Releases

posted on 10 March 2008 18:45

PALO ALTO, Calif., March 10, 2008 – HP today announced that Republic Bank Limited, a full-range financial services provider based in Trinidad, has purchased the HP Neoview data warehousing solution to enhance its business intelligence, compliance and management reporting.

The solution is being implemented to support the company’s retail banking, credit cards and mutual funds business, using HP Services’ business intelligence experts to establish a data governance strategy and build a roadmap for the enterprise data warehouse that will provide common information across its business.

An important factor in Republic Bank’s decision to work with HP was the integration of HP Neoview with the offerings of business intelligence software companies, Quadrant and MicroStrategy.

“HP Neoview will help our organization make faster and better decisions, and ultimately improve customer service, efficiency and profitability,” said Tony Wong, chief information officer, Republic Bank Limited. “Working with HP, Quadrant and MicroStrategy, we will have new and insightful ways to visualize our data. The HP team exceeded our expectations in understanding our industry and business requirements and we look forward to the substantial enhancements HP will bring to our business capabilities.”

With the HP solution, Republic Bank users will be able to obtain timely insights into financial performance and make analytically based business decisions more quickly. The Quadrant and MicroStrategy solutions will assist in providing additional industry knowledge for a broad range of business applications at Republic Bank.

“We plan to exceed Republic Bank’s expectations and deliver an unparalleled business intelligence solution,” said Ben Barnes, vice president and general manager, Business Intelligence, Software, HP. “Thanks to our partner ecosystem, services expertise and our operational BI platform in Neoview, we are able to provide superior value over the competition and provide Republic Bank with the best solution for their needs.”

The solution includes a comprehensive, physical data model from Quadrant, which provides the foundation for Republic Bank’s enterprise data management initiative,
enabling the organization to drive enhanced reporting and analytics for business performance, regulatory reporting and financial metrics. These capabilities will aid
Republic Bank in optimizing its economic capital model and maximizing profitability. MicroStrategy’s data visualization platform allows Republic Bank to offer operational and management reporting functions to business and IT managers across the organization.

More information about HP Neoview and HP Business Intelligence is available at
www.hp.com/go/neoview and www.hp.com/go/bi, respectively.

About HP
HP focuses on simplifying technology experiences for all of its customers – from individual consumers to the largest businesses. With a portfolio that spans printing, personal computing, software, services and IT infrastructure, HP is among the world’s largest IT companies, with revenue totaling $107.7 billion for the four fiscal quarters ended Jan. 31, 2008. More information about HP (NYSE: HPQ) is available at www.hp.com.

[Majid Soltani, staff writer.]