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
- Customer Satisfaction
- Digital Expertise
Technology Category
- Platform as a Service (PaaS) - Application Development Platforms
Applicable Industries
- Finance & Insurance
Applicable Functions
- Business Operation
Use Cases
- Regulatory Compliance Monitoring
- Remote Asset Management
- Predictive Quality Analytics
Services
- Cloud Planning, Design & Implementation Services
- Data Science Services
About The Customer
The customer is a leading European bank 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 bank is on a multi-year journey to support its business strategy with transparency and effective management of its IT landscape. With more than 500 billion euros of assets in 2017, this is one of the largest banks in Europe.
The Challenge
The bank's array of applications were divided into three separate repositories, creating a disconnected web of applications that was in danger of 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 fix with Alfabet, Software AG’s “whole view” IT planning and portfolio management solution. Alfabet, part of Software AG’s Digital Business Platform, promised just what 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 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.
Operational Impact
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