Italy's UniCredit Group has selected technology from Teradata as the platform for a new CFO data warehouse designed to improve compliance and cut costs.
Teradata says the technology will guarantee the collection and use of all data needed to support principal CFO areas such as asset and liability management, credit treasury, capital allocation, planning and control.
The project's starting point is deployment of the Teradata financial logical data model, which provides an enterprise-wide view of data.
Domenico Ambrisi, head, global enterprise services data warehouse, UniCredit Global Information Services, says: "During these challenging economic conditions, it is key to have detailed and relevant data which allows deep visibility into all divisions of the bank. Our vision is to create a unique solution, which will start with the Chief Financial Officer group, then be deployed across the enterprise."