When Fedelta obtained its licence as a credit market company, it also became subject to a new level of regulatory requirements. The regulations require extensive and detailed reporting to Finansinspektionen, involving large volumes of data that must be collected, quality-assured and reported on a regular basis.
Previously, parts of this process could be managed by extracting data from different systems and compiling it in Excel spreadsheets or CSV files. However, as requirements for traceability and data quality increased, Fedelta needed a more structured and scalable way of managing its data.
One platform that brings everything together
To get started, Fedelta chose to partner with Advania.
Together, we built a modern data platform based on Databricks, where data from across the business is collected and structured in a unified model. The platform provides a stable foundation while also enabling AI-powered analysis and reporting at a much faster pace than before.
“For us, it's about getting started quickly and gaining access to people who have done this many times before. That way, we build it right from the beginning.”
Johan Sakbas, CTO, Fedelta
From regulatory compliance to business insight
What began as a regulatory necessity has evolved into a valuable tool for understanding the business more deeply. Fedelta can now analyse its data in entirely new ways and quickly identify how the portfolio is developing, where risks emerge and where profitability can be found.
With the support of AI, reports and analyses can now be produced in minutes instead of weeks.
“We started this because the law required it. The result, however, is that we now understand our business in a way we never did before.”
Johan Rutgersson, Chairman of the Board, Fedelta
The result is greater control over the business and a stronger foundation for making future decisions. Watch the video to learn more:
