Qorus Banking Innovation Awards 2022- Nominated

Ziraat Bank conversion into a data-oriented organization

Submitted by
premium
Q+
14/04/2022 Banking Innovation

About

Ziraat Bank's conversion into a data-oriented organization

Innovation presentation

Data is the group of realities (numbers, words, measurements, observations, etc) which were transformed into a form that it can be processed by computers. Data management, on the other hand, is the set of policies implemented to ensure the institutional management of data available in a business institution or an Organization.

Today, with the change in the corporate governance structure and together with the effect of the constantly developing service model, data management has gained a very important dimension in order to be adapted to the change more easily. If the data may be ensured to be managed in a correct and proper way it becomes the most valuable asset of a Corporation.

Uniqueness of the project

Ziraat Bank has created a unique and a specific “Business Dictionary” in order to collect and process data in a single standard, present it and use it in all processes.

The business dictionary is a dictionary in which the data used in our bank's daily operations and processes are defined in a clear, precise and understandable way, the business rules of that data are shown, the analyzes are made, and the methodological unity of the data has been created. Thanks to this dictionary, it is aimed that the data can be easily understood by all employees who read it.

Thanks to the business dictionary, data is collected in a single standard, processed, presented and used in processes. A common data understanding between units was provided by creating a reference in business dictionary data analysis, evaluation and reporting. With the business dictionary, it will be possible to access data more conveniently, easily and quickly. It is aimed to provide fastest access to data, as well as compatibility and effective use of data management in the use of data.

Want to keep reading?

Become a Qorus member to get access to all our innovations

Interested in learning more? Speak to Boris, Qorus's Content Lead

Qorus has a library of almost 8,000 innovation case studies across critical areas like customer experience, sustainability, marketing & distribution and more that can be used to inform your decision-making.
Contact us

Related innovations

19/04/2024 Insurance Innovation

AIA One--Reimagining the sales agent experience at AIA Thailand

In the past 12 months, AIA Thailand was able to retrofit 30 agency legacy apps into ONE enterprise-level platform called...

18/04/2024 Insurance Innovation

WINT Water Intelligence Builders’ Risk Performance Warranty (Backed by HSB)

A unique warranty program mitigates steeply rising water damage claims in construction and commercial properties. The $250,000 builders’ risk performance...

18/04/2024 Insurance Innovation

PriMA – Enhaced home insurance underwriting

In an ever-shifting world, finding the right price between risk & profitability accurately is key. Using extensive databases & the...

18/04/2024 Insurance Innovation

Adviser Insights

A market-first opportunities engine directly integrated into the centralised digital sales platform that consolidates Discovery’s unique data assets to identify...

Related news & insights

Digital Reinvention
15/04/2024 News

KBC announces plans for cutting-edge data centers in Belgium

These state-of-the-art facilities are not only set to enhance KBC's ability to deliver top-notch services but also signify a significant...

Insurance
06/03/2024 Article

Space data: How satellites are changing insurance

A burgeoning market for space data is creating a world of opportunity to better understand risks here on Earth, enabling...

Digital Reinvention
16/02/2024 Interview

NewTech Friday: ToumAI Analytics – Ensuring no voice goes unheard

ToumAI is on a mission to elevate African languages and insights, using advanced analytics to bridge the linguistic gap. The...

ESG
25/01/2024 Video

ESG data strategies: Insights and best practices

Nicolas Renous, Director of Risk & Sustainability at TNP Consultants, imparts valuable lessons and tips regarding ESG data.