This white paper explores how data transformation drives banking innovation, with Data Lakes at the core of digital strategy. Traditional banks face challenges from fintechs, customer demands, and fragmented data systems. By centralizing structured and unstructured data, Data Lakes enable advanced analytics, AI, IoT integration, and open banking. Outperforming banks that adopt Data Lakes achieve faster insights, predictive capabilities, and higher revenue growth. Cloud-based Data Lakes provide scalability, security, and cost efficiency. The paper stresses learning from industry leaders and leveraging best practices to reduce transformation failure rates and accelerate innovation.

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