Charles Schwab & Co., Inc.

Charles Schwab & Co., Inc., the brokerage subsidiary of The Charles Schwab Corporation and one of the nation's largest financial services companies, has selected Teradata technology to support its reporting and analytical needs.

Schwab chose Teradata for its parallel database technology, linear scalability, and ability to support real-time business intelligence. With both historical and current operational data consolidated into one central data warehouse, front-line employees can have direct access to information for both analytics and decision-support needs. In addition, data mart consolidation will help Schwab reduce IT complexity and improve customer service.

"With both operational and customer data stored in one central repository, the business can easily manage, access and analyze information for faster decision making, and improved customer service," says Scott Strait, Chief Technology Officer, Charles Schwab.