NCR division Teradata has won the contract to provide Bank of Shanghai with an enterprise data warehouse to provide a single view of the bank's business for analysis across departments and systems.
Bank of Shanghai began implementing the T24 core banking system from Temenos in 2004, and it has been operational since May 2006. As its business grew, the bank says it needed to develop analytical applications to allow queries and analysis of historical data from various business information systems. This need led the bank to the decision to build an integrated data warehouse platform to ensure high data quality for smooth business operations and development.
Teradata says it beat competitive tenders from HP/Neoview, Sun/Greenplum and IBM/DB2 to win the deal.
Teradata will help Bank of Shanghai build a centralised data warehouse platform by integrating data from T24, personal banking, international business and credit card systems. An ETL system for extracting, cleaning, loading and transforming data will also be set up to ensure consistent and usable data. The single view of its business provided by the warehouse will help the bank to deploy four major applications including anti-money-laundering capabilities, compliance with the 1104 regulations from the China Banking Regulatory Commission, historical data analysis for corporate banking and management analysis reporting.
The first phase of the project is expected to be completed in March 2008.