Data and Database Management Software
Glitnir Bank Selects Siperian to Provide Unified Customer and Product Views across All Lines of Business
Share:
Siperian MDM Hub to Support the Bank's New Enterprise Architecture Initiative
San Mateo, CA and Reykjavik, Iceland, - January 9, 2008 - Siperian, Inc. - developers of a leading master data management (MDM) platform and Glitnir - a mid-market global corporate and investment bank with retail and commercial banking services - today announced that Glitnir has selected Siperian MDM Hub to create an integrated, unified view of customers, products and relationships. Siperian's master data management platform will be used across lines of business and front and back office systems. Glitnir's approach will consolidate business applications, data warehouses and master data management into a single, enterprise architecture.
"In order to maintain our position in the global markets, we need to enhance our understanding of our customer relationships and the financial products they buy," said Páll Kolka Isberg, Managing Director Shared Services Office at Glitnir. "The deployment of Siperian MDM Hub will improve our customer-facing employee's ability to offer clients value added products and services."
Following several recent mergers and acquisitions in the Nordic region, Glitnir began overhauling its technology infrastructure to standardize new and existing systems and deliver unified views of customer and product data. Siperian MDM Hub will synchronize a variety of systems including accounting, risk management and customer relationship management to create a single reference database for master data. As a result, Glitnir will be able to support strategic initiatives in sales, marketing, risk management and product development while giving business users access to reliable, complete views of business data.
"Siperian's flexible architecture allows us to configure the master data management platform to meet our business requirements," said Isberg. "Siperian MDM Hub can be deployed in phases so that we can quickly address our high-priority business needs."
Mid-market corporate and investment banks see a competitive advantage in leveraging their information assets to create strategic advantages, but often encounter high costs to consolidate information technology. "With master data management software, mid-market banks can cost effectively create unified views of master data to enable critical processes such as cross-selling, customer on-boarding, enterprise risk management and customer analytics within a single software platform," said Páll Kolka Isberg.
About Siperian, Inc.
Siperian, Inc. is an innovative provider of a flexible master data management platform. Siperian helps companies unify their critical data about customers, products and organizations- and delivers reliable, complete views of this data within existing business processes. Siperian MDM Hub offers the next generation of architectural flexibility for managing all types of master data with an integrated, model-driven software platform that adapts to your business requirements- and delivers rapid return on investment on critical projects today while evolving to a complete enterprise master data management platform. Siperian's approach enables rapid implementation and has earned the company its reputation for leadership and proven success by meeting the complex requirements of market-leading companies in financial services, health and life sciences, technology, manufacturing and information services and media. With corporate headquarters in San Mateo, California, Siperian has offices throughout the United States and in Toronto, Canada, and an EMEA office in London. To learn more about Siperian visit www.siperian.com or call 1-866-747-3742.
About Glitnir
The financial group and Corporate and Investment bank Glitnir offers retail, corporate and investment banking services. Glitnir is a leading player within Capital Market on OMX in Reykjavik, Stockholm, Helsinki and Copenhagen, as well as on Oslo Stock Exchange and the Stock Exchange in Moscow. Glitnir is a leading niche player in three global industry segments: seafood/food, sustainable energy, and offshore service vessels. Glitnir operates in Iceland, Norway, Sweden, Denmark, Finland, the U.K., Luxembourg, Russia, Canada, USA (Glitnir Capital Corporation) and China. Glitnir is listed on the Icelandic Stock Exchange (GLB).
MEDIA CONTACTS:
Chris McCoin or Richard Smith
McCoin & Smith Communications LLC
508-429-5988 (Chris) or 978-433-3304 (Rick)
chris@mccoinsmith.com or rick@mccoinsmith.com
