Major financial institutions use Palantir Foundry to centralize and accelerate their operations in compliance with rapidly-changing regulatory terrain. With a unified and securely managed view of their clients, banks are unlocking their ability to collaborate across functions - from client onboarding to marketing.
Accelerating compliance with a Single Client View
A global bank automatically resolved 4 billion customer records spread across jurisdictions.
Accessing customer information necessary for compliance is now 90% faster.
Read full impact studyGrowing the business while minimizing risk
A retail bank could only investigate 30% of new account applications flagged for money laundering risk, and automatically rejected the others.
With Foundry, the same team now investigates 100% of flagged accounts.
Read full impact studyPowering multi-factor transaction monitoring
Multi-factor alerting models developed in Foundry allow a global bank to address evolving threats and reduce false positive alerts.
Alert triage is now 45x more precise and analysts resolve alerts 60% faster.
Read full impact studyDelivering the right message at the right time
Assembling data for “Next Best Offer” marketing campaigns and analyzing performance used to take a retail bank up to 3 months.
The bank now tests and launches new campaigns daily. And net response rates are up more than 15% across channels.
Read full impact studyRevealing revenue and retention opportunities
A payments processor integrates billions of records to understand its merchant customer base, boost revenue, and save high-value customers at risk of churn.
Insights into customers have generated tens of millions in incremental revenue.
Read full impact studyOvercoming complex cross-border regulation
A global bank used Foundry to reboot their data lake effort and build a cross-border data infrastructure in three months.
Over the next six months, the bank delivered more than 20 use cases across the business.
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