BearingPoint supported NORD/LB to implement a virtual data platform as a crucial building block in their data management strategy. The platform enables self-service business intelligence for better business insights and decision-making, as well as improved reporting processes, with higher data quality and less manual effort.
BearingPoint supported NORD/LB with the implementation of a cloud-based solution that modernizes their data processing and reporting functions. To demonstrate the platform’s concept, a first-use case was implemented and components for the reporting of the SRB Data Valuation Set were delivered.
By leveraging the Data Mesh approach, aligned to NORD/LB’s new data management strategy, BearingPoint built the platform using Microsoft Azure and combined four key components. As a result, data from multiple sources is integrated in real-time using Apache Kafka based on a business data model. The data is further classified and structured according to the internally defined business object model, saved in a document store (Microsoft Cosmos) and converted into a consumable format (Microsoft Synapse). Subsequently, Data Virtuality & PowerBI are enabling the business to enhance, combine, and visualize the data in a self-service manner.
By investing in this modern reporting platform, NORD/LB will be able to streamline its reporting processes and reduce manual effort. As a result, business departments will be able to react faster and more flexibly to upcoming internal and external requirements.
NORD/LB (Norddeutsche Landesbank) is one of the leading German commercial banks. As an institute under public law, it is part of the S-Finance Group. The core business areas include corporate customers, specialized financing in the energy and infrastructure sector as well as for aircrafts, the financing of commercial real estate via Deutsche Hypo, capital market business, association business with the savings banks and private and business customers including private banking. The bank is headquartered in Hanover, Brunswick, and Magdeburg and has branches in Oldenburg, Hamburg, Schwerin, Düsseldorf, and Munich. Outside Germany NORD/LB is represented by a Pfandbrief Bank (NORD/LB Covered Bond Bank) in Luxembourg and has branches in London, New York, and Singapore.
