Zip Co is a leading payment and credit solution provider based out of Australia. They are on a mission to simplify how customers everywhere pay with fast, fair and seamless payment solutions online and in-store.
Payment Service – Provides credit and risk analysis of applicants by using credit profiles like bank statements and other data to predict who is credit worthy.
Zip Co’s data science and engineering teams model large volumes of financial data (e.g. bank statements, transactions, etc) to predict credit risk. Complex architectures and data prep workflows delayed time-to-insight and drove up costs. Challenges included:
Databricks provides Zip Co with a unified analytics platform that simplifies operations and accelerates data preparation to accelerate data science driven innovation.
The combination of autoscaling, spot-pricing and auto-termination has allowed us to maximize utilization of compute while minimizing money spent on idle resources.