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Data-Driven Finance

Innovative use of technology to improve and automate the delivery of financial services.

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AI-Driven Fintech Services

Managing huge amounts of financial data — securely, efficiently, and thoughtfully.
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Financial Data Integration
and Visualization

Unite data from legacy systems, different standards, and APIs. Artificial Intelligence automatically harmonizes data coming from different third-party sources, ensuring real-time data syncing. So, you get financial data in real-time, and it's visualization — for easy decision-making.
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Fraud and Anomaly
Detection

Prevent unauthorized activities that can lead to data breaches. AI-based systems for real-time fraud detection and prevention identify unusual transaction patterns, verifying user identity, and implementing anti-money laundering (AML) measures.
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Fintech Scalability
and Performance

Scale your infrastructure, managing large volumes of transactions and ensuring the system’s stability. We analyze how the existing system processes data, optimize queries and redesign the cloud infrastructure for cost-effectiveness and improved performance. Efficiently written queries consume less computational resources.View page
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Big Data Analytics

Derive insights from large volumes of financial data. AI algorithms — in machine learning and deep learning — are adept at processing and analyzing vast amounts of data much more quickly and accurately than traditional methods.
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Internal Process Automation

AI-driven tools automate data entry, transactions, and report generation; analyze workflows to suggest improvements and automate unstructured data processing. AI also processes the data within the ERP system: financial entries, payroll data, and purchase orders.
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Predictive Analytics for
Financial Marketing

Enhance marketing effectiveness by predicting customer preferences. AI algorithms, particularly those in machine learning, analyze historical customer data. They segment customers into distinct groups and predict the outcomes of different marketing strategies.

Benefits of Data-Driven Finance

Benefits of e-commerce using our services and solutions:
01
Informed and timely decisions
for investments.
02
Reducing manual efforts and
improving operational efficiency.
03
Acting on opportunities
and threats swiftly.
04
Higher customer satisfaction
and loyalty.
05
Greater accuracy in reporting
and analytics.
06
Gaining immediate insights
into market trends.
07
Reducing the risk of non-compliance
and penalties.
08
Enhancing overall
operational efficiency.
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Boost Work Efficiency and Accuracy with Expert Machine Learning Support.

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Cases of Using Artificial Intelligence and Machine Learning

Check out a few case studies that show why DATAFOREST will meet your business needs.

Reporting Solution for the Financial Company

Dataforest created a valuable and convenient reporting solution for the financial company that successfully helped lower the manual daily operations, changed how access was shared, and maintained more than 200 reports.
1

solution to handle more than 200 reports

5

seconds to load a report

Reporting Solution for the Financial Company preview
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Enra Group is the UK's leading provider and distributor of specialist property finance.

Bank Data Analytics Platform

The Bank Data Analytics Platform project aims to develop a web-based application for the Client and its customers to query and analyze data relating to various banks and other financial institutions. The project involves building an interactive B2B web app with custom dashboards and analytics features, as well as using AI functionality to empower the application's development and analytics capabilities.
30+

system integrations

19%

CX boost

Stuart Theobald photo

Stuart Theobald

Chairman Intellidex, Financial Services and Consulting company
View case study
Bank Data Analytics Platform preview
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They've had a quick grasp of what we are trying to do and delivered to our spec without a fuss.

Show all Success stories

Steps
Towards Good Development

These data engineering development stages ensure that solutions are well-designed, thoroughly tested, and aligned with business objectives.

How we help companies?
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Step 1 of 7

Initial Project Assessment and Definition

In the early phases of our data engineering development process, we engage in a free consultation to gauge project compatibility. During the discovery and feasibility analysis, we adapt to your needs, whether it's high-level requirements. We gather information to define project scope through discussions, including feature lists, data fields, and solution architecture. We craft a project plan to guide our progress, reflecting our dedication to achieving project goals and delivering effective data engineering solutions.
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Step 2 of 7

Discovery

So, you have finally decided that you are ready to cooperate with DATAFOREST.

The discovery stage involves delving into the details of the project. Data engineers gather requirements, analyze existing data systems, and understand the needs of the business. This step is crucial for laying the groundwork for development, as it ensures that the project aligns with business goals and user needs.
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Step 3 of 7

Tech Design and Backlog Planning

In this stage, the technical architecture and design of the solution are formulated. Data engineers plan how data will be collected, stored, processed, and presented. Simultaneously, the project backlog is created — a list of tasks and features to be developed. This backlog is prioritized, ensuring that high-priority items are addressed first.
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Step 4 of 7

Development Based on Sprints

Development takes place in iterative cycles known as sprints. During each sprint, the development team tackles tasks from the backlog. The team focuses on coding, testing, and integrating the components. At the end of each sprint, a functional part of the solution is ready for review.
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Step 5 of 7

Project Wide QA

Quality Assurance is an ongoing process that permeates the entire project development lifecycle. It ensures rigorous testing, identification, and resolution of any bugs or issues to guarantee the solution's smooth operation, compliance with requirements, and alignment with quality standards. The solution is prepared for release as QA activities persist and necessary adjustments are continuously implemented.
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Step 6 of 7

Deployment and Rollout

The deployment phase involves releasing the solution to the production environment, making it accessible to users. It requires careful planning to ensure a seamless transition and minimal disruption. After deployment, the rollout phase begins, involving training for users and ongoing support to address any hiccups.
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Step 7 of 7

Support and Continuous Improvement

In the final stages, we ensure ongoing excellence. We guarantee optimal performance and swiftly address any issues. Simultaneously, our feedback process empowers us to continuously enhance the solution based on user insights, aligning it with evolving needs and driving continuous innovation.

What Data Science technologies do we use?

Pandas icon
Pandas
SciPy icon
SciPy
TensorFlow icon
TensorFlow
Numpy icon
Numpy
ADTK icon
ADTK
DBscan icon
DBscan
G. AutoML icon
G. AutoML
Keras icon
Keras
MLFlow icon
MLFlow
Natural L. AI icon
Natural L. AI
NLTK icon
NLTK
OpenCV icon
OpenCV
Pillow icon
Pillow
PyOD
PyOD
PyTorch icon
PyTorch
FB Prophet icon
FB Prophet
SageMaker icon
SageMaker
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Scikit-learn
SpaCy icon
SpaCy
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XGBoost
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YOLO

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Still have questions about data science services?

How does data engineering help finance make better investment decisions or manage risks?
Data engineering helps finance professionals collect, process, and integrate diverse financial data, enabling them to access comprehensive and accurate information for making better investment decisions and managing risks effectively.
What are some significant data engineering challenges specific to the finance industry?
Some primary data engineering challenges specific to the finance industry include handling large and complex financial datasets, ensuring financial data security and privacy compliance, and integrating data from disparate sources while maintaining accuracy and real-time processing. Also, there are challenges in data science for finance.
How does data engineering contribute to regulatory compliance in the finance industry, such as data privacy or anti-money laundering regulations?
Data engineering in finance solutions ensures regulatory compliance in the finance industry by implementing robust data governance, data lineage tracking, and data quality processes, ensuring the secure handling and seamless integration of data to meet data privacy and anti-money laundering regulations. It’s the work for data science and finance collaboration for risk analytics in banking, e.g.
What are the benefits of implementing data engineering solutions for financial institutions regarding operational efficiency and cost savings?
Implementing data engineering solutions for financial institutions results in improved operational efficiency and cost savings by automating data processes, streamlining data integration, and optimizing data storage, leading to reduced manual efforts, faster data access, and minimizing infrastructure costs.
Are there any emerging trends or innovations in data engineering specifically impacting the finance industry?
Yes, emerging trends and innovations in data engineering, such as real-time data processing, the use of distributed ledger technology (DLT) like blockchain for secure transactions, and the adoption of cloud-based data solutions, are explicitly impacting the finance industry by enabling faster, safer, and scalable data management and analytics.
Do data engineering solutions work with big data in finance?
Data engineering solutions handle big data in the finance industry by employing advanced data processing techniques, distributed computing frameworks, and efficient data storage systems, ensuring that large volumes of financial data are ingested, processed, and analyzed swiftly within big data analytics in finance.
What is financial data aggregation?
Financial data aggregation is collecting and consolidating financial information from multiple sources into a unified view, facilitating comprehensive analysis and reporting.
How is data transforming the financial industry, and what are the key driving factors behind this transformation?
Big data finance is revolutionizing how financial institutions manage and analyze vast information. The synergy between finance and data analytics is driving more innovative investment strategies. The role of big data in the finance industry is expanding as businesses seek more insights from their data.

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