Discover how one of the leading financial institutions, Credit Agricole Consumer Finance (CACF) Netherlands, reduced their data reporting time and transformed their risk modelling with IBM Netezza! Read on to learn more about their success story and what it means for the future of finance.
Credit Agricole Consumer Finance, Netherlands and IBM
Credit Agricole Consumer Finance (CACF) Netherlands which serves nearly 300000 clients, has significantly accelerated their IFRS 9 regulatory reporting and predictive risk modelling with IBM Netezza. Netezza's high-performance database engine handles 30-40 concurrent users during peak times. The data processing time has reduced from 2 hours to 15 minutes, meeting critical batch window requirements.
IBM's Partner SLTN/Advanced Programs has been helping to manage the environment and provide required support and also helped in making the migration to latest Netezza seamless.
Outcomes
· Accelerated IFRS 9 reporting. Predictive risk modelling with built-in analytical functions.
· Support for 30-40 concurrent users during peak times.
· Data processing time reduced from 2 hours to 15 minutes, critical batch window requirements.