Starburst, the Trino Company, is pleased to have its data lakehouse selected by HSBC, one of the world's largest banking and financial services organizations, to support how the bank accesses and gains value from its large-scale analytical data stores. By relying on Starburst for its data lakehouse, HSBC is making data that’s globally dispersed across heterogeneous sources instantly accessible, while ensuring enhanced compliance and significantly reducing operational costs. 

Starburst's technology has ensured that HSBC now benefits from a data platform capability that enables safe data access,in an agile way that complies with local and international regulations. This integration optimises banking operations and reduces the complexity of compliance processes, while enabling HSBC to leverage its real-time data to anticipate customer needs and strengthen its competitiveness in international markets.

The scalable data lakehouse technology developed by Starburst is an integral part of HSBCs’ hybrid data platform. It enables HSBC to drastically reduce data transfers and duplication, resulting in significant gains in operational efficiency and cost reduction. Starburst also provides unified access to data while respecting local data sovereignty regulations, strengthening HSBC's data governance.

Starburst's solution has allowed HSBC to enhance its access to information residing in separate silos bypassing traditional data engineering delays and enabling queries to be executed up to 20 times faster, reducing analysis time from several hours to just a few minutes. In addition, by integrating data from a variety of sources while maintaining rigorous access and masking controls, Starburst's technology is helping HSBC to strengthen its approach to governance and compliance.

“The data virtualisation capability powered by Starburst’s data lake house delivers significant benefits to our organisation and our customers,” said Kai Yang, CIO, Group Data Technology at HSBC. “It gives our teams the agility and scalability  to integrate new data sources quickly and securely. This allows us to leverage data as a true strategic asset to improve decision-making and long-term customer outcomes.” 

With this innovative use of data supported by Starburst technology, HSBC also earned the Hong Kong Business Technology Excellence Award in the Virtualisation - Banking category, a recognition that underlines HSBC's commitment to improving decision-making processes through the use of AI and data management.