Instituto de Crédito Oficial

Instituto de Crédito Oficial is a state-owned bank attached to Spain’s Ministry of Economy. Its functions are to promote economic activities contributing to growth and the development of the country, and improving the distribution of national wealth.

Business Need

Utilize existing data source systems, while avoiding system changes
Scale as financial reporting requirements increase

Standardize on a single integration tool for the organization

Challenges

Comply with frequent changes and growing data requirements for reporting to the Bank of Spain and European Central Bank
Adopt modern, cloud-based solutions to drive public sector digital transformation

Compile financial data from disparate source systems faster and more cost effectively, using fewer IT resources

Solutions & Results

Increase reporting agility using Informatica Intelligent Cloud Services to improve financial data management
Prepare for a multi-cloud future by deploying next-generation Integration Platform as a Service (iPaaS)
Enable faster report development using 20-30% of the engineering resources previously required

Use Informatica Cloud Data Integration to synchronize and replicate data from Oracle, SAP, Microsoft SQL Server, and flat files
Enhance compliance with financial services reporting standards in Spain and the EU, avoiding fines up to hundreds of thousands of euros for the most serious incidents
Encourage recommendations and plans for digital services in the public administration at the European level, as well as in Spanish

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