Despite proof and evidence of the benefits of cloud migration, skepticism remains about its security, slowing the process of digital transformation in safety-critical contexts such as Banking, Digital Payments and all those companies that have stringent regulatory requirements. Inspired by its customer experience, Data Reply enabled Data Analysis and Machine Learning on AWS Cloud for Nexi, the largest Italian PayTech Company, bringing quantity and quality of data and leveraging Artificial intelligence-based technologies, resulting in major impacts in customer’s capabilities in areas like Fraud, Risk Management, Marketing and Operations, in a safe and compliant way.
Nexi works with Banks to provide solutions for making and accepting digital payments that are innovative, simple and secure for Individuals, Business and Public Administration. Nexi manages about 41,3millions of payment cards and 5,5 billions of transactions per year, counts 890k merchants, 1,4 millions of POS terminals, 446 billion euros in transactions, 13,4k ATM in Italy and 420k companies members of Corporate Banking services (Nexi - Investor Relations ).
Therefore, Nexi is a customer intrinsically oriented to innovation, investing in technology and owning large amounts of data, from which useful information can be extract, enhancing business knowledge and building better customer experiences, improving operational efficiencies, delivering new products and finally driving successful actions through informed decisions.
Nevertheless, digital payments and banking businesses have critical issues on data safety and security, slowing down cloud transformation process and migration to the cloud.
The huge amount of data managed by Nexi is ingested from several sources on its systems and resides on on-premises facilities, making information scattered and hard to access and consult. The challenge lies in data distribution on heterogeneous source systems, whose access is regulated by strict laws concerning security and privacy, but also on a great workload variability. All this leads to a cloud solution, to leverage flexibility and scalability of provided services.
The final target is creating a complete and centralized analytical infrastructure for data analysis and exploration, to identify useful information, create and industrialize machine learning models suitable to extract this information, all on a single platform, thus creating a big datalab for data scientists and analysts, accessible and scalable. The architectural solution has been designed together with Nexi Data & Analytics departments and fully developed by Data Reply, accordingly to client’s guidelines. Sensible data are processed and encrypted on-premises, thus making storage of data on cloud provider safe and compliant with GDPR laws.
Stefano Gatti, Head of Data & Analtycs at Nexi
Alberto Danese, Head of Data Science at Nexi
Nexi S.p.A. is an Italian company with international profile offering digital payments services and infrastructures to banks, companies, institutions and public administration. Nexi’s mission is to change the way Individuals and Businesses make their day-to-day payments and collections, making all payments digital, easier, faster and more secure.
Data Reply is the Reply group company offering a broad range of advanced analytics and AI-powered data services. We operate across different industries and business functions, enabling them to achieve meaningful outcomes through effective use of data. We have strong competences in Big Data Engineering, Data Science and IPA; we build Big Data platforms and implement ML and AI models in a manner that is repeatable, efficient, scalable, simple and yet secure. We supports companies in combinatorial optimization processes with Quantum Computing techniques that enable an engine with high computational performances.