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Teradata, a division of NCR Corporation, announced the introduction of the
Teradata enterprise risk management solution. The announcement signals the
expansion of Teradata's commitment to help financial services institutions
respond to a range of regulatory requirements while creating strategic value for
the business enterprise. The solution provides an integrated data management
platform, which includes a comprehensive combination of hardware, software and
professional consulting services.
“Teradata is focused on enabling financial services executives to transform
compliance issues from a management migraine into a strategic opportunity,”
said Jim Donovan, VP, Teradata of global industry solutions for financial
services. “The Teradata enterprise risk management solution creates a single,
authoritative data environment to ensure accuracy, consistency and auditability
across business lines. With this approach, the management of risk becomes one of
the most compelling opportunities organizations have today for achieving
innovations that will accelerate growth and drive operational efficiency.”
Industry experts have determined that financial services institutions can
become focused on meeting costly and time-consuming risk-related compliance
requirements of Sarbanes Oxley, Basel II and the Patriot Act, pulling resources
from growth initiatives. To address this issue, many financial institutions have
chosen to deploy an enterprise data warehouse, which creates a single view of
the business and customers. With centralized data and powerful analytic
software, financial service providers are then capable of identifying the best
opportunities for profitable growth while meeting regulatory requirements with
confidence.
More than 50 industry-leading financial services institutions already rely on
Teradata technology for their risk data management needs.
The components of Teradata enterprise risk management solution include the
Teradata Warehouse 8.1, a suite of hardware, software and professional
consulting services.
DQC News Bureau
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