Case Study: Standard Chartered achieves a unified golden source for finance and faster, auditable regulatory reporting with Teradata

Standard Chartered "Crosses the Rubicon" to Transform Finance

Standard Chartered, a global bank with some 86,000 employees, more than 1,000 branches across 63 markets and $147B in risk-weighted assets, faced mounting regulatory complexity and growing operational strain from diverse product lines, currencies and trading volumes (about 1 billion trades daily). Fragmented systems and rising accounting rules created reconciliation pain points, slower month‑end closes and the risk of siloed data that undermined timely, auditable reporting.

To solve this, the bank launched Project Rubicon with Teradata, using the Teradata IntelliFlex platform to integrate 600 source systems into a single “golden source.” The solution delivers next‑day data (vs. several days), reconciles across systems in about 60 minutes, generates ~400 million daily accounting records, and automated reconciliations while decommissioning 30+ desktop solutions and over 200 tactical tools—improving transparency, compliance, auditability and operational efficiency while reducing costs and manual work.

Standard Chartered