Skip to main content

Unlocking Data Potential: Modernizing Financial Data Warehousing with AWS Cloud Solutions

article banner

Overview.

A leading financial services organization faced challenges with its legacy data warehousing system, leading to delayed data availability and compromised data quality. Coforge transformed the data processing landscape by implementing an AWS cloud-based enterprise data lake and warehouse solution, utilizing Snowflake and AWS technologies. This modernization aimed to enhance data accessibility, improve data quality, and streamline business reporting.

Challenges.

The client faced significant challenges with its on-premises data processing system:

  • Delayed data availability
  • Compromised data quality
  • Inefficiencies in data ingestion and processing
  • Limited data accessibility for business reporting

Solutions.

Coforge designed and implemented a comprehensive AWS cloud-based data solution, utilizing the following technologies and approaches:

  • Cloud-Based Architecture: Deployed Snowflake as the enterprise data warehouse (EDW) and data lake for scalable, future-ready architecture.
  • Streaming Data Processing: Integrated Kafka for real-time data streaming and Snowflake for processing, providing live dashboards with Power BI.
  • Data Replication: Used StreamSets for efficient data replication from system databases, supporting robust ETL processes.
  • Centralized Management: Established centralized governance for reference data, enhancing data quality and management.

Key Highlights:

  • Improved Data Availability: Ensured timely data access for business users with optimized and meaningful data.
  • Enhanced Data Quality: Achieved a 40% improvement in data quality through direct source system ingestion and optimized loading.
  • Efficient Reporting: Delivered 90% of reports on time, significantly boosting business reporting efficiency.

The impact.

90Days

Time for complete data warehousing transformation

40%

Improvement in data quality

90%

On-time report delivery

Bring us your challenge.

Let’s Coforge your next success story.

Related reads.

WHAT WE DO.

Explore our wide gamut of digital transformation capabilities and our work across industries.

Explore