Axxiome Announces Strategic Partnership with Denodo to bring data virtualization to Digital Banking
Toronto — June 29, 2021 — Axxiome today announced a strategic partnership with Denodo, the leader in data virtualization software. As part of this relationship, Denodo and Axxiome will deliver data virtualization as a strategic solution in the path to enable a modern intelligent enterprise.
“Denodo’s customer base is rapidly expanding and our strategic partnership with Axxiome is poised to accelerate it further”, said Suresh Chandrasekaran, Executive Vice President at Denodo. “Denodo has proven track record of helping financial services customers across the globe. With its partnership with Axxiome, which primarily helps financial services organizations with digital transformation, Denodo looks forward to offering agile and modern data infrastructure solutions to financial services firms across North America.”
The modernization of legacy systems to digital applications and data solutions faces the challenge of ensuring business continuity amidst technology evolution. The Axxiome – Denodo partnership brings tools and strategies to shorten timelines, reduce complexity which all contribute to business disruption. Denodo’s Data Abstraction Layer or “Data Fabric” design enables the design of a single, virtual data repository where the Axxiome Analytics canonical data model is virtualized, eliminating the need for a physical data warehouse or data lake and the related additional data management overhead.
Axxiome and Denodo can deliver a thoroughly modernized information solution for banking analytics and applications requiring data from all areas of business. With Denodo, the business users have access to the all the related information they need across multiple systems and in real-time, without the delays and disruptions experienced in a typical data warehouse or data lake implementation. Axxiome is also a Collibra partner, providing users the ability to govern and access the entire metadata catalog from all sources including Denodo, in a business-friendly way.
“We are thrilled to add Denodo to our growing list of strategic partnerships”, said Andrew MacDowell, President of Axxiome Americas. “The data virtualization capabilities of the Denodo product combined with Axxiome’s real-time product offering and data management expertise make this a unique value proposition at a time when banks are in great need of data agility.”
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Axxiome is a global IT consulting and solutions provider with operations in North America, Europe and Latin America. Serving retail and commercial banks and credit unions, Axxiome excels at linking legacy banking platforms to modern solutions and is considered a leader in banking transformations. Axxiome’s Banking Suite is a comprehensive, ready-to-run digital platform combining best-in-class core banking processes, a powerful omni-channel architecture and market leading banking products. Axxiome’s consultants are experienced in technology development, integration and advisory services and bring more than 20 years of banking expertise and innovation to client projects. Axxiome’s Data Practice serves all business sectors, providing industry leading tools and advisory services on data governance, business intelligence, data integration, migration and virtualization. As digital transformation accelerates, we empower clients with (we deliver) enhanced data access, quality and lineage, and modern data architectures that meet increasingly complex privacy and security standards. To learn more about Axxiome and the complete suite of offerings and services, visit www.axxiome.com
Denodo is the leader in data virtualization providing agile, high performance data integration, data abstraction, and real-time data services across the broadest range of enterprise, cloud, big data, and unstructured data sources at half the cost of traditional approaches. Denodo’s customers across every major industry have gained significant business agility and ROI by enabling faster and easier access to unified business information for agile BI, big data analytics, Web, cloud integration, single-view applications, and enterprise data services. Denodo is well-funded, profitable, and privately held. For more information, visit http://www.denodo.com or call +1 877 556 2531 / +44 (0) 20 7869 8053.