PANO- The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) on February 17th started the Data Warehouse project with the capacity of almost 40 tetrabytes, which will be implemented in 19 months.

VietinBank CEO Pham Huy Hung affirmed that the Data Warehouse is one of Vietinbank’s most important strategic projects for the 2014-15 period.

The Data Warehouse solution, using an information analysis system like CoreBank with standard data source for downstream applications, will help VietinBank incorporate all data, as well as provide the most accurate reports.

To ensure data uniformity and consistency in the whole system, Data Warehouse will connect to 18 current banking data sources of VietinBank, including ATM card system, SMS Banking, Internet Banking, Credit Scoring, etc.

The project is expected to help VietinBank enhance the efficiency of its management, inspection and risk administration following international standards. It will also provide necessary data and foundation for VietinBank to implement other important systems such as anti-money laundering (AML) and business intelligence (BI).

VietinBank currently has the largest data source among banks in Vietnam.

Translated by Tuan Anh