Teradata Empowers Financial Services Firms to Tackle Complex Enterprise Risk Challenges

12 December 2008

Teradata Corporation (NYSE: TDC), the world’s largest company solely focused on data warehousing and enterprise analytics, today announced at the “RiskMinds Conference” in Geneva that its Teradata Enterprise Risk Intelligence programme for the banking, financial markets and insurance industries is tackling complex enterprise risk challenges at more than 40 top-tier financial institutions. The Teradata Enterprise Risk Intelligence programme provides customers with transparency along with timely, integrated, accurate data across all risk areas which are essential for decision-making in this turbulent environment.

“Teradata understands that our financial services customers’ risk challenges can’t wait,” said Sam Harris, director, enterprise risk management, Teradata Corporation. “Today, the Teradata Enterprise Risk Intelligence programme is helping customers solve complex data integration and management problems. The Teradata Enterprise Risk Intelligence programme can also ‘future-proof’ firms by actively helping executives chart a course for their enterprise through the changing market, which is filled with unforeseen risk. According to one multi-national financial customer, Teradata Enterprise Risk Intelligence programme has had a major impact on its business by integrating all lending and financial market data where customers are exposed to risk.”

Financial services firms rely on risk management tools to not only measure and manage risk, but to seize growth opportunities in a volatile economic environment. Risk managers in financial services firms focus on specific aspects of the risk spectrum – market, credit, underwriting and operational risk – to drive smarter business decisions and transparency. Transparency allows all parties to understand the financial condition of the firms they are investing in or trading with to ensure the proper balance of risk and reward which is critical for preserving confidence during times of crisis.

According to Harris, one common impediment to transparency is risk information management. The challenge faced by many institutions is that risk data may be suspect due to being incomplete, inaccessible, inflexible, or not timely, auditable, or integrated. Teradata is helping managers mitigate this risk and provides vital risk information in time to make data-driven decisions that directly impact not only the profitability of the firm, but also could make the difference between the firm’s ability to survive or thrive in today’s unstable economic environment.

Teradata and its partners are committed to bringing new capabilities to market, promoting transparency and modern risk management practices demanded by regulators, investors, and customers.

The Teradata Enterprise Risk Intelligence programme is a powerful and robust combination of hardware, software, professional consulting services and partners’ solutions designed to support and empower financial services customers. The programme’s components include:

• Banking & Financial Markets Enterprise Risk Management – Teradata Enterprise Risk Intelligence programme for banking and financial markets creates a single, authoritative view of the business and customers to ensure accuracy, consistency and auditability across business lines. With this approach to centralised data and analytics, the management of risk becomes one of the most compelling opportunities organisations have to identify the best opportunities for driving operational efficiency and growth while meeting regulatory requirements with confidence. As recently announced, the SAS and Teradata Advantage Programme is one of the cornerstones to this key initiative including Analytics, Anti-Money Laundering, Credit Risk, Enterprise Intelligence, and Optimisation Services, with availability starting now into early 2009.

• Insurance Enterprise Risk Management – Working in partnership, Teradata and DFA Capital Management Inc. offer a hardware and software platform called ADVISE™ Enterprise Risk Intelligence, which provides risk intelligence for the insurance and financial services industries. The combined technology enables insurers to more accurately measure and manage risk and capital as well as meet the standards set by rating agencies for enterprise risk management in insurance companies. This technology is the first to address ‘backtesting,’ which is a method that uses relevant historical data in order to demonstrate a risk strategy’s effectiveness to rating agencies.

The Teradata Enterprise Risk Intelligence programme is supported by the Teradata 12 database and the Teradata Purpose-Built Platform Family, which includes the Teradata Data Mart Appliance, the Teradata Extreme Data Appliance, the Teradata Data Warehouse Appliance and the Teradata Active Enterprise Data Warehouse. In addition, the Teradata Enterprise Risk Intelligence programme is supported by the Teradata Financial Services Logical Data Model.


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