Leading Financial Services, Insurance Companies Choose
Informatica for Enterprise Decision Support
ACTION ITEMS
Informatica Corporation, provider of a leading software platform for enterprise business intelligence and analytic applications, has announced that more than 30 of the world's largest and most prestigious financial services and insurance organizations have selected Informatica's software to deploy mission-critical enterprise data warehousing solutions for decision support. The recent addition of Abbey National, Allstate Insurance, Dominion Securities and The Equitable to Informatica's already expansive client roster further bolsters Informatica's position as the leading provider of enterprise decision support software to the financial industry.
Other financial-services companies that have chosen Informatica's technology platform to build enterprise and line-of-business data warehousing applications include Capital Group; Charles Schwab; Citicorp; Credit Suisse First Boston; European Bank for Reconstruction and Development; Fidelity Investments; First Union National Bank; John Hancock; INVESCO Funds Group; Liberty Mutual; Metropolitan Life; Oppenheimer Funds; Providian Financial; Prudential Investments; Salomon Smith Barney; SG Cowen; and The Money Store.
Some of these companies have standardized on Informatica's software platform across the entire enterprise for data integration and to deploy decision support applications.
"Financial services represents a significant vertical market in which companies are rapidly adopting data warehousing as mission-critical, core technology," said Gaurav Dhillon, CEO of Informatica. "Given our large and fast-growing base of customers in this arena, Informatica is well on its way to becoming the de facto standard platform for financial institutions as they leverage data warehousing to roll out business intelligence and analytic applications."
European Bank harnesses critical business intelligence with PowerMart
To keep up with the increased inbound flow of financial data and to maintain the level of resources dedicated to the bank's Data Management Group, the European Bank for Reconstruction and Development (EBRD) selected Informatica's PowerMart to automate the delivery of data from financial transaction systems to a business intelligence data warehouse. With 1,200 employees in 25 countries, the EBRD exists to foster the transition toward open market-oriented economies and to promote private and entrepreneurial initiative in the countries of central and eastern Europe and the Commonwealth of Independent States (CIS).
"PowerMart is exceptionally well designed," said Mark Sear, IT client manager, Data Management Group at EBRD. "Where it might have taken five days to do data migration by hand, it takes about two days with PowerMart. The product increased our response time, and we haven't needed to scale up resources. PowerMart made it a whole lot easier for us to provide data faster to the appropriate business departments that needed it."
EBRD is currently evaluating Informatica's PowerCenter as the solution on which the company will build a more mature and widely based data warehouse.
About Informatica
Headquartered in Palo Alto, California, Informatica develops and markets enterprise software products and services that enable many of the world's largest companies to deploy and manage business intelligence and analytic applications across the enterprise. Informatica has more than 350 data warehousing implementations worldwide, including Chevron USA, Dreyer's Grand Ice Cream, Liz Claiborne, Inc., Merrill Lynch & Co., Inc., Hearst Corp., MCI WorldCom, PG&E, Sprint, Toyota Motor Sales USA, US West and Warner Bros. The company also maintains strategic partnerships with Cambridge Technology Partners, EDS, Ernst & Young, Microsoft, PricewaterhouseCoopers LLP, SAP AG and Siemens Nixdorf Informationssysteme AG. For more information, call 800-653-3871, or visit Informatica's Web site at http://www.informatica.com.