ICICI Bank standardizes on Informatica

BANGALORE, INDIA: Informatica Corporation, the leading independent provider of data integration software has announced that India's second-largest bank, ICICI Bank has fully implemented a Informatica PowerCenter solution  that will help ICICI bank to gain access to information accurately and quickly. 

PowerCenter’s scalability, automation, and flexible delivery capabilities have enabled ICICI Bank to meet the business demands for up-to-date, accurate information in their data warehouse. 

A team of Informatica professional services consultants and ICICI Bank software developers designed, tested, and deployed PowerCenter to extract source data from disparate systems, including ATM and Internet transactions, loans, and bonds.

“With our previous manual scripting technique, it used to take a long time to make any changes in the extracts or the fields that needed to be added,” said Gurnam Saini, Assistant General Manager, ICICI Bank. “PowerCenter has given us the capability to make changes swiftly and improve our flexibility to respond to new data demands from business or IT as they arise. We have benefited from greater data immediacy for business users and more reliable information, which results in quicker analysis and timely reporting.” 

PowerCenter’s easy-to-use drag-and-drop interface, native connectivity to a wide range of data sources, and standards-based architecture have helped ICICI Bank’s internal IT personnel rapidly develop expertise in Informatica-based data integration.

“Banks and insurance companies are among Informatica’s largest customers in India and worldwide, as the dependency on information is critical in the financial sector,” said Chris Boorman, senior vice president and CMO, Informatica. “For a unified view of transactions and customers, all relevant data has to be reliably combined and made available at a central place – independent of the originating IT systems, whether mainframe computers, web servers or workstations. We are always pleased when our customers are able to realize the benefits that Informatica offers in terms of comprehensive data integration.”