The bank will re-deploy its UK bank data warehouse on Teradata's latest 5550 server technology and Teradata 12 RDBMS database systems.
The agreement marks the beginning of the latest phase of HSBC's development of its business intelligence strategy, to allow it to manage risk more easily, compliance and the rapid growth in data volumes.
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Teradata will work with strategic partner Capgemini over the coming months to deliver a system which HSBC says will improve on its existing data management capabilities.
HSBC recently issued security tokens to customers to help prevent online fraud. It has also stepped up its anti-phishing campaign with website validation technology to show customers when they are looking at a genuine HSBC website.