Latest news with #dataintegration
Associated Press
18 hours ago
- Business
- Associated Press
Boomi Brings Sovereign Data Integration to Australia
SYDNEY--(BUSINESS WIRE)--Jul 30, 2025-- Boomi™, the leader in AI-driven automation, today announced the local availability of Boomi Data Integration from within an Australian data centre, enabling local enterprises to move data faster, more securely, and in compliance with national regulations. The launch comes after Boomi acquired Rivery, a modern data integration provider. This underscores Boomi's strategic investment in local infrastructure and its commitment to solving Australia's most pressing data challenges. With a Sydney-based instance of Boomi Data Integration now live, Australian organisations can deploy log-based Change Data Capture (CDC) and near-real-time Extract, Load, and Transform (ELT) pipelines entirely onshore. That means sensitive data remains within national borders, latency is reduced, and there's clear alignment with local data sovereignty laws. 'A strong addition to Boomi's data platform alongside DataHub, Boomi Data Integration brings big data capabilities to Australian and New Zealanders, all within the same no-code/low-code experience Boomi users know and trust,' said Nikolai Blackie, Co-founder, Adaptiv, an Australasian data and integration consultancy and Boomi partner. The launch supports regulatory requirements under the Privacy Act 1988, the Australian Privacy Principles (APPs), and sector-specific frameworks including APRA CPS 234 and the My Health Records Act. Boomi's customers span highly regulated industries including financial services, government, education, and healthcare, all of which stand to benefit from improved compliance, confidence, and data agility. This latest development strengthens Boomi's unified platform strategy, which aims to bring integration, API management, data management, and AI readiness under a single layer of AI-driven intelligence. It also reduces reliance on disconnected point solutions, helping customers simplify their technology stacks and accelerate digital transformation — securely and at scale. 'AI agents, predictive models, and real-time analytics all demand one thing: trusted data, delivered quickly and securely,' said David Irecki, Chief Technology Officer for Asia Pacific and Japan at Boomi. 'But in Australia, compliance is just as critical as speed, especially when you start to consider sectors like finance, government, and healthcare.' 'With local deployment of Boomi Data Integration, we're removing any compliance barriers to AI-related to data sovereignty, while giving our partners and end-users the near-real-time data capabilities they need to innovate.' Additional Resources About Boomi Boomi, the leader in AI-driven automation, enables organizations worldwide to connect everything, automate processes, and accelerate outcomes. The Boomi Enterprise Platform — including Boomi Agentstudio — unifies integration and automation along with data, API, and AI agent management, in a single, comprehensive solution. Trusted by over 25,000 customers and supported by a network of 800+ partners, Boomi is driving agentic transformation — helping enterprises of all sizes achieve agility, efficiency, and innovation at scale. Discover more at source version on CONTACT: Media Contact: Jasmine Ee Head of Influencer Relations, APJ [email protected] KEYWORD: AUSTRALIA/OCEANIA AUSTRALIA INDUSTRY KEYWORD: DATA MANAGEMENT SECURITY TECHNOLOGY SOFTWARE NETWORKS ARTIFICIAL INTELLIGENCE SOURCE: Boomi Copyright Business Wire 2025. PUB: 07/30/2025 07:00 PM/DISC: 07/30/2025 07:01 PM
Yahoo
2 days ago
- Business
- Yahoo
Breaking free from legacy: unlocking growth in wholesale finance
In the ever-evolving financial services landscape, many wholesale finance companies find themselves refocusing their efforts and resources to remain competitive. A significant number of these firms are still reliant on legacy technology systems, which pose substantial challenges that can hinder operational efficiency, customer service and even risk control. As they get left behind, companies risk missing out on opportunities that modern technology offers. Embracing innovation is crucial for overcoming these hurdles and thriving in a fast-paced marketplace. Why companies cling to legacy systems and what that means There are several reasons that companies are hesitant to upgrade, including financial commitment, the fear of change/embracing new technologies, overall business priorities and business disruption. Leaders often hesitate to upgrade because the costs, disruptions and complexities are perceived to outweigh the benefits. However, these outdated technologies and poor business processes can lead to numerous challenges and risks that can hold back business growth and returns, including: Inability to meet customer expectations: Today's stocking customers expect seamless, real-time data that leads to meaningful interactions. Legacy wholesale systems can struggle to provide information in the format and via the medium customers prefer – whether via phone, online, mobile, social media or other channels – leading to dissatisfaction and lost business. Data integration challenges: Integrating information from multiple sources, such as suppliers, customers and third-party data, becomes complex and cumbersome with outdated systems, causing decision-making delays. The wholesale system's adaptability must be able to cope with new requirements, including compliance, reporting, complex customer structures and incorporating technological advances (e.g. AI). Operational Inefficiencies: Reliance on manual tasks and workarounds leads to what has been described by some funders as 'spreadsheet hell', with multiple tasks being taken out of the online system and processed manually on spreadsheets. This leads to vital processes being managed offline, risking errors and miscommunication. These inefficiencies can hinder scalability, increase costs and negatively impact employees with repetitive tasks. Risk management gaps: As fraud and attempted fraud become more prevalent, the common response is often to throw more resources at the problem – manually analysing data to identify occurrences. This pushes up costs, but is still too slow to adapt to changing fraud techniques and can also delay and inconvenience genuine borrowers. Data security and compliance issues: Older wholesale systems may not meet today's stringent data security standards, putting sensitive information at risk. Frequent spreadsheet sharing containing critical data can lead to vulnerabilities and compliance violations. Seize opportunities Wholesale finance companies transitioning from legacy systems to modern technology can enhance their offerings to dealers, strengthen risk management and enable them to address the evolving demands of the market. One significant benefit of this transition is the ability to scale at lower costs, as automated processes reduce the need for extensive labour and manual intervention, allowing firms to expand operations efficiently. Embracing modern technology in the wholesale space allows access to new industry norms such as faster payments, enhancing cash flow and customer satisfaction through real-time processing and payouts. Companies will also experience better accuracy by leveraging advanced data analytics and automated systems, which reduce human error and ensure that financial transactions are precise and reliable. Risk management can be enhanced with embedded AI tools capable of validating dealer documentation at speed – ensuring complete oversight of funded assets without diminishing service quality. There's no need to increase headcount either. Additionally, integrating new wholesale systems with Customer Relationship Management platforms allows for a unified view of customer interactions and data, enhancing relationships and service quality. This reduces the need for dealers and lenders to manually key in tasks, streamlining workflows and freeing employees to focus on higher-value activities, ultimately driving productivity and growth. The 'wow factor' for customers should not be overlooked. Modern technology, displayed on devices used throughout the day by dealers, will be more attractive both from a look and feel as well as availability. PC/laptop-only applications are very quickly becoming a reason for dealers to look elsewhere. Beyond cost to collaboration and innovation When selecting technology suppliers, companies should focus not only on cost, but also on cultural fit and commitment to long-term support. It's worth keeping in mind that a supplier that prioritises a partnership approach with active account management is more likely to drive continuous improvement. In business, there are examples of companies continuing to do what they have always done, only to be overtaken by new entrants and competitors that have modernised their offerings to be class leading. The old adage of 'if it ain't broke, don't fix it' could not be more inappropriate in technology. Whilst the threat of disruption to existing business can be a substantial drawback when considering change, if the change is managed well, the promise of efficiencies, a better experience and greater productivity can far outweigh that drawback. For wholesale finance companies, embracing modern technology is no longer a choice, but a necessity to avoid being left behind. Shifting away from legacy systems and investing in advanced solutions can help streamline operations, enhance customer satisfaction and position businesses for sustainable growth. Organisations can transform their challenges into opportunities by taking proactive steps to modernise, driving both profitability and success in an increasingly competitive market. Explainer: what is wholesale financing "Breaking free from legacy: unlocking growth in wholesale finance" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
4 days ago
- Business
- Yahoo
Palantir Technologies' (PLTR) Pipeline Bolstered by $100M NGC-2 Contract
Palantir Technologies Inc. (NASDAQ:PLTR) is one of the best 52-week high stocks to buy now. On July 21, the stock was a big mover after the company secured a $100 million contract from the US government for the Next-Generation Command and Control (NGC-2) platform prototype. A data extraction engineer assembling a complex integration and configuration. In partnership with Anduril, Palantir is tasked with developing the next phase of NGC-2, one of the US Army's highest-priority projects. Palantir is likely to incorporate its Maven Smart System and Edge Data Mesh into NGC-2. Research firm William Blair expects $30 million of the total contract value to go to Palantir, with potential to increase to more than $150 million in annual recurring revenue over the next three years. Palantir allegedly secured $135 million in annual recurring revenue across nine different contracts in the second quarter compared to just $27 million in the same period last year. Palantir Technologies Inc. (NASDAQ:PLTR) is a software company that builds platforms for data integration, analysis, and decision-making. It helps organizations, particularly in government and commercial sectors, make sense of vast amounts of data to solve complex problems. Its platforms, including Gotham, Metropolis, and Foundry, are used for various applications, from national security and law enforcement to financial services and supply chain management. While we acknowledge the potential of PLTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Biotech Stocks to Buy According to Billionaire Steve Cohen and 11 Growth Stocks That Could Double by 2027. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Palantir Technologies' (PLTR) Pipeline Bolstered by $100M NGC-2 Contract
Palantir Technologies Inc. (NASDAQ:PLTR) is one of the best 52-week high stocks to buy now. On July 21, the stock was a big mover after the company secured a $100 million contract from the US government for the Next-Generation Command and Control (NGC-2) platform prototype. A data extraction engineer assembling a complex integration and configuration. In partnership with Anduril, Palantir is tasked with developing the next phase of NGC-2, one of the US Army's highest-priority projects. Palantir is likely to incorporate its Maven Smart System and Edge Data Mesh into NGC-2. Research firm William Blair expects $30 million of the total contract value to go to Palantir, with potential to increase to more than $150 million in annual recurring revenue over the next three years. Palantir allegedly secured $135 million in annual recurring revenue across nine different contracts in the second quarter compared to just $27 million in the same period last year. Palantir Technologies Inc. (NASDAQ:PLTR) is a software company that builds platforms for data integration, analysis, and decision-making. It helps organizations, particularly in government and commercial sectors, make sense of vast amounts of data to solve complex problems. Its platforms, including Gotham, Metropolis, and Foundry, are used for various applications, from national security and law enforcement to financial services and supply chain management. While we acknowledge the potential of PLTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Biotech Stocks to Buy According to Billionaire Steve Cohen and 11 Growth Stocks That Could Double by 2027. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
11-06-2025
- Business
- Zawya
Denodo achieves Snowflake Financial Services Competency
Highly regulated finance companies can be assured of secure, scalable, and compliant data integration for strategic data needs Dubai, UAE – Denodo, a leader in data management, announced that it has achieved the Snowflake Financial Services Competency, recognizing its ability to help financial services organizations meet their unique data management, regulatory, and digital transformation needs using the Snowflake Data Cloud. The Snowflake Financial Services Competency is awarded to partners with proven success in delivering solutions and expertise tailored to the financial services industry, including banking, capital markets, and insurance. This achievement validates Denodo's commitment to supporting the sector's demand for real-time data access, high-performance analytics, enhanced security, fraud detection, and strict compliance with industry standards. 'This competency reinforces our shared goal of helping financial institutions unlock the full potential of their data with a modern, scalable, and governed approach that meets the highest standards of the industry,'said Suresh Chandrasekaran, executive vice president at Denodo. 'Our joint customers can trust that the Denodo Platform is optimized and tested to work with Snowflake to accelerate the time to meaningful results.' The Denodo Platform's logical data management approach enables financial organizations to manage data across cloud and on-premises environments, including data residing in Snowflake, with unmatched agility and governance. This enables institutions to gain a unified view of customer data, accelerate time-to-insight, and reduce operational risk. By combining the Denodo Platform's real-time data integration and delivery capabilities with Snowflake's secure, scalable Data Cloud, joint customers can drive use cases such as: AI/ML modeling Real-time regulatory reporting Customer 360 views and personalization Fraud detection and risk analytics ESG reporting and compliance Cloud modernization and data democratization This competency further strengthens the growing Denodo-Snowflake partnership and underscores Denodo's role as a strategic data management partner for financial services firms embracing digital innovation. Having previously achieved the Snowflake Ready Technology Validation and recognized as a Premier partner within the Snowflake AI Data Cloud Products Tier, Denodo is uniquely positioned to help organizations maximize the value of their data across the Snowflake ecosystem. About Denodo Denodo is a leader in data management. The award-winning Denodo Platform is the leading logical data management platform for transforming data into trustworthy insights and outcomes for all data-related initiatives across the enterprise, including AI and self-service. Denodo's customers in all industries all over the world have delivered trusted AI-ready and business-ready data in a third of the time and with 10x better performance than with lakehouses and other mainstream data platforms alone. For more information, visit Media Contacts denodo@
