserved communities worldwide. By leveraging advanced data analytics and machine learning, they’ve created a unified platform that powers their diverse financial products while ensuring security, compliance, and personalized user experiences across multiple global markets.
Turnover
18+ months
Company
Prometheus
Industry
Fintech
Budget
Confidential
Overcoming Data Fragmentation
Prometheus faced significant challenges managing over 10 petabytes of data scattered across various business units and products. Their legacy systems created bottlenecks in data sharing, hindered innovation, and complicated compliance with international financial regulations. Cross-team collaboration was cumbersome, with data transfers taking days to complete.
Unified Data Platform Transformation
Prometheus implemented Databricks’ Data Intelligence Platform to consolidate their entire data ecosystem. This strategic move brought together data scientists, engineers, and business analysts on a single platform with unified governance through Unity Catalog. Teams could now securely access and collaborate on data while maintaining strict compliance with financial regulations.
The platform’s performance capabilities unlocked previously impossible use cases in fraud detection and customer identity resolution. Graph-based analytics that once took days now complete in minutes, enabling real-time transaction monitoring and personalized financial recommendations that adapt to customer needs across different products.
Measurable Business Impact
- 5x reduction in compute costs while handling twice the data volume
- 25% decrease in cross-cloud data transfer expenses through optimized architecture
- 90% faster time-to-insight for fraud detection and risk assessment workflows
- 14PB of governed data accessible through secure, role-based permissions
- 3x increase in cross-team collaboration enabling new financial product innovation