Bank of America extends Teradata technology to new business analysis
Teradata, a division of NCR Corporation (NYSE:NCR), announced that Bank of America (NYSE:BAC) will expand the use of its Teradata data warehouse in order to address new business initiatives requiring analysis of enterprise information.
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"Our decision to expand our use of the Teradata database was based on its proven performance, total cost of ownership and Teradata's experience supporting large, sophisticated data warehouses," said David Weaver, senior vice president, Data Management/Data Warehouse, Bank of America. "We believe that the Teradata technology is a key enabler in bringing us closer to our customers, allowing better service, quicker anticipation and fulfillment of their banking needs."