The concept and vision
Finding new revenue streams through big data & analytics
Perpetual is the leading corporate trustee of Australia’s securitisation market. A core role Perpetual has performed for over 15 years is the data warehouse (FinTech) for reporting to investors and intermediaries. The data warehouse role increased materially in 2015 to include regulatory reporting through to the Reserve Bank of Australia (RegTech) for banking and financial services institutions, which has led to data accumulation of more than 15 years on $310 billion of Australian mortgages a month, comprising of over 180 million loan records from 54 lenders.
The vision was to create a new ecosystem to collaborate and support their clients’ business strategy, regulatory and financial reporting obligations, while promoting a transparent and comparable securitisation market. One step on this journey was to develop analytics and predictive credit risk modelling on this immense amount of data which required building the technological capabilities that could handle and process Big Data and run Advanced Analytics.
Perpetual embarked on a digital transformation initiative and sought for a technology partner to implement the data platform and data warehouse.
A self service to stress-test mortgage portfolios against 15 years of Australian loan data
“What Ignia [an Insight Company] did to really explore and open our minds to what was available in the digital world during that project was awesome. They really opened our understanding of what the Microsoft platform was, what it can actually do, in terms of digitally transforming data into the cloud and utilising the Cortana and Power BI platforms to really develop products which we could then move into new markets, new clients but also provide even greater value to our existing clients”, says Richard McCarthy, General Manager Sales & Product, Perpetual.
The solution of a cloud-based analytics platform built entirely on Microsoft Azure and Cortana Intelligence Suite products, provided Perpetual with the performance and scalability to process the large data sets and critically gave Perpetual the confidence in privacy and security needed in a regulated financial services environment.