Community bank unifies customer data with its [i]first cloud-native data lake[/i]
Locality Bank built a data lake and BI system it owns, with automated reporting.
The challenge
The challenge
The challenge
The challenge
The challenge
Customer data sat in silos, and [i]every report was built by hand[/i].
Customer data sat in silos, and [i]every report was built by hand[/i].
Customer data sat in silos, and [i]every report was built by hand[/i].
Customer data sat in silos, and [i]every report was built by hand[/i].
Customer data sat in silos, and [i]every report was built by hand[/i].
Locality Bank, a digital-first community bank in South Florida, has grown to $396M in assets since it launched in 2021. It needed a full view of each customer and faster, compliant reporting.
Siloed customer data
Siloed customer data
Siloed customer data
Siloed customer data
Siloed customer data
Without a 360-degree view of each customer, personalized service and targeted offers were hard to deliver.
Manual reporting
Manual reporting
Manual reporting
Manual reporting
Manual reporting
Building reports was slow and limited, which pulled valued team members away from decisions.
Data ownership
Data ownership
Data ownership
Data ownership
Data ownership
Data had to be extracted from the core and other sources before fintech integrations could use it.
Compliance
Compliance
Compliance
Compliance
Compliance
Audit tracking and safeguards had to protect sensitive customer information throughout.
The vision for Locality Bank
The vision for Locality Bank
The vision for Locality Bank
The vision for Locality Bank
The vision for Locality Bank
Locality Bank wanted a centralized data lake it owns, built on serverless AWS, with automated reporting, a single view of each customer's full relationship with the bank, and consolidated audit reports that streamline compliance.
What Praxent did
What Praxent did
What Praxent did
What Praxent did
What Praxent did
A secure AWS data lake the bank owns
A secure AWS data lake the bank owns
A secure AWS data lake the bank owns
A secure AWS data lake the bank owns
A secure AWS data lake the bank owns
Praxent launched the data lake as Locality's first cloud-native workload on serverless AWS architecture, with bank-grade controls from AWS Landing Zone Accelerator.
Serverless data lake owned by Locality Bank
Serverless data lake owned by Locality Bank
Serverless data lake owned by Locality Bank
Serverless data lake owned by Locality Bank
Serverless data lake owned by Locality Bank
Automated reporting through AWS data pipelines and QuickSight
Automated reporting through AWS data pipelines and QuickSight
Automated reporting through AWS data pipelines and QuickSight
Automated reporting through AWS data pipelines and QuickSight
Automated reporting through AWS data pipelines and QuickSight
Customer relationship report built from six data sources
Customer relationship report built from six data sources
Customer relationship report built from six data sources
Customer relationship report built from six data sources
Customer relationship report built from six data sources
Insurance tracking compliance report merged into one export
Insurance tracking compliance report merged into one export
Insurance tracking compliance report merged into one export
Insurance tracking compliance report merged into one export
Insurance tracking compliance report merged into one export
Infrastructure as code gives the bank control, auditing and change tracking over its environment, and a foundation for future fintech integrations.
Praxent's impressive skillset and digital-first, future-forward focus aligns closely with our value proposition. As a result of this engagement, we can leverage our data and uncover powerful, real-time insights that will ultimately enhance our award-winning services for local businesses across South Florida.
