P&N Group goes for AI in cloud with Informatica, Snowflake

P&N Group, a customer-owned banking group in Australia, has engaged Informatica and data cloud firm Snowflake for cloud analytics modernisation.

The partnership involves Informatica’s Intelligent Data Management Cloud’s AI-powered, cloud-native services including data ingestion and orchestration, data quality and data governance on Snowflake Data Cloud for reporting, analytics and data science.

P&N Group is represented by P&N Bank in Western Australia and BCU Bank in New South Wales and south-east Queensland. 

The new technology partnership with Informatica and Snowflake is part of P&N Group’s digital transformation strategy that aims to deliver more personalised banking for its customers, while ensuring the protection and integrity of customer data.

The Informatica and Snowflake solution will give P&N Group greater business agility by rapidly scaling high data volumes and removing siloed data across P&N Bank and BCU Bank systems to derive meaningful insights. 

This will help the bank’s data science team better support customer satisfaction, retention and the overall customer experience. It will also provide the bank with more robust data management for regulatory reporting purposes.

Chris Malcom, general manager of data and open banking at P&N Group said their transformation program involves an investment in strategic platforms that will provide secure data environments, advanced data ingestion and offer advanced automated governance tools. 

Richard Scott, group VP for Asia Pacific at Informatica, said P&N Group’s plans to adopt their new AI-powered, cloud-native solutions to improve customer experience and regulatory compliance.