Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Teradata Expands Portfolio of Financial Services


Teradata Expands Portfolio of Financial Services Industry Solutions

New offering puts financial institutions on the ROI fast track with data warehousing

AUCKLAND, New Zealand - Teradata, a division of NCR Corporation (NYSE: NCR), announced detailed plans to expand its portfolio of solutions specifically tailored for the financial services industry. The new addition includes the Teradata Financial Services Logical Data Model® (FS-LDM) release 6.0, which maximises the value of the Teradata data warehouse by structuring and organising customer and business data required for business intelligence.

The new Teradata FS-LDM solution ensures that cross-functional data is available that enables financial services providers to determine who are the most profitable banking or brokerage customers and respond accordingly. It also empowers the firm’s chief financial officer (CFO) not only to understand the health of the business, but also to better forecast the future.

“With our new Teradata FS-LDM, customers can quickly implement a best-in-class enterprise data warehouse that embraces sales, marketing, financial, customer, product, trading-partner and clickstream data,” said Julian Beavis, Teradata’s vice president of Australia, New Zealand and South East Asia. “The patented Teradata FS-LDM also provides a flexible framework for the data warehouse that can easily be expanded to support incremental growth and the addition of new applications, as desired.”

When implemented for a financial services provider, the Teradata FS-LDM ties together information about such things as customers and their accounts, their channel usage preferences and their individual privacy preferences. Taken together, all of this information can be used to determine customer profitability and formulate appropriate retention, acquisition and growth strategies. The Teradata FS-LDM lays the foundation for cross-functional, enterprise-wide analysis so that an institution can truly understand its customers, their behaviors and preferences and subsequently act on that information to maximise its competitive edge and return on investment.

The Teradata solution is the only logical data model available today that supports the requirements of banks, brokerages and credit card companies, as well as life, property and casualty and healthcare insurers in a single, integrated model – which is very important given the increasing convergence of banks and insurance companies.

The Teradata FS-LDM is a fundamental component of the Teradata solution set for financial services companies, providing a framework for quickly and easily accessing information to answer business questions such as: “When evaluated by marketing campaign type and customer segment, how many new accounts are still active after six months?”; “Which customers are likely to invest in a new mutual fund product?”; “Which branches produce the most non-interest customer income as compared to those branches that produce the most interest income?”; “Which customers are likely to liquidate their stock portfolios in favor of money market funds?”

Serving as a pre-packaged blueprint, the Teradata FS-LDM provides financial services companies with a starting point in the process of building and implementing an enterprise data warehouse, saving the financial services provider significant time, money and resources. The range of analytics that can be run against this structure is virtually limitless. Examples include customer, risk and channel management, along with many others.

In addition, Teradata FS-LDM includes support for financial management data, which enables the CFO to analyse key financial performance indicators from top to bottom and across the enterprise’s business units. With this intelligence, the CFO gains a better understanding of profitability across a variety of dimensions, better enabling the management of receivables, inventory, expenses and assets. It improves the CFO’s ability to manage the business using instantly available information, while reducing the time and effort required to close the books each quarter.


About Teradata Division

Teradata, a division of NCR Corporation (NYSE: NCR), is the global leader in enterprise data warehousing and enterprise analytic technologies and services. For more information, visit www.teradata.com.

About NCR Corporation

NCR Corporation (NYSE: NCR) is a leading global technology company helping businesses build stronger relationships with their customers. NCR’s ATMs, retail systems, Teradata® data warehouses and IT services provide Relationship Technology™ solutions that maximise the value of customer interactions. Based in Dayton, Ohio, NCR (www.ncr.com) employs approximately 30,100 people worldwide.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Auckland Transport: Successful Bridge Repair Opens Two Additional Lanes To Traffic

The opening of two additional lanes on the Auckland Harbour Bridge this morning will help relieve some motorway congestion for motorists heading home to the North Shore tonight. More>>

ALSO:

Statistics New Zealand: COVID-19 Sees Record 12.2 Percent Fall In New Zealand’s Economy

Gross domestic product (GDP) fell by 12.2 percent in the June 2020 quarter, the largest quarterly fall recorded since the current series began in 1987, as the COVID-19 restrictions in place through the quarter impacted economic activity, Stats NZ said ... More>>

ALSO:

Climate: Scientists Release ‘Blueprint’ To Save Critical Ecosystems And Stabilize The Earth’s Climate

A group of scientists and experts produced the first comprehensive global-scale analysis of terrestrial areas essential for biodiversity and climate resilience, totaling 50.4% of the Earth's land. The report was published in Science Advances ... More>>

ALSO:

MPI: Independent Review Launched Into Assurances For Safe Transport Of Livestock By Sea

The Ministry for Primary Industries (MPI) has launched an independent review of the assurances it receives for the safe transport of livestock by sea. MPI Director-General Ray Smith says Mike Heron QC has been appointed to lead the review, which is expected ... More>>

ALSO:


Computers: New Zealand PC Market Grows Nearly 40% Due To Work From Home Demand

COVID-19 had large impacts on demand for PCs as businesses prepared for lockdowns by purchasing notebooks to mobilise their workforce. In the second quarter of 2020, New Zealand's Traditional PC market experienced a 39.7% year-on-year (YoY) growth ... More>>

ALSO:


University Of Auckland: Whale-Watching By Satellite – Follow Their Travels Online

Scientists have successfully attached satellite tracking tags to six New Zealand southern right whales, or tohorā, and are inviting the public to follow the whales’ travels online. Part of a major research project involving the University of Auckland ... More>>

Commerce Commission: Kiwibank Admits System Failures And Agrees To Pay Customers $5.2 Million

Kiwibank has entered into a settlement agreement with the Commerce Commission after reporting that it failed to have in place robust home loan variation disclosure policies, procedures and systems. In a settlement dated 27 August 2020, Kiwibank admitted that ... More>>

Ministry of Health: Public Transport Distancing Requirements Relaxed

Physical distancing requirements on public transport have been reviewed by the Ministry of Health to determine whether they are still required at Alert Level 2 (or below). The Ministry’s assessment is that mandatory face covering and individuals tracking ... More>>

ALSO:

NZHIA: New Zealand Hemp Industry Set To Generate $2 Billion Per Annum And Create 20,000 Jobs

A new report says a fully enabled hemp industry could generate $2 billion in income for New Zealand by 2030, while also creating thousands of new jobs. Written by industry strategist Dr Nick Marsh, the report has prompted calls from the New Zealand Hemp ... More>>

ALSO:

Stats NZ: One In 14 Employed People Report High Risk Of Losing Jobs

About one in 14 workers say they expect to lose their job or business by mid-2021, Stats NZ said today. A survey of employed people in the June 2020 quarter showed 7 percent felt there was a high or almost certain chance of losing their job or business ... More>>

ASB Quarterly Economic Forecast: NZ Economy Doing Better Than Expected, But Challenges Remain

August lockdown estimated to have shaved 8% off NZ’s weekly GDP, and 0.5% off annual GDP Economy now expected to shrink 5% (year-on-year) by end of 2020 Unemployment rate now expected to peak at 7.2% The latest ASB Quarterly Economic Forecast is less ... More>>

ALSO: