Teradata Expands Portfolio of Financial Services Industry Solutions; New Offering Puts Financial Institutions on the ROI Fast Track with Data Warehousing.Business Editors DAYTON, Ohio--(BUSINESS WIRE)--March 26, 2003 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 detailed plans to expand its portfolio of solutions specifically tailored for the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry. The new addition includes the Teradata Financial Services Logical Data Model(R) (FS-LDM) release 6.0, which maximizes the value of the Teradata data warehouse by structuring and organizing customer and business data required for business intelligence. The new Teradata FS-LDM solution ensures that cross-functional data is available that enables financial services providers to determine who are the most profitable banking or brokerage customers and respond accordingly. It also empowers the firm's chief financial officer (CFO See Chief Financial Officer. ) not only to understand the health of the business, but also to better forecast the future. "With our new Teradata FS-LDM, customers can quickly implement a best-in-class enterprise data warehouse that embraces sales, marketing, financial, customer, product, trading-partner and clickstream The trail of mouse clicks made by a user performing a particular operation on the computer. It often refers to linking from one page to another on the Web. data," said Jim Donovan Jim Donovan may refer to:
When implemented for a financial services provider, the Teradata FS-LDM ties together information about such things as customers and their accounts, their channel usage preferences and their individual privacy preferences. Taken together, all of this information can be used to determine customer profitability Customer profitability (CP) is the difference between the revenues earned from and the costs associated with the customer relationship in a specified period. According to Philip Kotler,"a profitable customer is a person,household or a company that overtime,yields a revenue and formulate appropriate retention, acquisition and growth strategies. The Teradata FS-LDM lays the foundation for cross-functional, enterprise-wide analysis so that an institution can truly understand its customers, their behaviors and preferences and subsequently act on that information to maximize its competitive edge and return on investment. The Teradata solution is the only logical data model available today that supports the requirements of banks, brokerages and credit card companies, as well as life, property and casualty and healthcare insurers in a single, integrated model - which is very important given the increasing convergence of banks and insurance companies. The Teradata FS-LDM is a fundamental component of the Teradata solution set for financial services companies, providing a framework for quickly and easily accessing information to answer business questions such as: "When evaluated by marketing campaign type and customer segment, how many new accounts are still active after six months?"; "Which customers are likely to invest in a new mutual fund product?"; "Which branches produce the most non-interest customer income as compared to those branches that produce the most interest income?"; "Which customers are likely to liquidate their stock portfolios in favor of money market funds?" Serving as a pre-packaged blueprint, the Teradata FS-LDM provides financial services companies with a starting point Noun 1. starting point - earliest limiting point terminus a quo commencement, get-go, offset, outset, showtime, starting time, beginning, start, kickoff, first - the time at which something is supposed to begin; "they got an early start"; "she knew from the in the process of building and implementing an enterprise data warehouse, saving the financial services provider significant time, money and resources. The range of analytics that can be run against this structure is virtually limitless. Examples include customer, risk and channel management, along with many others. In addition, Teradata FS-LDM includes support for financial management data, which enables the CFO to analyze key financial performance indicators from top to bottom and across the enterprise's business units. With this intelligence, the CFO gains a better understanding of profitability across a variety of dimensions, better enabling the management of receivables, inventory, expenses and assets. It improves the CFO's ability to manage the business using instantly available information, while reducing the time and effort required to close the books each quarter. About Teradata Division Teradata, a division of NCR Corporation (NYSE: NCR), is the global leader in enterprise data warehousing See data warehouse. data warehousing - data warehouse and enterprise analytic technologies and services. For more information, visit www.teradata.com. About NCR Corporation NCR Corporation (NYSE: NCR) is a leading global technology company helping businesses build stronger relationships with their customers. NCR's ATMs, retail systems, Teradata(R) data warehouses and IT services provide Relationship Technology(TM) solutions that maximize the value of customer interactions. 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 30,100 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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