Talend (NASDAQ: TLND), a global leader in cloud data integration and data integrity, today announced that Seacoast Bank (NASDAQ: SBCF), will deploy Talend Data Fabric to deliver trusted data and ensure regulatory compliance.
With Talend, Seacoast Bank is able to address stringent regulatory banking requirements, reduce costs by automating data quality tasks, and speed up analysis.
Data governance for the financial industry
“Being heavily regulated, banks understand the need for data governance more than any other industry,” said Mark Blanchette, SVP, director of data management and business technology, Seacoast Bank. “That made it easier for us to put in place this innovative data quality framework that facilitates compliance. More importantly, it helps us be responsible data caretakers who can rely on high-quality data to better know and serve our customers.”
Talend Data Fabric has streamlined review processes and enabled bank personnel to focus more on their core mission instead of manual processes intended to ensure data quality. To do this, Seacoast Bank built a data quality index as part of its overarching data governance program. The index uses Talend to make data quality understandable to business users throughout the organization.
It measures data quality on six dimensions: accuracy, completeness, conformity, consistency, uniqueness, and validity. Using a scale of 0 to 100, the index is a single measure that provides an overall indication of the level of data quality at Seacoast Bank. It also measures data quality over time to track how it improves or degrades as the bank acquires other banks and new data sources, processes, or technical environments are introduced.
Better data quality means better analytics
“We are proud to be part of Seacoast Bank’s innovative approach to governing data,” said Ciaran Dynes, SVP of Products at Talend. “By making it less complicated to achieve quality data, our customers can spend more time focusing on analysis and maximizing their business benefits.”