Saxo Financial institution companions with Thoughtworks to leverage enterprise information for enhanced buyer expertise
Thoughtworks helped the bank achieve this vision by building a data governance platform that enables a self-service data catalog with high quality data sets. The platform complements the bank’s new Stream-First data platform and enables the effortless creation and use of databases. Implementing data governance with Thoughtworks’ data mesh principles alleviated challenges related to data visibility, quality, and access, as well as building data trust and self-service capabilities.
The data governance solution developed in the course of the digital partnership enabled teams and decentralized decision-making. This enabled the bank not only to advance its open banking goal, but also to continuously improve it.
“Saxo has been on the way to a federated data architecture since the end of 2018. During this time we relied heavily on the leadership role of Thoughtworks in the emerging field of ‘data mesh’ mesh, Thoughtworks was at the top of our list as a consulting partner. Over the course of a 15-month commitment, the Thoughtworks team has proven to be an important partner in shaping, but also realizing our vision, “said Graham Stirling, Head of Data Platforms at Saxo Bank.
Sudhir Tiwari, Managing Director of Thoughtworks in India said of the strategic partnership, “As a digital native disruptor, we have been able to work effectively with Saxo Bank and bring them closer to realizing their ambitious vision of monetizing data through an open banking platform on the whitelist, building platform ecosystems and data-driven business models by adopting data mesh principles to meet their challenges. “
About thought work
Thoughtworks is a global technology consultancy that integrates strategy, design and engineering to drive digital innovation. We are more than 9,000 employees in 48 offices in 17 countries. Over the past 25+ years we’ve made exceptional impact with our customers by helping them solve complex business problems using technology as a differentiator.
About Saxo Bank
Saxo Bank is one of the largest online investment banks in Europe. Saxo specializes in fintech and regtech: connects traders, investors and partners with over 35,000 instruments – across all asset classes – from a single account.