Contact Center Solutions Featured Article

Teradata has announced today that UniCredit Group, a financial international institution with branches in 22 European countries, has selected Teradata technology to implement its “CFO Data Warehouse.” 

The project’s starting point is deployment of the Teradata Financial Logical Data Model. The Teradata Financial Logical Data Model supports the concept of load once and use many times, which means that data is collected in one central location and made available for multiple uses across the enterprise.

The announcement was made at the Teradata Universe, the annual summit dedicated to enterprise data warehousing, now underway in Istanbul.

UniCredit Group will use the data warehouse to support such business initiatives as compliance, cost reduction and other functions. Company officials say 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."

“During these challenging economic conditions, it is key to have detailed and relevant data which allows deep visibility into all divisions of the bank,” says Domenico Ambrisi, head of Global Enterprise Services Data Warehouse, UniCredit Global Information Services. “The Teradata system at UniCredit will be capable of providing information based on the needs of the business.”

Hermann Wimmer, Teradata president of Europe, Middle East and Africa, noted that "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.”

Earlier this week TMC reported that European retailing behemoth Carrefour is expanding its Teradata Active Enterprise Data Warehouse environment to support business analytics within its marketing department.