The Demyst Powering Case Studies Series showcases how our external data platform is powering the most important banking and insurance applications around the world, helping enterprises succeed in the digital age.

Powering Case Studies Series

A leading global bank identified the need to streamline their largely manual, commercial credit decisioning process by leveraging external data.
Demyst now powers three separate applications at the bank, and with more on the way it quickly becomes the bank's "plug and play" external data partner.
As each new use case goes online, the business can focus on driving new capabilities and outcomes, while Demyst ensures the deployed applications continue to run smoothly and seamlessly for the business partners.
A proven path to production:
<h3>Discover</h3>
Problem: The customer&rsquo;s lack of specialized resources in data testing meant they were stuck trying to determine which vendors to select.
Solution: Demyst&rsquo;s prior experience with some of the vendors as well as our deep knowledge of testing resulted in a faster start critical momentum building.
<h3>Develop</h3>
Problem: A decades old decisioning system would need to consume the new attributes and the customer knew this would likely mean delays.
Solution: After careful consideration with the technology leaders, Demyst was able to customize the payload of the data and integrate seamlessly with the decisioning system.
<h3>Deploy</h3>
Problem: As a singular partner Demyst was able to satisfy multiple project concerns, including data and integration maintenance and support, freeing the business team to focus on outcomes.
Solution: The business team wasn&rsquo;t staffed to handle data anomalies or post-release vendor management, which would grow project costs and cross-team dependencies.

A global bank’s acceleration into digital onboarding

Credit workflow optimization and automation

An international bank identifies the need to automate its KYC, customer onboarding, and lending processes to accelerate customer outcomes.
Demyst now delivers a comprehensive automated employment verification check across ten global markets, significantly enhancing the bank's operational efficiency.
With Demyst taking on the responsibility of maintaining and continuously enhancing the multi-market solution, the bank can focus on growth and strategic initiatives.
A proven path to production:
<h3 >Discover</h3>
Problem: Initially, the bank attempted to work with data vendors directly, but because of their lack of specialized resources, they ran into barriers and delays with onboarding and testing so many new vendors.&nbsp;
Solution: Demyst's established relationships with vendors and our expert data landscaping team quickly onboarded nine vendors, enabling fast testing, onboarding, and evaluation.
<h3 >Develop</h3>
Problem: The age of the bank's decisioning system threatened to delay the delivery schedule. It had limited capabilities for integration, strict payload semantics, and a team that had never tried to integrate it with so many data sources.
Solution: Demyst's experienced team of integrators worked with the onsite architects to create a plan to move the complex data joining requirements onto the Demyst platform. The resulting interface to the decisioning system was straightforward and matched the exact needs of the technology.&nbsp;
<h3 >Deploy</h3>
Problem: With so many dependent vendor partners, the bank knew their testing teams would need help to verify if the solution was ready for production properly.
Solution: Demyst utilized the platform's mock data feature and the encrypted caching layer to simulate various failure scenarios the solution might encounter, empowering the bank's testing teams to complete a thorough testing cycle.

Automating KYC and lending processes with Demyst's advanced employment verification capabilities

Digital Customer Verification

In a transformative collaboration, Demyst partnered with a leading global insurer to revolutionize their business firmographics data across continental Europe. By leveraging Demyst's external data management solutions, the insurer could access the freshest and most accurate data vital to risk assessment, underwriting, and pricing.
Demyst powers a stream of comprehensive business firmographics data that supports three independent business lines.
With Demyst taking on the responsibility of integrating and maintaining the data delivery, the business can focus on analytics, risk assessment, and improving their customer's experience, thereby reducing customer drop-offs, reducing risk, and improving pricing efficacy.
A proven path to production:
<h3 >Discover</h3>
Problem: The client was already aware of the data products that could meet their requirements, but their team was worried about delays in working with the partners to bring the complete solution together.
Solution: Demyst's prior experience with the partners and their data resulted in a quick turnaround for testing and evaluation. The early results built trust and momentum.
<h3 >Develop</h3>
Problem: Initially, the customer had hoped to leverage transactional Data APIs, but after Demyst consulted with the client's technology teams, it was clear that because of their existing technology stack, delivery timelines would be in jeopardy.
Solution: Because of the Demyst platform's flexibility, the delivery team modified the integration to a full-file data push into their warehouse, resulting in a much faster end-to-end delivery for the customer.
<h3 >Deploy</h3>
Problem: The client's strict safety and compliance programs made working with multiple merchandisers risky. Aside from the legal and compliance checks, there were concerned about onboarding so many new partners from an IT perspective.
Solution: By leveraging Demyst's single interface to data, the client was able to reduce the risk of onboarding so many new data sources and technology integration, speeding up deployment to production.

Powering the most important banking and insurance applications around the world