In the wake of FDIC stress test failures, veteran financial technology firm Pendo Systems launched Version 3.1 of its data exploration, discovery, and analysis platform, The Pendo Data Platform (PDP). PDP enables financial institutions to quickly identify the resident dark data held hostage in legacy systems and documents. PDP is designed for business users to combine structured and unstructured data in a user-friendly dashboard, providing data harmonization and rapid analysis. The average project using PDP lasts two to three months.
Company officials expect this technology to benefit the industry by exposing the dark data required for complete transparency. Pendo’s CEO, Pamela Pecs Cytron, states, “Our results are undeniable. We are empowering the business users to accelerate delivery of results and eliminate delays within the technical process to obtain the data. Data sources are identified from a system, table, PDF, or even e-mail, generating a consolidated view. The data is then available for indexing, searching, and quick analysis.”