Expects the new technology to decrease time to process deposit and loan reports by as much as 30%
Huishang Bank, a China-based joint-stock commercial bank, has selected Teradata to build its enterprise data warehouse.
The bank will use the enterprise data warehouse (EDW) to address regulatory requirements in operations, risk management, and capital management.
According to Teradata, 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.
With Teradata technology, it is estimated that the time to process deposit and loan reports will decrease by as much at 30%. 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, said Teradata.
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 12Tb of data.
Simon Yang, vice president of Teradata in the greater China area, said: 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.