Denodo, a global leader in data management, has offered the Denodo Platform to KakaoBank in South Korea in collaboration with its local partner, Planit Partners. The Denodo Platform, powered by data virtualization, provides all the capabilities required to establish a data fabric, including real-time data integration, administration and distribution. It aims to enhance KakaoBank’s data analysis and utilization.
The Denodo Platform, through data virtualization, which logically integrates disparate data repositories, not only meets the most recent requirements for data analysis, including providing the most recent data, but also enables a centralized environment for establishing fine-grained and robust data security and data governance capabilities.
"I am very pleased that Denodo has become a partner, with Planit Partners, in KakaoBank's journey to become a data-driven company that provides innovative financial services based on its excellent IT technology capabilities," said Myounsun Namkung, country manager of Denodo Korea. "As a global leader in data management, Denodo has helped companies in a wide variety of industries, including finance, achieve their business goals and gain competitive advantage based on optimal data management strategies, and we will continue to actively introduce Denodo's differentiated technology and global capabilities to Korean enterprise customers."
The logical integration of various sources of data increases the overall efficiency of the data management process by providing quick data discovery, streamlined data operations and unified access authority management. Furthermore, the Denodo Platform's data catalog analyzes query history to offer tailored data and notify users of commonly requested data. By allowing quick access to data, the data catalog increases the overall efficiency of the data process.
Regional vice president & general manager of Denodo ASEAN & Korea, Robin Fong, said, “Many organisations in Korea and the ASEAN region have spent the last few years building a lot of data repositories, but they are challenged in refining their data strategies to be more integrative. At Denodo, we want to help customers manage and deliver their data by aggregating it into a single source of truth. The Denodo Platform allows efficient and seamless real-time collaboration across diverse data platforms, ensuring data security and governance. This then enables our customers to focus on what truly matters — unlocking new drivers of business value.”
KakaoBank expects to analyze data more efficiently through the data virtualization technology the Denodo Platform has to offer.