Rabobank Selects HP Neoview, Services for Business Intelligence
HP extends risk management capabilities to financial services customers
HP today announced that Rabobank, a full-range financial services provider, has selected a business intelligence solution from HP in a deal valued at $4.3 million.
Netherlands-based Rabobank, which serves more than 9 million individuals and corporate clients in 38 countries, selected a solution based on HP Neoview, a next-generation data warehousing platform, as well as HP Services. The solution, having already demonstrated improvements in performance and cost, is expected to accelerate Rabobank’s business growth.
“HP has delivered a state-of-the-art solution to meet our business intelligence needs,” said Rik Op den Brouw, senior executive vice president, Information and Communication Technology, Rabobank. “HP Neoview has exceeded our expectations in a joint proof of concept. The first implementation expects to deliver 10 to 20 times the performance we had with competitive offerings.”
Separately, HP announced a new business intelligence solution that enables financial services organizations to better measure risk and improve compliance management processes. Based on HP Neoview, the HP Enterprise Risk Management solution addresses all three pillars of Basel II and aids in the compliance of industry regulations such as Sarbanes-Oxley, International Accounting Standards, Anti-Money Laundering and Know Your Customer.
The HP Enterprise Risk Management solution was developed in collaboration with industry-leading business intelligence software partners Informatica, MicroStrategy and Quadrant. HP has coupled this technology with its business intelligence hardware and services to deliver a broad offering for enhanced data access, governance and data quality management.
The powerful combination of Quadrant’s data model and domain expertise, Informatica’s enterprise-grade data integration and quality tools, and MicroStrategy’s business intelligence platform with advanced dashboarding capabilities allows financial institutions to achieve a comprehensive understanding of risk within every aspect of their business.
“Regulatory compliance is an ever-increasing burden for financial institutions, and one that HP is well-equipped to address,” said Tim Evans, global director, Banking, and chief technology officer, Financial Services Industries, HP. “The HP Enterprise Risk Management solution is designed to use the capabilities of business intelligence to better address these challenges.”
More information about today’s announcements and HP’s presence at SIBOS is available in an online press kit at www.hp.com/go/sibosnews. More information about HP’s business intelligence solutions and HP Neoview is available at www.hp.com/go/bi and www.hp.com/go/neoview, respectively.
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