Neosynapse Logo solving big data problems

The Problem.

Santa Barbara Bank & Trust (SBBT), one of the largest banks in the United States, had recently been recapitalized and was preparing for acquisition. This was to be the first non-FDIC-assisted bank acquisition under the Dodd-Frank regulatory regime. New regulations required a complete review of the bank’s existing data and data management practices before the acquisition could be approved. Key challenges included:

  • Weak Governance: There had been no formal data management activity in the bank and very little overall oversight of how data was used;
  • Legacy Infrastructure: Data was distributed among more than 50 legacy systems, each with its own technology and regulatory requirements;
  • Vendor Resistance: Vendors had operated without previous incentives to coordinate the collection and usage of data;
  • Low Quality: Individual data sets had rarely been tested for quality and some critical enterprise data sets had never been analyzed;
  • Variable Accuracy: Some systems stayed in perfect balance at all times, and others were balanced daily, weekly, monthly or on a different schedule making comparisons across data sets especially difficult.

The Solution.

Neosynapse applied the Data Management Association’s Body of Knowledge (DAMA-BOK) to assess the bank’s condition and correct major deficiencies in each area in preparation for the upcoming acquisition:

  • Data Governance
  • Data Architecture Management
  • Data Development
  • Data Operations Management
  • Data Security Management
  • Reference and Master Data Management
  • Data Warehousing and Business Intelligence
  • Document and Content Management
  • Metadata Management
  • Data Quality Management

The Benefit.

As a result, deficiencies were corrected and data made suitable for the upcoming transition. Santa Barbara Bank & Trust was successfully acquired by Union Bank on December 3, 2012 for $1.5 billion.

What our clients are saying:

Cory’s interdisciplinary background gave him the ability to see patterns and solutions across different domains that were not apparent to others on the team. These valuable insights have led to opportunities for improvement in the way Intel manages its relationships with academic institutions. I am looking forward to my next occasion to work with Cory.
Ken Anderson, Intel Corporation
David's ability to quickly identify and implement key project requirements in a timely and accurate manner was astonishing, and rarely seen.
Jason Goodman,
AOL
I hired Cory to lead the design and development of a website documenting the research network. Cory identified a great designer/ developer and managed the project perfectly. The design and content were outstanding, and the website launched on schedule. Simply put, Cory is outstanding and I will hire him again.
Carl DiSalvo, Georgia Institute of Technology
David is an extremely intelligent and thougtful executive with a keen sense for business opportunities.
Bill Boykin,
Network Access Solutions
[David] was easy to work with, thorough and added a great deal of value.
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Canoe Ventures Chief Privacy and Security Officer