China Everbright Bank Selects Teradata Enterprise Data Warehouse; To Build a Centralized Data Platform for Better Customer Management and Business Decision-Making.BEIJING -- Teradata, a division of NCR Corporation (company) NCR Corporation - Electronics company mainly active in the midrange server market. NCR was founded 1884 as National Cash Register Company. It joint the computer industry in th 1950s. (NYSE NYSE See: New York Stock Exchange :NCR (NCR Corporation, Dayton, OH, www.ncr.com) A technology company specializing in financial terminal transactions, retail systems and data warehousing. Until the late 1990s, NCR was heavily invested in the hardware side of the industry, known worldwide as a major manufacturer of computers ), announced today that China Everbright Bank (CEB CEB Chief Executives Board (United Nations) CEB Council of Europe Development Bank CEB Corporate Executive Board CEB Ceylon Electricity Board (Sri Lanka) ), a nationwide commercial bank, has selected Teradata to build an enterprise data warehouse. The Teradata(R) warehouse will provide robust business decision support, enabling CEB to leverage its information resources (1) The data and information assets of an organization, department or unit. See data administration. (2) Another name for the Information Systems (IS) or Information Technology (IT) department. See IT. and improve business analysis and management. "We are pleased that CEB placed emphasis on the role of centralizing cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. and leveraging data, which is the foundation for a successful enterprise data warehouse," said Randy Wang, general manager of Teradata China. "As CEB's partner, we will bring our experience gained from service to the top eight banks in the world and our best-in-class solutions to help CEB make better, faster decisions, optimize its customer relationship, and enhance its competitiveness." During the initial development of its information technology infrastructure, CEB deployed and benefited from data marts. However, the long-term effect was that the bank suffered by creating silos of data because there were too many data sources and the data quality was poor. In 2005, CEB decided to build a centralized data platform and began to invite public bids for a data warehouse system. After an evaluation period Evaluation period The time interval over which funds assess a money manager's performance. of six months, CEB selected the Teradata data warehouse to build an enterprise data platform. In a one-year implementation period, Teradata will help CEB integrate data from its core business system, personal loan system, international settlement system, credit risk management system and accounting management system. At the same time, the Teradata data warehouse will provide CEB's management with highly effective decision support, improve the quality of customer services, raise customer satisfaction and strengthen the bank's competitiveness. CEB was established in August 1992 with the government as a controlling shareholder. CEB has been innovative in improving its business management and operations. As of 2004, the bank's total assets were 435.5 billion Yuan, loan balance was 267.9 billion Yuan, and at the same time, general deposits balance came up to 386.1 billion Yuan, which included saving deposit balance 54.1 billion Yuan. CEB has issued more than 14.8 million of debit cards. Its profit reached 4.42 billion Yuan which made it one of the leaders of domestic commercial banks. About China Everbright Bank China Everbright Bank, established in August 1992, is a nationwide joint-stock commercial bank with government as the controlling shareholder and it is also the first stated-owned commercial bank with shares held by international financial institutions. Among the top 1,000 major banks in the world appraised by Banker magazine in July 2004, China Everbright Bank ranked No 273. For more than 13 years, CEB firmly believes in being customer-centered and market-oriented and hence it insists on continued innovation and to maximize services in order to meet the ever-changing needs of market and customers. In addition, CEB cultivates a strong competitive advantage in all-around development, banking technique, international business and finance services. Its Sunshine Financial Planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against series of products is a household name in China, and has become a famous financial brand in the country. At the same time, Sunshine Financial Planning has built up its good social image in financing banks, which makes it a nationwide joint-stock commercial bank with a great influence on China's economy and society. More information at www.cebbank.com. About Teradata Division Teradata (www.teradata.com), a division of NCR Corporation (NYSE: NCR), is the global technology leader in enterprise data warehousing See data warehouse. data warehousing - data warehouse , analytic applications Analytic Applications are a type of business application software, used to measure and improve the performance of business operations. More specifically, Analytic Applications are a type of Business Intelligence solution. and data warehousing services. Organizations around the world rely on the power of Teradata's award-winning solutions to get a single, integrated view of their business to enhance decision-making, customer relationships and profitability. About NCR Corporation NCR Corporation (NYSE: NCR) is a leading global technology company helping businesses build stronger relationships with their customers. NCR's Teradata(R) data warehouses, ATMs, retail systems, self-service solutions and IT services provide Relationship Technology(TM) solutions that maximize the value of customer interactions and help organizations create a stronger competitive position. Based in Dayton, Ohio Dayton is a city in southwestern Ohio, United States. It is the county seat and largest city of Montgomery County. As of the 2005 census estimate, the population of Dayton was 158,873. , NCR (www.ncr.com) employs approximately 28,400 people worldwide. NCR and Teradata are trademarks or registered trademarks of NCR Corporation in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and other countries. |
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