Software AG Case Studies Banking on Alfabet for Continuous Architecture and Technology Improvement

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	Banking on Alfabet for Continuous Architecture and Technology Improvement Software AG

Banking on Alfabet for Continuous Architecture and Technology Improvement

Software AG

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
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. Read More
About 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. Read More
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. Read More Log in to view content
Contents

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

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.

About 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.

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.

Impact #1	With its applications now all in one place, the bank has been able to avoid unnecessary projects, re-use assets and identify new company-wide synergies.
Impact #2	With company analytics now easily accessible, complying with the banking industry’s onslaught of new regulations has become a lot less cumbersome than in the past.
Impact #3	This data has also given management new insights into the bank’s enterprise architecture landscape— including its complexity, capabilities, risks, redundancies and opportunities.

Impact #1

With its applications now all in one place, the bank has been able to avoid unnecessary projects, re-use assets and identify new company-wide synergies.

Impact #2

With company analytics now easily accessible, complying with the banking industry’s onslaught of new regulations has become a lot less cumbersome than in the past.

Impact #3

This data has also given management new insights into the bank’s enterprise architecture landscape— including its complexity, capabilities, risks, redundancies and opportunities.

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Overview

Banking on Alfabet for Continuous Architecture and Technology Improvement

Operational Impact