Banking News

Denodo Korea Helps Kakao Bank Modernize Its Data Analytics Platform

Denodo Korea Helps Kakao Bank Modernize Its Data Analytics Platform
Denodo platform enables easy and rapid data analysis and utilization with superior data integration capabilities
    Denodo Korea, a global leader in data management, announced that it has provided Kakao Bank with Denodo Platform, a logical data integration and management solution, to support data analysis and utilization.
    Together with its local partner, Planit Partners, Denodo provided Kakao Bank with the Denodo Platform, which provides all the features needed to build a logical data fabric, including real-time integration, management, and distribution of data using data virtualization technology. Through data virtualization technology that logically integrates disparate data repositories, the Denodo Platform not only meets the requirements for data analysis, including providing the latest data, but also enables a centralized environment for establishing a fine-grained and robust data security and governance system.

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    The integration of disparate data sources, namely the logical integration of diverse source data repositories, provided by Denodo, improves the efficiency of the entire data management process by enabling quick data discovery, streamlining data operations, and unified management of access authorities. In addition, Denodo’s data catalog function, which analyzes data inquiry history to recommend customized data and notify frequently sought data, improves the efficiency of the entire data process by enabling easy access to data.
    “We expect to be able to analyze data more efficiently through the data virtualization technology of the Denodo Platform,” said the Modern Data Platform team at Kakao Bank.

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    “I am very pleased to have Denodo as a partner in Kakao Bank’s journey to become a data-driven company that provides innovative financial services based on its excellent IT technology capabilities,” said Myounsun Namkung, Country Manager of Denodo Korea. “As a global leader in data management, Denodo has helped companies in various industries, including finance, achieve their business goals and gain competitive advantage based on optimal data management strategies, and we will continue to actively introduce Denodo’s differentiated technology and global capabilities to Korean enterprise customers.”

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