Banco de Credito, Peru's largest commercial bank, is replacing NCR Teradata with Oracle to manage its data warehouse of more than two terabytes of customer, product and transactional data.
Oracle says the bank chose the new database based on results from an independent cost performance benchmark of vendor offerings performed by the bank's information technology (IT) team.
Ricardo Bustamante, chief information officer for Banco de Credito, comments: "We chose to migrate to the Oracle Database because the results of the benchmark verified the Oracle Database's ability to outperform other options in performance, scalability and total availability for our applications...We also looked at cost, and again, Oracle came out ahead."
By 2003, the information in Banco de Credito's customer database is expected to reach three terabytes and by 2005, the database is expected to grow to more than five terabytes.
Banco de Credito's migration from NCR Teradata to the Oracle Database is scheduled to be completed in 2002 with the assistance of Magma Migration Workbench, a package of methodologies and toolkit developed by Magma Solutions.