Banco de Crédito e Inversiones Selects Teradata Vantage

Aug 10, 2022 | Santiago

Certainly one of Chile’s largest retail & business banks migrates to Vantage on Microsoft Azure to realize its digital transformation targets

Teradata (NYSE: TDC) right now introduced that Banco de Crédito e Inversiones (Bci) has moved its on-premises knowledge analytics platform to Teradata Vantage on Microsoft Azure. Bci selected Teradata’s cloud providing to modernize and broaden its analytic ecosystem so the corporate can enhance operational effectivity and higher assist and reply to its rising buyer base.

Bci provides a variety of banking services and products. Established in 1937, its primary goal was to take care of the productive sector of the nation, specializing in small enterprise and household work. At the moment, Bci is among the most vital banks within the nation with quite a few subsidiaries that complement and assist its enterprise. It has greater than 300 workplaces in Chile, worldwide illustration, hundreds of consumers from totally different markets, and round 10,500 staff that assist keep the Financial institution as one of many principal gamers within the Chilean banking system.

Because the world of economic companies continues to evolve, understanding and responding to prospects’ wants is Bci’s greatest precedence. To do that, the corporate wants elevated agility and operational effectivity so it will probably rapidly add, scale, and alter new and present analytic functions – similar to behavioral analytics and marketing campaign administration capabilities – to allow richer buyer insights and higher buyer experiences.

Bci is increasing its workload assist to answer the wants of its prospects extra successfully and effectively. By leveraging the flexibleness of Vantage within the cloud, Bci can hold prices low, even whereas the information quantity will increase. And by offering elevated entry to knowledge throughout the group, Bci is arming its determination makers with data-driven insights that may assist them innovate quicker and scale back time-to-market for brand new monetary services and products.

“Bci needed to cost-effectively modernize its knowledge platform for an agile, versatile and scalable analytics surroundings,” mentioned Juan do Carmo, Nation Supervisor of Teradata Chile. “Our expanded strategic partnership with Microsoft enabled us to effectively migrate Bci’s on-premises workloads to Vantage on Azure, making certain continuity of operations and the quickest path to the cloud.”

Teradata lately introduced an enlargement of its strategic international partnership with Microsoft to additional combine the Vantage knowledge platform with Microsoft Azure. 

Teradata Vantage integrates Azure Synapse, Azure Information Lake, Energy BI and Azure Machine Studying which helps firms like Bci to modernize their knowledge analytics workloads with safety, reliability and elasticity.

“From reimagining buyer experiences to enhancing danger administration and streamlining regulatory compliance, the way forward for monetary companies is constructed on the data-driven capabilities that Teradata Vantage on Azure can present,” mentioned Invoice Borden, Company Vice President of Worldwide Monetary Providers at Microsoft. “Main monetary establishments like Bci are modernizing their knowledge analytics within the cloud, and Teradata and Microsoft provide the built-in options to speed up each step of that journey.” 

Teradata Vantage is the linked multi-cloud knowledge platform for enterprise analytics. It allows ecosystem simplification by unifying analytics, knowledge lakes and knowledge warehouses. With Vantage, enterprise-scale firms can get rid of silos and cost-effectively question all their knowledge, on a regular basis, no matter the place the information resides – within the cloud, on a number of clouds, on-premises, or any mixture thereof – to get a whole view of their enterprise.