Charles Schwab consolidates data

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Charles Schwab consolidates data

Antony Savvas

Financial services company Charles Schwab & Co has selected Teradata, a division of NCR Corporation, to provide data warehousing technology to support its reporting and analytical needs. 

Schwab selected Teradata's solution to benefit from its parallel database technology, linear scalability and ability to support real-time business intelligence.  

With both historical and current operational data consolidated into one central warehouse, front-line employees can have direct access to a single version of information for both analytics and decision-support needs.  

The consolidation of data will also help the company reduce information-technology complexity and improve customer service at lower costs. 

"By consolidating and simplifying our data warehousing platforms, we believe that considerable cost savings and operating efficiencies can be achieved across the company," said Scott Strait, chief technology officer at Charles Schwab.  

"With both operational and customer data stored in one central repository, the business can easily manage, access and analyse information for faster decision-making and improved customer service," he said.


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