A Global bank has selected WANdisco’s Big Data solution in its ‘reference architecture’ for Big Data, which is due to be rolled out as standard across the bank.
The initial agreement is for a one-year subscription which is valued at $150,000 and will allow the bank to scale up its usage significantly over time.
The bank’s data infrastructure consists of tens of thousands of data nodes, which means that the potential for the expansion of subscription and its value it considerable. The agreement makes WANdisco the banks largest Big Data customer to date when running at full utilisation.
Previously, the bank had been using Hadoop to capture and store both the structured and unstructured data, however, during a production trial on the Hortonworks partner platform, WANdisco’s Non-Stop Hadoop offering eliminated data outages which had previously occurred in Hadoop.
David Richards, WANdico Chief Executive Officer, said: "This new customer has Hadoop data operations across the whole bank, which WANdisco will support in live production. The bank intends to scale up its Non-Stop Hadoop solution very significantly. With this latest new customer, we have signed three of the world’s top ten banks in the last three months."
The trial of WANdisco’s Non-Stop Hadoop also improved data processing speeds and saved costs, while achieving higher levels that were not previously achievable.
Initially the bank will deploy Non-Stop Hadoop’s, ‘continuous availability’ and also ‘selective replication’ in order to comply with regulatory requirements.
The technology is expected to deployed in departments dealing with transactional risk management, trade finance and regulatory reporting.
