Wachovia moves to Teradata enterpise data warehouse
17 November 2005 | 5059 views | 0
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.