Caixa Econômica Federal Goes With Informatica PowerCenter


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Caixa Econômica Federal Goes With Informatica PowerCenter

Latin America’s largest government-owned bank to power real-time data integration and risk and fraud management with Informatica PowerCenter

Carlos André
Regional Director, Latin America
Informatica

Informatica Corporation (NASDAQ: INFA), a leading provider of data integration software, has announced that Brazil’s Caixa Econômica Federal (CEF), the largest government-owned bank in Latin America, has chosen the Informatica PowerCenter data integration platform and Informatica Data Quality to underpin a data integration project centralizing customer information to gain a single view of the customer.

By integrating company-wide data currently stored in three disparate systems and platforms - banking customers in one database; employees in another; and mortgage customers in a third environment - the new system put in place will upgrade and deploy new processes to generate key decision-support information for the bank’s business management, risk management and fraud prevention systems.

The Informatica solution will be deployed across CEF’s three main centers located in São Paulo, Rio de Janeiro and Brasília in the CRM and Data Warehousing functions, and will manage the Government's Severance Indemnity Fund for Workers (FGTS) information. CEF will also use Informatica’s metadata management functionality to support compliance with Sarbanes Oxley and Basel II - requirements for documentation and auditing.

“We are very pleased to have met all the bank’s extensive requirements during a year-long selection process that culminated with a one week and 40-hour deadline to test and prove the effectiveness of the proposed solution,” said Carlos André, regional director, Informatica Latin America. “Through its Informatica implementation, Caixa Econômica Federal will achieve gains at both the tactical and strategic levels, increasing the company’s competitiveness and effectiveness.”

Caixa Econômica Federal is the largest government-owned bank in Latin America. The customer base has grown by 42 percent during the past 30 months, from 23.1 million to 33.6 million. Over 3 million people have entered the Brazilian banking system by means of the simplified account program, the greatest banking inclusion action countrywide.

Informatica Corporation (NASDAQ: INFA) is a leading provider of enterprise data integration software and services. With Informatica, organizations can gain greater business value by integrating all their information assets from across the enterprise. More than 2,900 companies worldwide rely on Informatica to reduce the cost and expedite the time to address data integration needs of any complexity and scale.

For more information visit www.informatica.com.

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