Customer who has experienced the VALUE behind Fort Knox!
Tentpole Data Sciences has enhanced our ability to generate timely insights through their client-focused engagement model and consistent support. I would recommend working with Tentpole to enhance your team’s insight and value.
One of Africa’s largest banks, differentiated by their commitment to fulfilling their purpose of using their financial expertise to do good for individuals, families, businesses and society.
R14,0bn
Headline Earnings
R109bn
Market Capitalisation
26k
Permanent Employees
#1
Bank NPS
Listed on the South African JSE
Client Overview
Nedbank Group is one of the largest financial services groups in Africa, offering wholesale and retail banking, as well as insurance, asset management and wealth management services and solutions to more than seven million clients.
In South Africa Nedbank has a strong franchise, which contributes 90% of the group’s R1,3tn in assets and 86% of the group’s R14bn headline earnings (HE).
Outside SA they operate in five countries in the Southern African Development Community (SADC) through subsidiaries and banks in Lesotho, Mozambique, Namibia, Eswatini and Zimbabwe. In central and west Africa we have a strategic alliance with Ecobank Transnational Incorporated (ETI) and we have a representative office in Kenya.
Outside Africa they have a presence in key global financial centres to provide international financial services to Africa-based multinational and high-net-worth clients in the Isle of Man, Jersey and London, and they have a representative office in Dubai.
Source: 2022 Nedbank Group Integrated Report
Nedbank raised the current problems
- Fort Knox: A remote data gathering service of external published data sources (e.g. BA series) for consumption by Nedbank's team via a web portal. The system is aligned with industry best practices and customized to report on areas most important to Nedbank.
Results achieved with Tentpole Data Sciences Solution
- Reports received were static as a result, users were unable to receive and interact with intelligent insights.
- No automated update of the data. This manual process relies on staff and skill, and as a result takes significant time every month.
The Technical Solution
- Significant cost and time savings for Nedbank’s reporting department. This allows the internal banking teams to further analyse and interrogate market changes and to provide timely feedback to the business.
- Automated updates to Key Stakeholders as soon as data is received.