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KeyBank Fuels National Digital Bank Initiative with Data in Motion and Confluent
Following the acquisition of Laurel Road, a digital consumer lending business, KeyBank launched an initiative to build a national digital bank focused on doctors, dentists, and other healthcare professionals looking to refinance student loans and buy homes. The initiative is viewed as a growth engine for KeyBank, which is already among the nation’s largest bank-based financial services companies, with assets of approximately $170.5 billion.
Confluent’s platform for data in motion is helping to fuel the national digital bank initiative and the wider digital transformation underway at KeyBank. A major motivation for this transformation was reducing time to market for new products by democratizing data and decoupling systems across the IT landscape.
Challenge
Power a national digital bank initiative and enterprise-wide digital transformation by reducing the time and effort needed to integrate systems
Solution
Create a center of excellence to help teams harness data in motion with Confluent Platform to make data available to systems throughout the bank
Results:
- Time-to-market estimates halved.
- Mainframe and message queue cost estimates cut.
- De-risked adoption of a new technology paradigm.