Banking on Alfabet for Continuous Architecture and Technology Improvement
Customer Company Size
Large Corporate
Region
- Europe
Product
- Alfabet
- Digital Business Platform
Tech Stack
- Enterprise Architecture Management
- Portfolio Management
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Cost Savings
- Productivity Improvements
- Customer Satisfaction
Technology Category
- Platform as a Service (PaaS) - Application Development Platforms
Applicable Industries
- Finance & Insurance
Applicable Functions
- Business Operation
Use Cases
- Regulatory Compliance Monitoring
- Asset Lifecycle Management
Services
- System Integration
- Cloud Planning, Design & Implementation Services
About The Customer
The customer is a leading global financial services company that offers a wide range of wealth management and investment banking services. The bank positions itself as an entrepreneur-focused bank. With more than 500 billion euros of assets in 2017, it is one of the largest banks in Europe. The bank is renowned for advising its clients in all aspects of finance, across the globe and around the clock. The bank aims to become a more entrepreneur-focused bank by leveraging its strengths in wealth management and investment banking.
The Challenge
The bank was facing a challenge with its array of applications divided into three separate repositories, creating separate islands for private banking, investment banking, and technical infrastructure. This disconnected web of applications was inflating costs, impeding compliance with new banking regulations, and leaving management ill-prepared for an industry-wide digital transformation. The bank needed a comprehensive and accurate overview of its application landscape, extensive reporting capabilities for management, risk and audit compliance purposes, and the analytics and insights to help its leaders make robust, fact-based, strategic decisions.
The Solution
The bank’s IT team found its solution with Alfabet, Software AG’s “whole view” IT planning and portfolio management solution. Alfabet, part of Software AG’s Digital Business Platform, provided a comprehensive and accurate overview of its application landscape, extensive reporting capabilities for management, risk and audit compliance purposes, and the analytics and insights to help its leaders make robust, fact-based, strategic decisions. The bank adopted Alfabet in 2008 and its IT team quickly tackled the first item on its to-do list: merging its three repositories into one. Alfabet proved ideal for harmonizing IT assets and led to critical functional improvements. In 2014, the bank decided to leverage this investment further and adopted Alfabet’s array of monitoring and strategic planning capabilities.
Operational Impact
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