Presented By O'Reilly and Cloudera
Make Data Work
September 25–26, 2017: Training
September 26–28, 2017: Tutorials & Conference
New York, NY

A winning combination: The power of big data and the democracy of information (sponsored by Paxata)

Santhosh Mahendiran (Standard Chartered Bank)
2:05pm2:45pm Wednesday, September 27, 2017
Sponsored
Location: 1A 04/05

What you'll learn

  • Learn how Standard Chartered Bank used Paxata, a Spark-based data preparation platform, to create a global view of its customer list, detect fraud, identify transactions made by politically exposed parties, and automate its regulatory compliance reporting

Description

Standard Chartered Bank (SCB), a multinational banking and financial services company operating a network of 1,200 branches across 70 countries, uses big data to monitor money laundering activities and reduce compliance reporting time. To manage billions of transactions made all around the world, from internal systems across the bank’s network, ATMs, tellers, and credit transactions to those originating from external sources such as money transfers or person-of-interest lists, SCB invested in a data lake strategy. However, even with a dedicated staff of 70+ analysts, the bank consistently had a backlog of transactions pending preliminary review in order to detect activities that required further investigation and reporting.

The scale and complexity of data—and the prolonged back and forth between business and IT to create data transformation routines—prompted the bank to invest in automation, machine learning, and self-service data prep technologies. Santhosh Mahendiran explains how Standard Chartered Bank used Paxata, a Spark-based data preparation platform, to create a global view of its customer list, detect fraud, identify transactions made by politically exposed parties, and automate its regulatory compliance reporting.

Topics include:

  • SCB’s journey to automate its data pipelines
  • Adoption of big data at SCB and how it is transforming the way data is consumed
  • Democratization of data for lines of business that operate across 42 markets
  • How Paxata’s information platform has made this strategy a reality in a remarkably short period

This session is sponsored by Paxata.

Santhosh Mahendiran

Standard Chartered Bank

Santhosh Mahendiran is global head of technology at Standard Chartered Bank. An industry-recognized leader in the BFSI sector, Santhosh has 15+ years of experience spread across a wide range of systems and technologies, spanning conceptualizing, building, and managing variety of core banking systems, state-of the art frontend systems (both customer and staff facing) coupled with APIs, data analytics, and business intelligence platforms, and over his career has taken initiatives to improve and streamline business and IT processes that directly or indirectly generates revenue and decrease company running cost. Santhosh is extremely passionate about technology innovations, process improvements, and bringing the best out of people working with him. He is a regular speaker in various tech forums and events across the globe. He’s also an active squash player in the Singapore league. Santhosh holds dual master’s degrees in computer applications and software engineering from the National University of Singapore.