Kafka in the Cloud: Why it’s 10x better with Confluent | Find out more

NORD/LB Supports Multi-Year, Bank-Wide IT Transformation with Confluent

“Confluent’s technology continues to provide the opportunity to develop competitively differentiated products for the future and is the technology we’ll take our next steps with.”

Sven Wilbert
NORD/LB

Challenge

Help drive a bank-wide transformation that includes a 500 million euro investment in new IT systems and digitalization initiatives

Solution

Set data in motion with Confluent to develop a new core banking platform, enabling improved real-time analytics, fraud detection, and customer retention.

Results

  • Competitive differentiator established
  • Event streaming adoption streamlined
  • Streaming infrastructure costs reduced
nord-featured

With total assets of more than 164 billion euros, NORD/LB Norddeutsche Landesbank is one of Germany's leading commercial banks. The bank is in the midst of an enterprise-wide transformation program, NORD/LB 2024, in which it will invest about 500 million euros in new IT systems and digitalization initiatives.

As part of the NORD/LB 2024 program, the bank is developing a new core banking platform based on event streaming with Confluent. In addition to enabling more advanced, real-time analytics across the bank, this platform will support improvements in fraud detection, customer retention, and trade/investment analysis, as well as new products that will differentiate NORD/LB from its competitors in the market.

More Customer Stories

Nationwide Building Society

Nationwide Building Society is a British mutual financial institution, the seventh largest cooperative financial institution and the largest building society in the world with over 15 million members.

nuuly

A team of engineers and developers at Nuuly designed, built and deployed a real-time event streaming architecture based on Confluent Cloud and Apache Kafka in just six months.

Otto logo

Confluent Helps Power a Diverse and Scalable Online Shopping Experience for OTTO