Cortal Consors, formed by a merger of French Banque Cortal and German Consors, is a wholly owned subsidiary of BNP Paribas, assisting more than 700,000 customers via telephone, online, and mobile channels. Its broad range of independent products and services include personalized investment advice, short-term investment solutions, banking services, mutual funds, and life insurance. A specialist in online savings and brokerage for individuals, Cortal Consors Germany was elected best in the Web 2.0 and Mobile Banking categories at the Euro Finance Week event. It was nominated as the best retirement planning advisor by the German financial daily, Handelsblatt.
“BNP Paribas’ data warehouse manages billions of messages in real-time, processing a terabyte of raw data every day. A separate half-rack Oracle Exadata deployment has helped to better manage this data growth and improve system performance. As a wholly owned subsidiary, we follow our parent company’s guidelines when choosing IT systems to achieve the exceptional results that an incredibly competitive financial market requires,” said Christine Zimmerer, senior team head, data warehouse, Cortal Consors Germany.