Appliance to be foundation for improved regulatory reporting and enhanced intelligence to help front-line employees make the best decision possible
Teradata (NYSE: TDC) today announced that AXA, a Belgian-based bank and insurer serving 1.8 million European customers, deployed a Teradata Data Warehouse Appliance to improve regulatory reporting and enhance operational intelligence to help employees on the front-lines of the institution to make the best decision possible. The Teradata Appliance provides a solid foundation for a range of powerful analytics designed to assist AXA to respond to the regulatory requirements for fraud and money laundering and make it possible to comply with both European directives - Basel III and Solvency II.
"With the Teradata Data Warehouse Appliance we made the best choice in terms of price and speed - which was absolutely spectacular," said Koen Meessens, lead subject area functional expert, AXA. "The migration to the new Teradata appliance was fast and smooth, saving us a substantial amount of time. Because Teradata is easy-to-use, AXA was able to quickly move from a monthly reporting cycle to daily frequency."
"The financial sector has been under enormous pressure for several years to improve management efficiency, execute marketing campaigns that drive sales, and meet regulatory standards," said Hermann Wimmer, president, Teradata EMEA. "Teradata delivers the market-leading technology and services to help customers meet these complex challenges with confidence."