Banks are among the most data-intensive institutions—almost everything a bank does is based on digital processing and data analytics, including advanced analytics and models. For banks, their data is the business.
The potential of AI at scale has driven a realization that many banks may not have their data houses in order. Celent’s latest Dimensions survey and research show that AI tops the agenda for technology priorities, but the journey to enable AI at scale—and to support a new generation of intelligent banking products—has become increasingly complex to manage. Individual systems being built, bought, or acquired over many years have created a messy architecture of old and new applications and data stores. Moreover, the data management challenge is significantly greater for banks operating in multiple geographies compared to a single country or region. Despite all the investments banks have made in data platforms and data management over the past 10 or so years, data issues remain pervasive!
Source: Celent Data Fabric Survey, 2025
InterSystems is a privately held vendor of cloud- and hybrid-based data platform technology that provides unified database management, analytics, integration, and data services capabilities. As an enterprise data platform and data management provider, InterSystems’ main products include InterSystems IRIS® data platform, InterSystems® Data Fabric Studio™, and a variety of industry-specific applications that are variations of these core products. Moreover, InterSystems distinguishes its solutions as providing a “Smart Data Fabric” architecture, which connects to live data from multiple sources and embeds generative AI (GenAI), business intelligence, natural language processing, and machine learning capabilities directly within the fabric.
Source: InterSystems
In the first quarter of 2025, InterSystems briefed Celent on its financial services industry strategy and InterSystems IRIS and InterSystems Data Fabric Studio solutions.
