Bank of Ireland was established in 1783 by Royal Charter and today has 16,000 employees in 8 countries worldwide. Within a multi-year BI programme, BOI has been building a comprehensive and trusted data platform, allowing the bank to meet regulatory demands and deliver commercial dividends by powering data driven management, reporting and insight. Our task was to provide a Business Data Model, enabling harmonised data across the bank.
Bank of Ireland
Bank of Ireland Group is one of the largest financial services groups in Ireland with total assets of c. €131 billion as at 31 December 2015. The Group provides a broad range of banking and other financial services.
2014 and ongoing, Dublin (Ireland)
Delivery of an integrated Business Data Model (BDM) for the “whole bank”, including Retail, Corporate, Private Banking and Global Markets (Treasury) both in Ireland and UK, using Simplity’s Accurity Glossary to capture business entity and attribute definitions and their relationship to each other.
Simplity’s consultants, in close cooperation with zeb, delivered a Business Data Model (BDM), where the bank’s balance sheet was broken down into 17 Subject Areas, such as Customer, Deposit, Loan or Market Data. The data model of each area presented a comprehensive list of business entities and attributes, and their relationships to one another. Simplity’s Glossary tool captured all definitions of attributes and entities, to ensure consistent data definitions across the organization.
The harmonization of data provides a common language among the various business units and departments, as well as IT.
A consolidated source of data, “single version of the truth”, ensures consistency of reporting.
By maintaining the references to data requirements and IT systems, BOI can ensure consistency, enable traceability and ultimately improve data quality. This approach dramatically improves the ability to meet the needs of business when it requires it, and supports data governance processes.
Better business performance management supports faster access to timely data, at the right level of detail, aligned across the Group
The data model is extendable and reusable and could support future projects.