Hua Nan Financial to move to Teradata enterprise data warehouse

Source: Teradata

Teradata, a division of NCR Corporation (NYSE:NCR), announced today that Hua Nan Financial Holdings Company (HNFHC) has selected the Teradata Warehouse as its business analytics and decision-making foundation to enhance enterprise intelligence.

HNFHC will consolidate data from business units across the enterprise into the Teradata enterprise data warehouse. The integration of data from credit card, wealth management, property insurance, fund business, consumer banking, corporate banking and other lines of business will enhance data analysis and support management in making better, faster decisions.

HNFHC plans to migrate the data and software applications from the existing IBM data warehouse to a Teradata enterprise warehouse. After a series of rigorous evaluations, HNFHC selected the Teradata data warehouse over the other competing vendors.

"We had conducted a proof-of-concept test before we made the decision regarding the new data warehouse vendor. Besides loading thousands of terabytes of data into the new system to verify the vendors' performance claims, we also invited business users from different departments to interview consultants to make sure the selected vendor has abundant experience and industry knowledge in the implementation of data warehouses in the banking industry," said Casey Lo, vice president and deputy general manager, HNFHC Information Technology and Administration Department.

HNFHC announced the request for proposal for a new vendor in early June 2006. All bidders participated in multiple tests of their software and hardware. Teradata was the only bidder that passed all tests in the four-month period and, as a result, they were selected by HNFHC to provide the company's enterprise data warehouse.

"We are pleased that the Teradata warehouse solution was selected by HNFHC. It proved our solutions provide financial services firms with a competitive advantage," said Sean Wu, general manager of Teradata in Taiwan. "With Teradata's powerful, integrated data warehouse platform and the experience we gained by serving top financial institutions in the world, we will help HNFHC improve decision efficiency and business performance."

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