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NORD/LB Supports Multi-Year, Bank-Wide IT Transformation with Confluent

With total assets of more than 164 billion euros, NORD/LB Norddeutsche Landesbank is one of Germany's leading commercial banks. The bank is in the midst of an enterprise-wide transformation program, NORD/LB 2024, in which it will invest about 500 million euros in new IT systems and digitalization initiatives.

As part of the NORD/LB 2024 program, the bank is developing a new core banking platform based on event streaming with Confluent. In addition to enabling more advanced, real-time analytics across the bank, this platform will support improvements in fraud detection, customer retention, and trade/investment analysis, as well as new products that will differentiate NORD/LB from its competitors in the market.

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Challenge

Help drive a bank-wide transformation that includes a 500 million euro investment in new IT systems and digitalization initiatives

Solution

Set data in motion with Confluent to develop a new core banking platform, enabling improved real-time analytics, fraud detection, and customer retention.

Results

  • Competitive differentiator established
  • Event streaming adoption streamlined
  • Streaming infrastructure costs reduced

Sven Wilbert

NORD/LB

“Confluent’s technology continues to provide the opportunity to develop competitively differentiated products for the future and is the technology we’ll take our next steps with.”