Company Research Report: Cinchy
Company Overview
- Name: Cinchy
- Mission: To simplify data management by enabling data collaboration across teams and converging data and applications into a single experience where data works the way it should — connected, collaborative, and completely under your control.
- Founded: No information is available
- Founders: No information is available
- Key People: Paul Patterson (CEO)
- Headquarters: No information is available
- Number of Employees: No information is available
- Revenue: No information is available
- Known For: Cinchy is known for its data collaboration platform that eliminates data silos and complexity, transforming data into a network of federated data products. It allows teams, AI, SaaS applications, and legacy systems to co-produce collaborative intelligence in real-time.
Products
- Data Collaboration Platform
- Description: A comprehensive platform that liberates data from enterprise apps, evolving it into a universal, fully collaborative data network.
- Key Features:
- Elimination of data silos and IT bottlenecks
- Real-time, bidirectional data synchronization
- Simplified connectivity with built-in no-code connectors
- Unified interface or API for data access and interaction
- Governance and compliance with automated data access controls
- Adaptable for AI integration and legacy application support
Recent Developments
- New Products Launched: No information is available
- New Features Added: No information is available
- Partnerships and Agreements:
- Cinchy has collaborated with organizations such as TD Bank, Colliers International, AIS, and Natixis to facilitate data collaboration and accelerate digital transformation projects.
Use Cases and Customer Impact
- Retail: Cosmo Music achieved real-time data collaboration and streamlined workflows by implementing Cinchy's data collaboration platform.
- Credit Union: A Houston Credit Union used Cinchy to drive $1 million in deposits and $700,000 in portfolio growth through real-time data access.
- Financial: A Canadian multinational bank reduced CDIC report time by 90% and saved $75K annually by using Cinchy's platform.
- Non-Profit: The YMCA of Greater Toronto leveraged a data fabric to allow members to return safely during COVID-19, enhancing member applications without replacing legacy systems.
Platform Capabilities
- Liberate: Breaks free from application silos and seamlessly syncs data for limitless reuse.
- Federate: Empowers data with structure through collaborative data products, embedding governance and control.
- Collaborate: Enables real-time, interactive data access and collaboration, fostering future-proof flexibility.
Business Benefits
- Enhance customer engagement with a 360° view
- Drive system consolidation and operational efficiency
- Improve financial services through collaborative intelligence
- Increase customer retention and revenue growth
Integration and Infrastructure
- Core Systems Supported: Keystone, Symitar, Silverlake, Phoenix
- Integration Partners: Various, allowing seamless data integration across different platforms without affecting existing IT infrastructure
Conclusion
Cinchy is at the forefront of a data collaboration revolution, advocating for the integration of data mesh principles in modern enterprise environments. Its platform effectively bridges the gap between disparate data sources, promoting a seamless flow of collaborative intelligence to enhance business operations and revenue generation.
