BOULDER, Col., March 9, 2022 /PRNewswire/ — Hakkodacloud data expert, today announced the launch of a new multi-stakeholder analytics offering on Snowflake designed for financial services companies. The new solution will allow banks and lenders to unlock new customer insights through deeper analytics from their Snowflake Data Cloud. To lead the new division, Hakkoda has hired a senior executive from the financial services industry Anand Pandyaformer chief data officer at Curinosa subsidiary of Informa Financial Intelligence.
The proliferation of data is a significant challenge for banks: Hakkoda’s Latest Research Study shows that 44% of financial services companies use five or more different data solutions. Financial institutions are heavily divided into business lines and rarely rely on their own IT groups. This promotes a sense of decentralized data stores as well as a lack of cohesion and alignment.
“The banking industry is being disrupted by new fintech entrants and the key for traditional banks to compete with new options is to unlock the value of data dispersed across the institution,” said Erik Duffield, CEO and co-founder of Hakkoda. “As technology becomes an agent of change for the financial services industry, many institutions are struggling to find resources and talent for their data programs. Hakkoda has the expertise to solve both their data challenges and Under Anand’s leadership, Hakkoda can help financial institutions realize the true value of their data, delivering innovative results that turn data and analytics into a competitive advantage.”
With over 20 years of experience as a leader in data-driven solutions and business intelligence, Pandya will lead the financial services industry for Hakkoda. In this role, he will be responsible for the team that designs, builds and manages modern data platforms for banks and lenders. He will also act as a strategic advisor to the accounts and guide the development of solutions. Hakkoda’s seasoned financial services consultants take a collaborative approach with clients and know that how clients use their data often drives business agility and innovation.
Prior to her role at Curinos, Pandya was Head of Operations and Technology for Informative financial information. Prior to that, he was Vice President of Analytics Solutions at Icon Advisory Group, a financial services technology company that was acquired by Informa Financial Intelligence. Pandya has an additional 10 years of data and business intelligence consulting experience across multiple industries and Fortune 1000 companies.
“The modernization of data technology has accelerated faster than ever, propelling the financial services industry into a new paradigm that forces the industry to use data in ways it never imagined” , Pandya said. “Hakkoda understands the power of data; the company was founded to help customers realize the true value of their data. This aligns with my core belief that data is an organization’s most valuable resource. join the Hakkoda team to drive true innovation and revenue across our client institutions.”
To activate the new offer, Hakkoda is partnering with Affinio, multi-party application provider for Snowflake. Affinio’s graph analytics technology is integrated with Snowflake’s Data Cloud to give businesses rich customer insights and powerful secure data collaboration, without the need to move data.
“When it comes to detailed consumer insights, it’s clear that analyzing first-party data alone is not enough,” said Tim Burk, Chairman of Affinio. “The financial services industry needs a new distributed model of secure data insights and collaboration. Through our partnership with Hakkoda, we are excited to unlock the next generation of customer intelligence and audience building leveraging Affinio’s native Snowflake apps alongside Hakkoda’s Snowflake and vertical skill.”
“There are challenges in the financial services industry that require a new collaborative approach to governed and secure data sharing,” said Matt Glickman, director of financial services at Snowflake. “We are excited to partner with Hakkoda to enable our customers to solve this new class of data cloud problems by leveraging Hakkoda’s ‘all-inclusive Snowflake’ vertical expertise.”
Hakkoda’s services were designed from the ground up to deliver faster results to clients. Its subscription-based, scalable Teams model provides customers with on-demand access to experts specializing in data migration, architecture, analytics, engineering, machine learning, governance, and enterprise development. applications, to be applied in areas where skills are most needed.
Hakkoda is an American and Costa Ricadata engineering consulting firm specializing in Snowflake. The company adopts a subscription model that operates similarly to the cloud, providing on-demand access to data engineers, architects, machine learning experts and application developers. Led by a founding team with over 150 years of collective experience in data and IT services, Hakkoda can see problems and solutions in ways others cannot. Hakkoda is backed by an investment company Tercerus and enables customers like US Foods and Scripps Health to innovate through the power of data. To learn more, visit https://hakkoda.io/.
Summer Public Relations
Show original content to download multimedia:https://www.prnewswire.com/news-releases/hakkoda-launches-financial-services-analytics-offering-to-help-banks-and-lenders-unlock-customer-insights-with-snowflake-301498747.html