25 June 2017
download the report now

Wachovia moves to Teradata enterpise data warehouse

17 November 2005  |  4926 views  |  0 Numbers blue_2

US bank Wachovia is implementing data warehousing technology from NCR-subsidiary Teradata which it will use to consolidate its existing disparate risk databases across the enterprise.

Teradata says the bank has selected its technology as part of a new risk managment programme which will consolidate numerous data sources across the enterprise into a centralised warehousing environment.

Nancy Church, Wachovia's chief information officer of shared services, says: "The Teradata solution is attractive to Wachovia because, once the risk information management programme is in place, we can leverage the Teradata investment to reduce the overall cost and complexity of our business intelligence systems."

The vendor says the new risk data platform will also enable the bank to meet the data management standards of the Basel II capital accord, which will be introduced in the US in 2009.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Wachovia revamps Web banking service

Wachovia revamps Web banking service

16 November 2005  |  6407 views  |  0 comments
IIF warns of dangers of Basel II delays

IIF warns of dangers of Basel II delays

15 November 2005  |  7163 views  |  0 comments
Wachovia terminates MBNA credit card agreement

Wachovia terminates MBNA credit card agreement

04 November 2005  |  12251 views  |  0 comments
Wachovia models payments business

Wachovia models payments business

14 October 2005  |  5748 views  |  0 comments
Bankers question US Basel II hold-up

Bankers question US Basel II hold-up

05 October 2005  |  5722 views  |  0 comments
Wachovia licenses Fundtech payments hub

Wachovia licenses Fundtech payments hub

05 September 2005  |  5170 views  |  0 comments
Wachovia licenses Application Networks' JRisk

Wachovia licenses Application Networks' JRisk

26 March 2004  |  5258 views  |  0 comments
Wachovia signs with Fitch Risk for access to OpVantage databases

Wachovia signs with Fitch Risk for access to OpVantage databases

25 February 2004  |  6056 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit vasco.com/news/PSD2-compliant-solutionsdownload the report now

Top topics

Most viewed Most shared
Live: EBAday 2017, day twoLive: EBAday 2017, day two
9620 views comments | 4 tweets | 5 linkedin
Worldpay pilots app-only mPOS for small retailersWorldpay pilots app-only mPOS for small re...
9185 views comments | 18 tweets | 27 linkedin
Live: EBAday 2017, day oneLive: EBAday 2017, day one
8769 views comments | 3 tweets | 4 linkedin
UK banks will need to change one million sort codes under ring-fencing rulesUK banks will need to change one million s...
8222 views comments | 8 tweets | 25 linkedin
What Banks and their customers can expect for the futureWhat Banks and their customers can expect...
7229 views comments | 7 tweets | 10 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job