Nordea’s Financial Data Warehouse Delivers Consistency and Greater Business Value

Style: "Ektachrome"In order to gain more business value, Nordea knew it needed to become “one global company” with a consolidated understanding of its data. To achieve that goal, the leading financial services provider in Northern Europe, which serves more than 11 million customers throughout eight countries, integrated vast amounts of financial data from multiple bank entities into a single financial data warehouse.

With more than 11 terabytes of data and more than 7 billion records growing by about 40 million records every day, the financial data warehouse allowed the bank to manage information more efficiently than ever before. After streamlining its approach, Nordea could close its books for reporting five days faster. Moreover, the bank was able to improve data quality, reporting lead times, performance insight and customer profitability.

Read the full case study and more in the Q1 2015 issue of Teradata Magazine.

Carly Schramm
Assistant Editor
Teradata Magazine

 

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