Caixa Economica Federal Selects Informatica Data Integration Platform for Single...
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Caixa Economica Federal Selects Informatica Data Integration Platform for
Single View of the Customer and Compliance
Latin America's largest government-owned bank to power real-time data
integration and risk and fraud management with Informatica PowerCenter
BRASILIA, Brazil, Jan. 22 /PRNewswire-FirstCall/ -- Informatica
Corporation (Nasdaq: INFA), a leading provider of data integration software,
today announced that Brazil's Caixa Economica Federal (CEF), the largest
government-owned bank in Latin America, has chosen the Informatica PowerCenter
data integration platform and Informatica Data Quality to underpin a data
integration project centralizing customer information to gain a single view of
the customer.
By integrating company-wide data currently stored in three disparate
systems and platforms -- banking customers in one database; employees in
another; and mortgage customers in a third environment -- the new system put
in place will upgrade and deploy new processes to generate key
decision-support information for the bank's business management, risk
management and fraud prevention systems.
The Informatica solution will be deployed across CEF's three main centers
located in Sao Paulo, Rio de Janeiro and Brasilia in the CRM and Data
Warehousing functions, and will manage the Government's Severance Indemnity
Fund for Workers (FGTS) information. CEF will also use Informatica's metadata
management functionality to support compliance with Sarbanes Oxley and Basel
II -- requirements for documentation and auditing.
"We are very pleased to have met all the bank's extensive requirements
during a year-long selection process that culminated with a one week and
40-hour deadline to test and prove the effectiveness of the proposed
solution," said Carlos Andre, regional director, Informatica Latin America.
"Through its Informatica implementation, Caixa Economica Federal will achieve
gains at both the tactical and strategic levels, increasing the company's
competitiveness and effectiveness."
About Caixa Economica Federal
Caixa Economica Federal is the largest government-owned bank in Latin
America. The customer base has grown by 42 percent during the past 30 months,
from 23.1 million to 33.6 million. Over 3 million people have entered the
Brazilian banking system by means of the simplified account program, the
greatest banking inclusion action countrywide.
About Informatica
Informatica Corporation (Nasdaq: INFA) is a leading provider of enterprise
data integration software and services. With Informatica, organizations can
gain greater business value by integrating all their information assets from
across the enterprise. More than 2,900 companies worldwide rely on Informatica
to reduce the cost and expedite the time to address data integration needs of
any complexity and scale. For more information, call 650-385-5000
(1-800-653-9871 in the U.S.), or visit http://www.informatica.com.
Note: Informatica, Informatica Data Quality and PowerCenter are registered
trademarks of Informatica Corporation in the United States and in
jurisdictions throughout the world. All other company and product names may be
trade names or trademarks of their respective owners.
SOURCE Informatica Corporation
Deborah Wiltshire of Informatica Corporation, +1-650-385-5360, mobile,
+1-650-862-8186, dwiltshire@informatica.com; or Donna Lyon of Text 100,
+1-415-593-8478, mobile, +1-415-350-6615, informatica@text100.com, for
Informatica Corporation
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