Huishang Bank contracts Teradata to build enterprise data warehouse

Source: Teradata

Teradata Corporation (NYSE: TDC), the world's largest company solely focused on data warehousing and enterprise analytics, today announced that Huishang Bank, China's first joint-stock commercial bank originating from the restructuring of city commercial banks and urban credit cooperatives, has selected Teradata to build its enterprise data warehouse (EDW).

The Bank will use the EDW to address regulatory requirements in operations, risk management, and capital management.

After a rigorous evaluation process, the Bank selected Teradata from a group of major data warehouse suppliers including IBM. The Bank chose Teradata as its partner in the EDW project due to the superior massive parallel processing capabilities of Teradata's solutions, as well as its professional consulting and implementation team.

The Bank will integrate customer, operations and financial data from its major business systems into a centralized Teradata Active Enterprise Data Warehouse. The bank chose an active EDW to provide a single view of the business, which can be leveraged to provide enterprise intelligence for enhanced operations and management. Once implemented, the EDW will support existing, as well as future applications throughout the Bank. In addition, it will provide timely and accurate reporting for compliance with the 1104 regulations from the China Banking Regulatory Commission.

"We are honored to join the largest IT infrastructure project undertaken by Huishang Bank this year. This is the beginning of a strategic partnership between Teradata and China's city commercial banks. Teradata will assist the Bank with its information services system planning and implementation by providing powerful world-class solutions for fast, accurate and detailed data management capabilities. We are dedicated to supporting their business development with Teradata best practices and innovative business insights," said Simon Yang, vice president of Teradata in the greater China area.

As its businesses has expanded, Huishang Bank faces several challenges including the ever increasing growth of data from separate business systems, inconsistent data and complex data management, as well as the inability to transform existing data into effective information to support decision making. Issues such as these have had a strong effect on the decision-making capabilities of both senior management and information technology executives.

With Teradata technology, it is estimated that the time to process deposit and loan reports will decrease by as much at 30 percent. The improved reporting will provide detailed data at any point of time enhancing management efficiency. A "dashboard" will offer management a visual and clearer status of the business with interactive graphs, data and other multiple operations.

The first phase of the EDW project will deploy the EDW and critical applications, which address the urgent demands of all business departments and branches. The total capacity of the initial system will be 12 terabytes of data. Teradata Professional Services will help the Bank to implement the Teradata Financial Services Logical Data Model, a physical data model customized for the Bank, and a metadata management solution for all data stored in the systems. In addition, the Teradata BAR (backup, archive and recover) solution will be deployed. The second phase will integrate additional business unit data and applications.

According to Yang, this Teradata project will serve as an important and desirable model for other city commercial banks and urban credit cooperatives in building their data warehouses in the future.

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