Intelligent Fin.tech Issue 34 | Page 20

EBOOK

L A T E S T

I N T E L L I G E N C E

The Data Intelligence Platform for Financial Services
PRESENTED BY

THE DATA INTELLIGENCE PLATFORM FOR FINANCIAL SERVICES

Driving Innovation and Transformation
Data intelligence has become the cornerstone of success for today’ s evolving financial landscape. Databricks, a pioneering data and AI company, is at the forefront of this transformation with its Data Intelligence Platform, revolutionizing how financial institutions harness the power of their data assets and AI capabilities.
Recognized as a leader in the Gartner ® Magic QuadrantTM for Data Science and Machine Learning and for our Cloud Database Management System( DBMS), the Databricks Data Intelligence Platform has distinguished itself in the crowded field of data management and analytics through its innovative approach and rapid expansion into AI development.
The Databricks Difference
Our open lakehouse architecture and unified data platform can handle all data types, setting it apart from traditional cloud solutions. This unique positioning has attracted significant investor interest, with Databricks being valued at $ 62 billion in 2024, which makes it one of the most valuable unicorns in the world.
Delivering value across the financial services industry
The Databricks Data Intelligence Platform is built to address critical business imperatives in the industry:
Driving Growth
By leveraging data and AI, financial institutions can identify new revenue streams, enhance customer experiences, and accelerate product innovation. Discovery Bank combines data and actuarial science with behavioral economics, AI, and machine learning( ML) to create data products and hyperpersonalized experiences that reward healthy banking habits and lower financial risk. This approach helped one company achieve in a 40 % uplift in customer engagement impact and a substantial return on investment. �
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