Case Study
ESG Reporting for Leading NA Bank
Banking Labs is engaged to meet EGS regulatory reporting needs – a) by empowering business and compliance users with self service option b) automating financed emissions calculations for Residential mortgages and Personal Vehicle Lending.
The Problem
The pressure to comply with ongoing ESG reporting.
The bank was facing the challenges of quantifying and disclosing financed emissions due to Accounting, data and legacy technology challenges with increased volume of auto loans significantly.
OUR 3-STEP APPROACH:
- Being a boutique firm, conducted current state assessment and identified facts on the floor
- Architected and delivered solution for change by aligning to Bank’s Cloud and data strategy
- Enabled the power in the hands of business users with self service capability
The Approach
Technology
It's imperative for financial institutions to re-look at their ESG considerations.
Managing Director
Leading NA Bank
Leading NA Bank
Technologies Used
AWS S3
AWS Lambda
AWS Glue
AWS Redshift
- Identified patterns of success to accurately estimate the carbon emissions generated by bank’s loans .
- Initialized the data consumption patterns from AWS cloud for self-service driven business users
- Provided Target Operating Model for accuracy and consistency.
- Saved 1.8M savings and delivered 3 months ahead of schedule
Value Creation
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