At the heart of the Republic Bank data warehouse is the HP/Quadrant Financial Services Enterprise Data Model which comes with built in knowledge of the banking industry for a broad range of business areas. The initial implementation includes pre-packaged business intelligence applications covering the retail banking, credit cards and mutual funds functions. As the data warehouse will be available to users across the enterprise multiple users will be able rapidly to add business intelligence solutions across all areas of the bankâs operations. This can vary from risk based pricing, customer value enhancement and risk management to business performance management. The data warehouse is being implemented on the HP Neoview massively scalable data warehousing platform. The implementation project is being carried out jointly by Quadrant and HPâs Information Management Practice.
Paul Lockyear, Chief Operating Officer, of Quadrant said, âWith the HP/Quadrant enterprise wide data warehousing solution, Republic Bank will be able to achieve one single view of the truth across all business areas. The data, both historic and current, is available to all areas of the bank and users will be able rapidly to implement business intelligence applications suited to their needs with the security that it is based on data which is complete and consistent across the enterprise.â
According to Nigel Baptiste, Executive Director, at Republic Bank Limited, âThis business intelligence platform is a strategic resource for the bank. We anticipate it will lead to faster and better decision making and ultimately improved customer service, efficiency and profitability.â
Anthony Wong, General Manager Information Technology Management at Republic Bank, said, âThe combination of Quadrant's and HPâs proven expertise and the extreme capabilities of HPâs Neoview platform provide Republic Bank with the foundation needed to achieve its short and long term Business Intelligence objectives. We are very excited about the future prospects this solution brings to the Bank.â