Search Rocket site

Industry

Financial & Banking

Company

Norddeutsche Landesbank Girozentrale (NORD/LB) is one of the largest commercial federal state-owned banks in Germany. Headquartered in Hanover, Germany, NORD/LB comprises more than 6,000 employees and spans 21 cities worldwide, including Paris, New York, London, and Shanghai. NORD/LB partners with 65 savings banks across Northern Germany and beyond, in addition to operating as a service provider for individual savings banks.

Challenge

As a systemically important bank (SIB), NORD/LB houses massive amounts of data related to business (e.g., several reporting systems) and IT (e.g., millions of tables and fields contained in databases) and has long-required solutions for governing that data.

When NORD/LB was faced with a new regulation in 2015—the Basel Committee on Banking Supervision’s regulation number 239 (BCBS 239)—the bank needed to quickly enhance its data governance strategy. BCBS 239 necessitated proof of risk data aggregation capabilities and internal risk reporting practices to bolster overall risk management. To comply with BCBS 239, NORD/LB sought a solution that would enable more comprehensive documentation of the bank’s most important critical data elements (CDEs); risk data aggregation processes (especially for new staff); and the flow of data and metadata within the bank’s IT architecture.

NORD/LB elected to use the Rocket® Data Intelligence solution to meet the demands of BCBS 239. Leveraging Rocket Enterprise Data Intelligence expanded its capabilities by providing data quality management, enterprise data dictionary, business intelligence, enterprise metadata management, and most importantly, data lineage. These functionalities would be critical for providing NORD/ LB with the data visibility and governance capabilities needed to comply with regulations.

Once the solution was implemented and tested, Rocket Software made sure NORD/LB stakeholders were trained on DI so they could use it to its full potential.
Herbert Fehse
Applications Manager, NORD/LB

Want to learn more?

Case Studies

Document Critical Data Elements With a ‘Click’
Download the full case study

Contact Sales

Visit contact us

Modernize with Rocket Software. Without disruption.

Get started