Teradata announced Wednesday that the Chinese bank has selected Teradata's enterprise data warehouse to gain a single view of its business for analysis across departments and systems, following an evaluation process that compared the system with HP's Neoview, as well as a data warehouse that Sun Micrososystems and Greenplum sell that's built on open-source software and IBM's DB2.
The Bank of Shanghai's core banking system, T24, has been in operation since last year. Teradata will help the commercial bank, with total capital last year of 270 billion CNY (about $35.5 billion U.S.), build a centralized data warehouse platform by integrating data from T24, personal banking, international business, and credit card systems. A system to extract, clean, load, and transform data will also be set up. The data warehouse will help the bank deploy four major applications including anti-money laundering; comply with the 1104 regulations from the China Banking Regulatory Commission; and analyze historical data. The first phase of the data warehouse is expected to be completed in March 2008.
It's an important win for Teradata, which will spin off from parent company NCR next month and was recently humiliated by the decision of Wal-Mart, a longtime Teradata customer, earlier this month to select HP's Neoview to support expansion of its business intelligence efforts.
