UniCredit Group to Build CFO Data Warehouse on Teradata Platform - 4/29/2009
The new CFO Data Warehouse will be a pillar of UniCredit's governance initiative
ISTANBUL, Turkey — Teradata Corporation (NYSE: TDC), the world's largest company solely focused on data warehousing and enterprise analytics, announced today that UniCredit Group, a leading financial international institution serving over 40 million customers, with over 10,000 branches in 22 European countries, has selected Teradata technology to implement its "CFO Data Warehouse." The announcement was made at the Teradata Universe, the annual summit dedicated to enterprise data warehousing, which is now underway in Istanbul.
UniCredit Group will use the data warehouse as the information-driven engine of the company to support strategic business initiatives such as compliance, cost reduction and increased profitability. The implementation of the CFO Data Warehouse will guarantee the collection and use of all the data needed to support the principal CFO areas such as: asset and liability management, credit treasury, capital allocation, planning and control. The information will be available enterprise-wide, from the business unit to the bank’s holding company.
"During these challenging economic conditions, it is key to have detailed and relevant data which allows deep visibility into all divisions of the bank. Our vision is to create a unique solution, which will start with the Chief Financial Officer group, then be deployed across the enterprise," said Domenico Ambrisi, head of Global Enterprise Services Data Warehouse, UniCredit Global Information Services. "The Teradata system at UniCredit will be capable of providing information at the right time based on the ever-changing needs of the business, which is very important."
"UniCredit is a significant new customer," said Hermann Wimmer, Teradata president of Europe, Middle East and Africa. "Basel II regulations, the pressure on revenue, demands to reduce costs, and the increased risk of doing business in today's financial environment demand that an institution have an integrated view of its business performance. Unicredit can certainly count on Teradata’s great experience for this important international project."
The project's starting point is deployment of the Teradata Financial Logical Data Model, which is an integrated, cross-functional model that provides an enterprise-wide view or blueprint of data. The Teradata Financial Logical Data Model supports the concept of load once, and use many times, which means that data are collected in one central location and made available for multiple uses across the enterprise.
Teradata Corporation (NYSE: TDC) is the world’s largest company solely focused on raising intelligence through data warehousing, data warehouse appliances, consulting services and enterprise analytics. Teradata is in more than 60 countries and on the Web at www.teradata.com.
Teradata is a trademark or registered trademark of Teradata Corporation in the United States and other countries.
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