Wells Fargo's Personal Guide to Starburst
A Brief Introduction to Starburst
A single point of access to query data that lives in any data system
Based on open source Trino, Starburst gives you the flexibility to run federated
interactive and ETL workloads using a single query engine, significantly reducing data
movement delays and costs.
From globally dispersed internal data to 3rd party data, Starburst empowers customers
to make informed risk mitigation, revenue-generating, and process optimization
decisions while adhering to data sovereignty, regulatory, and data security requirements.
Your data strategy is always evolving. Starburst supports you at each step.
Integrate distributed data
Create a holistic view of data with federation across disparate sources to get a true 360-degree understanding of behavior across all channels, services, departments, and subsidiaries
Speed time-to-insight
Run lighting-fast queries across multiple-data sources without the need to move or copy data, giving you access to the insights you need to manage risk and respond to regulatory demand in near real-time
Enable self-service
Use the analytics tool you already know and love while accessing data that lives anywhere, removing any bottlenecks that prevent data-driven decision making and slow down innovation
Driving Impact at Major Financial Institutions
Leading Bank Accelerates Real-time BI
Problem: Various BI tools and technologies hampered by data source performance bottlenecks, resulting in non-responsive dashboards and reports. Various groups resorted to extracts and other approaches effectively converting BI layer into a data layer, adding data governance challenges.
Solution: Starburst facilitates a highly performant single point of across a wide variety of data sources, effectively decoupling semantic layer for BI tools and thus augmenting BI architecture.
Impact: Real time reports and responsive dashboards. Reusable set of semantic objects across various BI and ad hoc query tools, reducing development effort and establishing a common language.
Global Investment Bank Detects & Prevents Financial Crime
Problem: Performance challenges, long running queries often taking 3 hours or not returning at all. Distributed data access challenges, including unique data privacy requirements across 100+ countries. False positives, lengthy AML investigations, and concern over high regulatory fines.
Solution: Starburst provides up to 100x faster queries on the data lake, the ability to query data where it resides and federate across several clusters (and 100+ countries) as well as future cloud migration.
Impact: Enhanced money laundering detection models, shorter AML investigations, and reduced false positives. Cost savings as a result of reduced data duplication and reduced/eliminated future regulatory fines.
Global SIFI Reduces Risk Modeling Time
Problem: Unable to federate across required data sources. Existing environment would not be able to scale and serve the modeler requests.
Solution: Starburst facilitates federation across sources and eliminates delay in time to insights imposed by ETL. Caching and materialized views accelerate data access for risk modeling.
Impact: A single query fabric for entire organization reduces end-toend risk modeling time from 2+ days to minutes with Starburst, allowing the bank to make major financial decisions in real time vs using stale data.
Financial Services eBook
In this eBook, you’ll learn:
1. How financial firms can drive monumental change with all their data faster — dramatically improve time to
insight to unlock new business models, grow new and existing revenue streams, and deepen customer
relationships.
2. How to drive meaningful business impact by simplifying how internal and third-party data is stored, accessed,
and used.
3. How financial firms like FINRA, Assurance, Inter, and a top 4 US Bank, are using Starburst to enhance their
analytics solutions from Anti-Money Laundering to Personalization and Client360.
Key Resources for Wells Fargo
Strategic Partners
Starburst integrates with a wide range of cloud, technology, and consulting partners,
enabling you to access your data wherever and however you may need.
Your Dedicated Starburst Team
Meet the team working to bring Wells Fargo’s analytics anywhere.
Get in touch
Want to try Starburst? Have questions? We're here to help.
