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Wachovia Selects Teradata Warehouse

Originally published November 17, 2005

Teradata, a division of NCR Corp., recently announced that Wachovia Bank has selected Teradata warehousing technology and the Teradata Financial Services Logical Data Model as the foundation for its risk data platform. The Teradata choice will enable a platform to build enhanced risk management capabilities, including the deployment of many aspects of the proposed Basel II initiative that promotes the adoption of sound corporate governance practices by banking organizations.

The Wachovia risk information management effort will consolidate numerous data sources across the enterprise into a centralized warehousing environment to meet the higher data management standards of the emerging Basel II Accord and support emerging business intelligence requirements.

"Wachovia will demonstrate its market leadership as it deploys a risk information management environment with an enterprise data warehouse as its technology foundation," said Kris Robinson, Vice President, Teradata. "

This BeyeNETWORK news item contains information from a recent press release by the company mentioned.