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Bank of Tianjin Builds New Enterprise Data Warehouse with Teradata
Oct 20, 2010 (06:10 PM EDT)
Leading the way in China's banking industry with real-time analytics to significantly strengthen its business management
SAN DIEGO and BEIJING, Oct. 20 /PRNewswire/ -- Leading the Chinese financial services market, the Bank of Tianjin has selected the Teradata Active Enterprise Data Warehouse as the foundation for its enterprise-wide real-time business intelligence system. Teradata Corporation (NYSE: TDC) will help the bank provide real-time analytics to support operational and strategic decision-making.
A project manager at the Bank of Tianjin said, "Teradata is highly-regarded in China for its first-class products and its professional service. We are confident that the bank will significantly strengthen its business management with the deployment of enterprise data warehouse that can grow as the bank grows."
The Bank of Tianjin bank needed better, faster answers to its business questions, which the legacy reporting systems couldn't support. In addition, the legacy system couldn't manage the unprecedented growth of data from its operations. The bank decided to build an enterprise data warehouse to overcome the challenges of data stored in disparate databases, reports with inconsistent statistical indicators, poor quality data, data duplication and the waste of information technology resources. The bank will deploy five major applications to run in the data warehouse: customer relationship management, performance management, risk management, financial management, and information management
"Deployment of an enterprise data warehouse requires the close working relationship between the vendor and the customer. Teradata has a long and successful history of becoming a solid partner for success," said Aaron Hsin, vice president, Teradata Greater China. "We are committed to helping the bank achieve their business objectives and appreciate the Bank of Tianjin's management team and their attention to the project."
About Bank of Tianjin
The Bank of Tianjin was founded in 1996 and has 192 business offices. In 2006, the Bank of Tianjin partnered with ANZ, and established branches in Binhai, Beijing, Tangshan, Shanghai and Jinan successively. The Bank of Tianjin also invested and founded Rural Bank of Jixian. At the end of June 2010, the Bank of Tianjin had 172.3 billion RMB total assets, 146.3 billion RMB of deposits and 71.7 billion RMB of loans. The Bank of Tianjin ranks 463 of the latest The Banker Top 1000 World banks released by the Xinhua News Agency.
Teradata Corporation (NYSE: TDC) is the world's largest company solely focused on raising intelligence and achieving enterprise agility through its database software, enterprise data warehousing, data warehouse appliances, consulting, and enterprise analytics. Visit Teradata on the web at www.teradata.com.
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SOURCE Teradata Corporation