Banque Cantonale Vaudoise Extends Data-Driven Decision-Making to Entire Organization, Improves Business Performance
 
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Banque Cantonale Vaudoise Extends Data-Driven Decision-Making to Entire Organization, Improves Business Performance

Founded in 1845, Banque Cantonale Vaudoise (BCV) is a regional Swiss bank based in Vaud, a French-speaking canton in Western Switzerland. Today, the organization is the second-largest regional Swiss bank and the country’s fifth-largest universal bank. BCV offers retail and corporate banking products, trading services, and wealth management through 67 staffed and 54 automated banking centers across the region, primarily serving private customers as well as midsize companies. In accordance with the law of the canton, the bank’s mission is to contribute to the development of the canton’s private and public initiatives.

The rapidly growing bank required a new data intelligence strategy to transform decision-making at all levels of the organization. The bank also had to keep pace with increasingly complex regulatory requirements and Swiss Financial Market Supervisory Authority demands for greater transparency.
 
Banque Cantonale Vaudoise first deployed an Oracle enterprise data warehouse, including a data audit framework, to create a single version of the truth with comprehensive data traceability, auditability, and full security. After a formal evaluation with four business intelligence (BI) vendors, BCV selected and deployed Oracle Business Intelligence Foundation Suite across its organization to replace SAP Business Objects.

The bank can now deliver value-added and reliable information to decision-makers, on time, with the highest level of security and complete traceability. The solution also provides users with a self-service BI reporting environment and simplified access to high-quality analytical information through personalized BI workspaces. The stability and reliability of Oracle Business Intelligence Foundation Suite reduced total cost of ownership by minimizing support and administration requirements.

A word from Banque Cantonale Vaudoise

  • “The secret of a successful business intelligence implementation is to combine an enterprise-class business intelligence solution with an outstanding project team. With Oracle Business Intelligence Foundation Suite, the Data Audit Framework, and our highly skilled and motivated team, we reached the objectives of our data intelligence strategy on time and in budget. We’ve appreciably improved the bank’s performance, fully complied with our regulatory reporting duties, and established a high level of information security with full traceability. I see no other tool on the market capable of delivering on these goals like Oracle Business Intelligence Foundation Suite.” – Michel Bridy, Data Intelligence Manager, Banque Cantonale Vaudoise