Leading Financial Institution Banco Galicia Adds Power to its Analytics, Upgrades Teradata Warehouse

Detailed data analysis will greatly enhance finance and performance reporting environment

Jun 29, 2010, 16:30 ET from Teradata Corporation

BUENOS AIRES, Argentina, June 29 /PRNewswire/ -- Teradata Corporation (NYSE: TDC), the world's largest company solely focused on data warehousing and enterprise analytics announced today that Banco Galicia, the leading financial services institution in Argentina, has upgraded its Teradata enterprise data warehouse (EDW) and is deploying Teradata Value Analyzer (TVA), a software and services solution providing detailed, enterprise profitability analysis to enhance finance and performance management capabilities.

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Banco Galicia's data volume has increased along with its success, and the upgrade of its Teradata EDW and deployment of TVA will accommodate the bank's steady growth.

"We have used our enterprise data warehouse to support more effective marketing, enhanced customer experiences, and more sophisticated financial and performance analysis," said Eduardo Agra, chief information officer for Banco Galicia, adding, "The Teradata profitability analytics solution will augment our efforts to better understand business costs and profitability drivers, effectively engage customers, and improve decision-making."

The implementation of TVA involves deep integration of detailed data from across the bank's business. The result is reliable, actionable information delivered to user desktops at unmatched speed – despite the complexity of profitability calculations and the vast amount of data processed. Once the TVA analytical calculations are complete, users quickly understand the results and have the insight to take action to improve profitability by product, service, process and customer. Of course, accuracy of data is just as vital as speed when it comes to making swift, sound business decisions. Working in a single centralized database, Teradata allows users to validate profitability data against all relevant measures across the company, not just a sample that may offer misleading results.

"Banco Galicia is a seasoned and sophisticated user of the Teradata database system and tools, and they clearly know how to leverage intelligence to boost performance," said Juan Pablo do Carmo, Teradata country manager for Argentina. "The addition of Teradata Value Analyzer to their finance and performance management capabilities further extends their technology leadership and vision as they continue to cultivate strong, profitable growth." 

For more information on Teradata data-warehouse-driven solutions for the financial services industry, please visit our web page.

Profitability analytics requires the extreme power and scalability of the Teradata database, which is ranked the most advanced in the world, and together with TVA, provides high-end, detailed economic and financial intelligence in real time.

About Galicia Financial Group

Galicia Financial Group (Grupo Financiero Galicia, or GFG) (BCBA: GGAL) is a financial services holding company based in Buenos Aires and its banking operations are the fifth largest in Argentina, as well as the largest among all domestically-owned private banks in the country. As of April 2009, the group maintained 236 branches and total deposits in Argentina amounted to nearly US$ 4.5 billion, a 6% market share, and 7.6% among private sector depositors. Consolidated assets totaled US$ 7.7 billion and loans to the private sector, US$ 3.7 billion.

About Teradata

Teradata Corporation (NYSE: TDC) is the world's largest company solely focused on raising intelligence and achieving enterprise agility through its database softwareenterprise data warehousing, data warehouse appliancesconsulting, 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