Integrated “Banking Intelligence in a Box” Solution Delivers 10-50 Times the Performance of Existing Data Warehouse Solutions for Faster, More Accurate Customer & Risk Analysis
Framingham, Mass. And Charlotte, N.C.—November 17, 2003—Netezza Corporation and Cytek, Inc. today announced an integrated banking intelligence solution designed to deliver rapid and comprehensive analysis capabilities to large and mid-sized banking organizations. “Banking Intelligence (BI) in a Box” allows financial institutions to leverage the speed and processing power of the Netezza Performance Server™ (NPS™) appliance with the advanced reporting functionality of Cytek Banker’s Edge BI framework and integrated database for real-time acceleration of complex analysis of huge amounts of customer data.
Netezza and Cytek have integrated the NPS system with Banker’s Edge to deliver 10-50 times the performance of other data warehousing and analysis systems, at half of the cost. The BI in a Box solution delivers a central database that integrates customer, product, channel and operational data from disparate sources. Decision makers can then access the core database through a number of customized interfaces enabling in-depth, real-time analysis for more informed, targeted business decisions.
“In banking, an already information-intensive market where data grows exponentially, real-time analysis is crucial for helping banking executives understand their business and provide insight into how everyday operational decisions will impact their customer base,” said Ray Tacoma, VP Sales & Business Development at Netezza. “Together with Cytek, we are delivering a custom data analysis solution that enables financial industry users to make complex, business-critical queries and get answers in real-time.”
“Some of the world’s leading financial institutions use the Banker’s Edge BI framework enabling their analysts to generate hundreds of reports optimized for speed and ease-of-use,” said Henri Tello, CEO at Cytek. “BI in a Box combines this reporting capability, with the speed and power of the Netezza Performance Server, to create a custom solution that will change the economics of data warehousing and analysis for large and mid-tier banks.”
Cytek Banker's Edge is a modular business intelligence framework for the financial industry. It includes modules for marketing, mortgage, commercial bank, etc. Each module comes with hundreds of reports optimized for speed and ease of use and delivered via multiple interfaces. The interfaces are tailored to the needs and skills of the user whether he be a top level executive monitoring his key performance indicators, the power analyst doing navigational reporting, or the sales rep in the field receiving real time leads.
The NPS system architecturally integrates servers, storage and a relational database into a single powerful, enterprise-class appliance created from the outset to process queries faster—and enable complex analysis that was not previously possible because of large and fast-growing data sizes. This unprecedented analysis on oceans of information enables companies to harness information located in tens, even hundreds of terabytes of data in order to recover lost revenues; improve risk management; reduce fraud; compress decision cycles and strengthen customer relationships.
About Cytek
Cytek is a boutique services and solutions provider specializing in Banking
Intelligence. They cater to the most complex informational needs demanded by
large financial institutions. Headquartered in Charlotte, NC - the second-largest
financial services center in the U.S.—They are top IT professionals with
experience in banking and business intelligence/data warehousing.
To learn more about Cytek, Banker’s Edge or other Cytek offerings, please visit the Cytek website at www.cytekinc.com, or call 704.552.3703.
About Netezza Corporation
Netezza is a fast-growing provider of enterprise-class data appliances for on-demand
analysis of terabytes of business-critical information. The Netezza Performance
Server™ (NPS™) system is the first enterprise-class data appliance
optimized for Business Intelligence (BI) on tens, even hundreds, of terabytes
of data in today’s real-time enterprise. The NPS 8000 series delivers
10 to 50 times the performance for large, complex and constantly evolving BI
efforts at half the cost of existing, general-purpose enterprise data warehouse
systems. The NPS appliance is being used by data-intensive organizations in
telecommunications, financial services, retail, bioinformatics, government and
other markets to enable faster, more sophisticated analysis while allowing companies
to leverage their existing infrastructure. Founded in 2000 and based in Framingham,
Mass., the Company has raised more than $53M from leading venture capital firms,
including Matrix Partners, Charles River Ventures, Battery Ventures, Orange
Ventures and Sequoia Capital. For more information about Netezza, please visit
www.netezza.com.
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Netezza, the Netezza logo, NPS, Performance Server, Netezza Performance Server, Intelligent Query Streaming, Asymmetric Massively Parallel Processing and AMPP are trademarks or registered trademarks of Netezza Corporation in the U.S. and/or other countries. All rights reserved. Cytek Banker’s Edge is a trademark of Cytek. All other company, brand and product names contained herein may be trademarks or registered trademarks of their respective holders.