UniCredit Group to Build CFO Data Warehouse on Teradata Platform

* Reuters is not responsible for the content in this press release.

Wed Apr 29, 2009 1:45pm EDT

The New CFO Data Warehouse Will Be a Pillar of UniCredit's Governance Initiative
ISTANBUL--(Business Wire)--
Teradata Corporation (NYSE: TDC), the world`s largest company solely focused on
data warehousing and enterprise analytics, announced today that UniCredit Group,
a leading financial international institution serving over 40 million customers,
with over 10,000 branches in 22 European countries, has selected Teradata
technology to implement its "CFO Data Warehouse." The announcement was made at
the Teradata Universe, the annual summit dedicated to enterprise data
warehousing, which is now underway in Istanbul. 

UniCredit Group will use the data warehouse as the information-driven engine of
the company to support strategic business initiatives such as compliance, cost
reduction and increased profitability. The implementation of the CFO Data
Warehouse will guarantee the collection and use of all the data needed to
support the principal CFO areas such as: asset and liability management, credit
treasury, capital allocation, planning and control. The information will be
available enterprise-wide, from the business unit to the bank`s holding company.


"During these challenging economic conditions, it is key to have detailed and
relevant data which allows deep visibility into all divisions of the bank. Our
vision is to create a unique solution, which will start with the Chief Financial
Officer group, then be deployed across the enterprise," said Domenico Ambrisi,
head of Global Enterprise Services Data Warehouse, UniCredit Global Information
Services. "The Teradata system at UniCredit will be capable of providing
information at the right time based on the ever-changing needs of the business,
which is very important." 

"UniCredit is a significant new customer," said Hermann Wimmer, Teradata
president of Europe, Middle East and Africa. "Basel II regulations, the pressure
on revenue, demands to reduce costs, and the increased risk of doing business in
today's financial environment demand that an institution have an integrated view
of its business performance. UniCredit can certainly count on Teradata`s great
experience for this important international project." 

The project`s starting point is deployment of the Teradata Financial Logical
Data Model, which is an integrated, cross-functional model that provides an
enterprise-wide view or blueprint of data. The Teradata Financial Logical Data
Model supports the concept of load once, and use many times, which means that
data are collected in one central location and made available for multiple uses
across the enterprise. 

About Teradata

Teradata Corporation (NYSE: TDC) is the world`s largest company solely focused
on raising intelligence through data warehousing, data warehouse appliances,
consulting services and enterprise analytics. Teradata is in more than 60
countries and on the Web at www.teradata.com. 

Teradata is a trademark or registered trademark of Teradata Corporation in the
United States and other countries. 





Teradata Corporation
Dan Conway, 858-485-3029
dan.conway@teradata.com

Copyright Business Wire 2009

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.