BEIJING and SAN DIEGO, April 24, 2013 /PRNewswire/ -- Teradata (NYSE: TDC), the world's leading analytic data solutions company, announced today that China Merchants Bank, the sixth largest Chinese bank, has selected a Teradata Active Enterprise Data Warehouse to enhance the bank's data analysis capabilities and system reliability. With China Merchants Bank joining the Teradata customer community, all of the top 12 commercial banks in China have adopted the data warehouse from Teradata.
Through the deployment of Teradata Active Data Warehouse, China Merchants Bank will build a new-generation IT environment to solve the problems of frequent system downtime, provide around-the-clock data support for its business, and ensure that the management accounting system can provide reports for decision-makers in a timely manner.
Since the establishment of its data warehouse system in 1998, China Merchants Bank has always attached great importance to the role data plays in its business. By 2012, the bank has evolved into a large commercial institution with total assets ranked sixth among Chinese commercial banks. An official from China Merchants Bank said, "In 2011, our head office put forward clear strategic objectives for the next five years placing a high priority on data processing and analysis capability, and requiring the establishment of an absolutely stable data warehousing system. Once the new system is in place, it will be required to offer critical support to business analysis and business decision-making, thus promoting our innovative financial business."
In order to ensure the advancement of its strategic objectives, China Merchants Bank needs to build a data warehouse system that enables business users to directly access the data warehouse for data analysis; and quickly provide critical insights to decision-makers. This requires a data warehouse that allows for data exploration, data analysis, and data storage with high availability, linear scalability, high usability, and mixed workload management capabilities.
In order to meet the highest levels of system reliability and data security, China Merchants Bank decided to deploy a Teradata Active Enterprise Data Warehouse 6690. By leveraging its multi-layer data storage, including memory and high-speed large-capacity storage drives, the platform provides the best data warehouse performance. The Teradata Active Enterprise Data Warehouse offers high availability, manageability, precise mixed workload management capability, multi-temperature storage technology, and linear scalability.
"The increasingly fierce financial market competition requires all commercial banks to transform their traditional decision-support environment. Through the implementation of a best-in-class data warehouse system, Teradata is committed to helping commercial banks achieve the integration and analysis of all banking data and supporting the development of more financial products and services," said Aaron Hsin, president of Greater China Area, Teradata Corporation. "With deep roots in China's financial sector, Teradata is regarded as a trusted partner by the financial industry. We are willing to actively support domestic commercial banks as they seek to maximize their business potential."
About China Merchants Bank
Established on April 8, 1987 and headquartered in Shenzhen, China Merchants Bank focuses on the Chinese market, and was listed on the Shanghai Stock Exchange on April 9, 2002. As a leading retail bank in China, China Merchants Bank has a huge customer base, well-known brands, a wide variety of products and quality service. China Merchants Bank provides enterprises with loans, settlement, and custody services in corporate banking, and has a clear competitive advantage in cash management.