DAYTON, Ohio--(BUSINESS WIRE)--Nov. 16, 2005--Teradata, a division of NCR Corporation (NYSE:NCR), announced that Wachovia Bank, N.A. (NYSE:WB), has selected Teradata(R) warehousing technology and the Teradata Financial Services Logical Data Model as the foundation for its risk data platform. The Teradata choice will enable a platform to build enhanced risk management capabilities, including the deployment of many aspects of the proposed Basel II initiative that promotes the adoption of sound corporate governance practices by banking organizations.
The Wachovia risk information management effort will consolidate numerous data sources across the enterprise into a centralized warehousing environment to meet the higher data management standards of the emerging Basel II Accord and support emerging business intelligence requirements.
"The Teradata solution is attractive to Wachovia because, once the risk information management program is in place, we can leverage the Teradata investment to reduce the overall cost and complexity of our business intelligence systems," said Nancy Church, Wachovia's chief information officer of Shared Services.
"Wachovia will demonstrate its market leadership as it deploys a risk information management environment with an enterprise data warehouse as its technology foundation," said Kris Robinson, vice president, Teradata. "We are proud to work in partnership with Wachovia to support this significant undertaking."
About Teradata Division
Teradata (www.teradata.com), a division of NCR Corporation (NYSE:NCR), is the global technology leader in enterprise data warehousing, analytic applications and data warehousing services. Organizations around the world rely on the power of Teradata's award-winning solutions to get a single, integrated view of their business to enhance decision-making, customer relationships and profitability.
About NCR Corporation
NCR Corporation (NYSE:NCR) is a leading global technology company helping businesses build stronger relationships with their customers. NCR's Teradata(R) data warehouses and ATMs, retail systems and IT services provide Relationship Technology(TM) solutions that maximize the value of customer interactions and help organizations create a stronger competitive position. Based in Dayton, Ohio, NCR (www.ncr.com) employs approximately 28,500 people worldwide.
NCR and Teradata are trademarks or registered trademarks of NCR Corporation in the United States and other countries.
CONTACT: Teradata Division NCR Corporation Dan Conway, 858-485-3029 dan.conway@teradata-ncr.com SOURCE: NCR Corporation