Korea's Top Bank Selects Teradata to Expand System for Active Enterprise Data Warehousing

SEOUL, Korea, Jan. 26, 2011 /PRNewswire/ -- Teradata Corporation (NYSE: TDC), the world's largest company solely focused on data warehousing and enterprise analytics, today announced that the Shinhan Financial Group, one of Korea's largest financial organizations, is expanding its Teradata Active Enterprise Data Warehouse (EDW) with the latest Teradata database software and hardware.

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This extensive upgrade will enable the company to manage complex queries at greater speed, while accommodating its growing data management requirements. The accelerated performance of the latest Teradata system will speed up the bank's strategic decision making and business process execution based on advanced analytics, which provides customer insight. Shinhan Financial Group expects that it will be able to minimize business risks and maximize its profits by swiftly responding to changes in the financial market.

"The EDW system has been used by subsidiaries of the Shinhan Financial Group, and it has become more important to our business performance. For this reason, an even more advanced, higher-performing EDW system is now required to meet the various analytical needs from the growing number of business users in our group. To support our business users, the system must be able to analyze massive data volumes with higher-levels of speed and accuracy," said Yang Seung-kwon, senior manager in the IT information development department at Shinhan Bank.

"Teradata is a leading company in the global EDW sector. Based on this leadership, we decided to bring the solution and technology into our core group. Now the entire Shinhan Financial Group can expect to boost management efficiency with faster and more accurate customer analysis. This intelligence will increase our ability to meet the financial needs of our customers. In addition, the group can expect greater system stability," Seung-kwon added.

"Teradata is honored to play a role in the EDW expansion project to create a more complete business intelligence system," said Dennis Samuel, country manager, Teradata Korea. "Teradata helped Shinhan Financial Group leverage its technology investment to provide successful business growth and improved customer satisfaction."

After comparing the benefits of working with Teradata against the competitors, the Shinhan Financial Group selected Teradata for its faster EDW system and on-site professional services. Teradata has deep expertise in the financial sector and experience building a 100-terabyte EDW. Shinhan Financial Group has used Teradata systems since 2001 for its business operations reporting and analysis.

Teradata's momentum in the financial industry continues in Korea and around the world with Teradata platforms in eight of the top ten global commercial and savings banks.

About Teradata

Teradata Corporation (NYSE: TDC) is the world's largest company solely focused on raising intelligence and achieving enterprise agility through its database software, enterprise data warehousing, data warehouse appliances, consulting, and enterprise analytics.   Visit Teradata on the web at www.teradata.com.

Teradata is a trademark or registered trademark of Teradata Corporation in the United States and other countries.

SOURCE Teradata Corporation