BEIJING, Feb. 24, 2011 /PRNewswire/ -- Teradata Corporation (NYSE: TDC) today announced that Ping An Bank, a part of the China Ping An Group integrated financial services conglomerate, selected Teradata to revolutionize its ability to collect, manage, and analyze data. By upgrading its enterprise data warehouse, the bank will deliver real-time intelligence to front-line and strategic decision makers enabling them to swiftly make decisions with greater confidence.
"Teradata is the global leader in the enterprise data warehousing sector," said the Ping An Bank project manager for the implementation. "Its outstanding professional services team helped us get the data warehouse platform up and running very quickly. The upgrade of our enterprise data warehouse has provided a powerful foundation for analyzing data from the bank's many departments providing an accurate and comprehensive view of the bank's operations."
To keep pace with the growth in recent years and provide speedy answers to business queries, the bank selected the Teradata Active Enterprise Data Warehouse that offers a 65 percent performance improvement over the previous system. The data warehouse is a mission critical part of the enterprise intelligence system and the ability to protect the data is crucial. To support this business requirement, the bank also purchased a BAR (backup, archive and restore) solution, which is four times faster than the previous generation.
"It was a great honor to provide a data warehouse platform and our experienced professional services team to the bank," said Aaron Hsin, vice president of Teradata, Greater China Area. "We hope that this project will be the foundation on which Ping An Group reaches new heights of corporate success."
About Ping An Bank
Ping An Bank is a regional joint-stock commercial institution, and has registered capital of RMB 8,623 million and total assets of more than RMB 200 billion The head office is in Shenzhen, with offices in Shenzhen, Shanghai, Fuzhou, Quanzhou, Xiamen, Hangzhou, Guangzhou, Dongguan and Huizhou.
Teradata is the world's leader in data warehousing and integrated marketing management through its database software, data warehouse appliances, and enterprise analytics. For more information, visit teradata.com.
Teradata is a trademark or registered trademark of Teradata Corporation in the United States and other countries.
SOURCE Teradata Corporation