Transforming Payment Risk Management for Financial Institutions
The client is a leading provider of fintech solutions
About the Customer
The client specializes in providing solutions that empower financial institutions and fintech companies to effectively understand and act on payment risks. Their services focus on connecting and unifying data, proactively managing risk, and ensuring compliance with regulatory requirements.
HR Data Hub is in the market to become the bridge between you and your employees. It’s an innovative platform that simplifies the way companies access, submit, evaluate and share benchmark data of their employees.
It enables businesses to find, analyze, and compare their workers’ data in the specific marketplace which, in turn, helps HR departments make objective in-company decisions. This revolutionary platform covers all meaningful layers of HR, so now it’s possible to dive deeper into the core analytics of employee lifecycle management and make data-driven business decisions and engage in the development of your employees.
Business CHALLENGE
The client’s legacy Delphi-based system for payment risk management was outdated, lacking scalability and automation. It couldn’t process new data formats or support BI, AI, and ML applications. Security vulnerabilities and compliance risks made modernization essential, requiring a cloud-based SaaS solution with enhanced data processing and automation.
A few companies in the UK provide their users with HR data. Still, there are three main negative points: a restricted number of HR topics, users have a limited possibility for requesting the data, and they are expensive. In such a highly competitive market, it was vital that HR DataHub considered the creation of a unique platform with automated analysis and boosted the accuracy of results so that different companies could seamlessly access credible data.
The client started a movement to simplify the way companies compare data for making objective decisions. However, brilliant ideas require relevant tools, and automating the analysis process and presenting that in the form of instant and accurate metrics seemed challenging. Hence, the client chose Opinov8 to program the overall software with transparently calculated steps on defining the best solutions.
SOLUTION
Cloud-Based Modernization
We migrated the client’s system to the cloud using Databricks and Apache Spark, ensuring scalability and high-performance data processing. A medallion architecture with bronze, silver, and gold layers was implemented to structure and optimize data flow.
Automation and Security
A multi-tenant SaaS model with strict data segregation was introduced for secure operations. CI/CD pipelines, Terraform, and Azure DevOps automated provisioning and deployment, reducing setup time. Enhanced security measures ensured compliance with financial regulations.
Advanced Data Processing
Support for new data types and formats enabled seamless integration with BI, AI, and ML applications. The system now efficiently processes, structures, and prepares data, unlocking valuable insights for decision-making.
BUSINESS VALUE
The client now has a scalable, secure, and automated cloud-based solution. Deployment is faster, and data processing is more efficient. The modernized system meets compliance standards while enabling AI-driven insights, positioning the client for growth and innovation in payment risk management.
Working collaboratively with HR DataHub, Opinov8 managed to revolutionize the way companies of any size access and correlate the data for benchmarking and thus draw an inference of what steps should be taken for meeting employees’ needs and strengthening company’s position on the market.
Being up and running HR DataHub platform works as a highly scalable and easy to maintain platform with built dashboards and system tools guaranteeing better user experience and higher app performance.
Having a strong foundation in the development cycle large volumes of data is easily interrogated online and received metrics can be downloaded into MS applications. Due to the rapid growth of market requirements companies experience constant changes in their departments, so HR Dada Hub provides users with the opportunity of requesting additional data by launching monthly website surveys.
Business leaders and HR professionals are able to use this data to analyze their workers’ lifecycle in depth which in its turn will help in building powerful HR strategies. There are already 100 companies representing over 400,000 employees making it right by prioritizing worker’s needs and thus getting accurate benchmark data in the form of structured, practical, and easy-to-understand metrics.
Improved Scalability: The system can now handle increased data volumes and diverse data types.
Streamlined Operations: Automated CI/CD pipelines and provisioning reduced deployment times.
Enhanced Data Utility: Prepared data is now readily available for BI and ML applications.
Security and Compliance: Robust measures ensure regulatory compliance and data security.
Future-Ready Platform: The solution’s modern stack and architecture support ongoing innovation and adaptability.