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Australia’s Macquarie Bank has deployed a new digital banking service, inspired by the data strategies used at the likes of Spotify and Netflix and tapping DataStax Enterprise and the NoSQL database. This includes search-how-you-speak technology; the ability to tag and track transactions; upload receipts and warranties; set saving and spending goals; and automatically categorise spending through machine learning technology.

“We looked at the experience consumers receive from popular social media sites, search engines and video and music streaming services, and saw an opportunity to use leading edge technology to bring the same personalised and intuitive experience to banking,” says Luis Uguina, Chief Digital Officer for Macquarie’s Banking and Financial Services Group, who joined the FI in 2014 from Spain’s BBVA. “To do this, we needed a scalable technology platform able to provide real-time value, and working with DataStax Enterprise has enabled us to be more nimble and utilise the most up-to-date technological capabilities available.”

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by Scott Thompson
Scott is Senior Editor at IBS Intelligence. You can follow him on Twitter and contact him at: Scott.Thompson@ibsintelligence.com