With over 1 million customers, Moneta is the 4th biggest bank in the Czech Republic and has repeatedly been recognized as the country’s most innovative bank. Databricks unified data analytics platform enables them to leverage data and advanced analytics to innovate the customer experience with use cases ranging from real-time recommendations to fraud detection.
As banks today collect more and more data across all their channels, Moneta found that their legacy analytical systems weren’t able to deal with the increase in data volumes. Moneta started a digital mission to improve their customer experiences with use cases such as real-time recommendations and fraud detection. Due to the massive volume of data at scale, it was challenging to move forward for Moneta to achieve their goals.
With the Databricks unified data analytics platform, Moneta can now tackle their big data and AI problems with a simple, scalable and secure managed service on AWS. It fosters a scalable and collaborative environment across data science and engineering, allowing data teams to more quickly innovate and deliver ML-powered innovations that feed into their services and products.
With Databricks, Moneta has been able to harness the insights within their various streams of data to create innovative technologies that keep the world moving.
Databricks is the out-of-box solution that helps us unify our analytical workloads and involve other teams in the bank. It is the best platform for advanced analytics in the market.”
– Jakub Masek, Lead Data Engineer, Moneta
Technical Talk at Spark + AI Summit EU 2019