Republic Bank selects MicroStrategy for reporting and analytics

Source: MicroStrategy

MicroStrategy Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that Republic Bank Limited in Trinidad has selected MicroStrategy over Business Objects for reporting and analytics for its new data warehouse platform.

Republic Bank is the leading bank in Trinidad and Tobago and one of the largest in the Eastern Caribbean.

MicroStrategy will replace Business Objects' Crystal Reports to provide reporting and analysis capabilities for finance and business intelligence at the Republic Bank headquarters in Trinidad. MicroStrategy will enable Republic Bank employees to monitor key financial metrics and seamlessly drill into detailed reports to view underlying data. Using MicroStrategy, along with the HP Neoview data warehousing platform and a banking data model from Quadrant Risk Management, Republic Bank users will be able to obtain timely insights into financial performance and make analytically-based business decisions.

"As we evaluated business intelligence technologies, we wanted an open systems BI solution that offers optimization across a broad range of technologies" said Denyse Ramnarine, Senior Manager, ITMD of Republic Bank Limited. "MicroStrategy's integration with HP Neoview was important to us and we were impressed with MicroStrategy's flexibility. We look forward to expanding the scope of our BI applications as we deploy MicroStrategy across our enterprise."

"MicroStrategy is pleased that Republic Bank selected MicroStrategy for its financial reporting and analytics," said MicroStrategy COO Sanju Bansal. "Open system BI provides customers with freedom of choice to seamlessly exchange one component of the technology stack with another. MicroStrategy is certified to work with a wide range of open systems components, enabling customers to mix and match the technologies best suited for their organizations."

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