Standard Chartered First Bank Korea

Money in the Bank

Standard Chartered First Bank Korea (SCFB) was seeking a means of shifting from a product-centric to a customer-centric business model – and they streamlined the process with Teradata Relationship Manager. The Teradata solution aligned perfectly with the bank’s strategy and initiatives and was so successful that SCFB’s parent company is now adopting it for application worldwide.

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"The Teradata solution aligned perfectly with our strategy and initiatives to move to a customer-first approach, not only within Korea but also globally."

Michael Yanuzzi, Senior Vice President of Business Intelligence, Standard Chartered First Bank Korea,, Teradata Magazine Online, 2009

Like many enlightened financial services institutions, Standard Chartered First Bank Korea (SCFB) decided to move its emphasis from products to customers. The bank already had an Enterprise Data Warehouse from Teradata (EDW) in place, and so in 2008 SCFB selected Teradata Relationship Manager (TRM) to smooth the transition to this new business model – with great success.

With its comprehensive analytics and marketing automation software portfolio for customer relationship management, TRM helped SCFB marketers to rapidly leverage the power, speed, and real-time capabilities of the bank’s EDW. Michael Yanuzzi, SCFB’s Senior Vice President of Business Intelligence, called the decision to invest in TRM a "slam dunk."

It didn’t take long for SCFB users to create highly targeted and effective campaigns with TRM’s user-friendly interface. TRM’s analytic capabilities enabled these same users to easily identify clients with the lowest risk, highest profitability, and greatest loyalty, which created even more success. SCFB is currently using TRM’s powerful analytics to fine tune campaigns, and is working toward opening its event-based marketing to additional customer channels, such as its ATM network. 

 

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Analytical CRM at BAWAG PSK
Discover how a Teradata data warehouse and Teradata CRM are helping this financial services industry leader implement a strategic campaign management system based on improved customer relationships.

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