BEIJING, China —
Teradata Corporation (NYSE:
TDC), the global leader in enterprise data warehousing, today announced that the Teradata
Enterprise Data Warehouse (EDW) built for
Industrial and Commercial Bank of China (ICBC, SSE: 601398; HKSE: 1398), one of the largest banks in China, became operational in early 2008.
Teradata was selected in 2007 to deploy an
EDW that integrates the information resources from across ICBC to support all the
analytical applications for the bank and improve its operational and management efficiency. In the first phase of the project, Teradata assisted ICBC in building a centralized EDW for data analysis to support back-office applications. This was accomplished by integrating data from core operational systems across the bank.
In view of the scale and diversity of ICBC's operations and the number of its customers, this EDW project is the first and the largest of its kind in the Chinese banking industry based on its data capacity, technical level and implementation challenge.
"We feel honored that ICBC has selected
Teradata's Enterprise Data Warehouse, and we will continue to work with ICBC to deploy information management and business applications," said Cliff Wu, vice president of Teradata Greater China. "Teradata is an ideal choice because we have over 25 years of global experience in data warehousing and in-depth experience in the
global banking industry."
About ICBC
Founded in 1984, ICBC has now established 16,500 domestic institutions, serving 2.72 million corporate banking customers and 170 million personal banking customers by the end of 2007. It provides comprehensive financial services in both renminbi and foreign currencies for corporate banking, personal banking, e-banking and international transactions. As a leader in China's banking industry, ICBC has quality customers, diversified businesses and services, robust innovative capabilities and market competitiveness, as well as strong brand recognition and value.
About Teradata
Teradata Corporation (NYSE:
TDC) is the world's largest company focused on raising intelligence through data warehousing and enterprise analytics. Teradata is in more than 60 countries and on the web at
www.teradata.com.
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Teradata is a trademark or registered trademark of Teradata Corporation in the United States and other countries.
