Rabobank Selects HP Services for Business Intelligence
Rabobank has selected a business intelligence solution from HP in a deal valued at US$4.3m. The Netherlands-based bank selected a solution based on HP Neoview, a next-generation data warehousing platform, as well as HP Services. The solution has already demonstrated improvements in performance and cost, and the bank hopes it will accelerate its business growth. Separately, HP announced a new business intelligence solution that is designed to enable financial services organisations 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 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.