Software AG Case Studies Standard Chartered Bank: IT & Business Alignment Award Winner

Edit This Case Study Record

	Standard Chartered Bank: IT & Business Alignment Award Winner Software AG

Standard Chartered Bank: IT & Business Alignment Award Winner

Software AG

Technology Category	Application Infrastructure & Middleware - API Integration & Management
Applicable Industries	Finance & Insurance
Applicable Functions	Business Operation
Use Cases	Process Control & Optimization Regulatory Compliance Monitoring
Services	Software Design & Engineering Services System Integration
Challenge	In the financial services sector, the ability to deliver new capabilities daily in a compliant manner is crucial. However, Standard Chartered, like many organizations, was hindered by a multitude of interfaces that impeded agility. The bank sought to innovate faster by reducing interfaces and enhancing quality through the use of a globally federated business process framework. Read More
About Customer	Standard Chartered is a leading international banking group with over 150 years of operation in some of the world's most dynamic markets. The bank earns around 90 percent of its income and profits in Asia, Africa, and the Middle East. This geographic focus and commitment to developing deep relationships with clients and customers have driven the Bank's growth in recent years. Its strategy is to bank the people and companies driving investment, trade, and the creation of wealth across Asia, Africa, and the Middle East. Read More
Solution	Standard Chartered adopted webMethods as the bank’s enterprise integration platform and established the Enterprise Data Management Integration (EDMi) Programme. This programme incorporates methodology, process, software, solution, and an organization dedicated to delivery and design. EDMi is built on architectural principles that align the IT architecture with the business architecture. The platform is ideal for both tactical projects and large-scale transformation programs. Read More Log in to view content
Contents

Technology Category

Application Infrastructure & Middleware - API Integration & Management

Applicable Industries

Finance & Insurance

Applicable Functions

Business Operation

Use Cases

Process Control & Optimization

Regulatory Compliance Monitoring

Services

Software Design & Engineering Services

System Integration

Challenge

In the financial services sector, the ability to deliver new capabilities daily in a compliant manner is crucial. However, Standard Chartered, like many organizations, was hindered by a multitude of interfaces that impeded agility. The bank sought to innovate faster by reducing interfaces and enhancing quality through the use of a globally federated business process framework.

About Customer

Standard Chartered is a leading international banking group with over 150 years of operation in some of the world's most dynamic markets. The bank earns around 90 percent of its income and profits in Asia, Africa, and the Middle East. This geographic focus and commitment to developing deep relationships with clients and customers have driven the Bank's growth in recent years. Its strategy is to bank the people and companies driving investment, trade, and the creation of wealth across Asia, Africa, and the Middle East.

Solution

Standard Chartered adopted webMethods as the bank’s enterprise integration platform and established the Enterprise Data Management Integration (EDMi) Programme. This programme incorporates methodology, process, software, solution, and an organization dedicated to delivery and design. EDMi is built on architectural principles that align the IT architecture with the business architecture. The platform is ideal for both tactical projects and large-scale transformation programs.

Impact #1	EDMi has significantly improved agility, quality, cost, and efficiency as well as reusability and stability.
Impact #2	Federated architecture eliminates the need for a single integration backbone and provides the IT agility required by a leading international banking group.
Impact #3	The platform is already live across nine domains: core banking, financial market, cash, reference data management, security and compliance, risk, channels, group functions, and wealth.

Impact #1

EDMi has significantly improved agility, quality, cost, and efficiency as well as reusability and stability.

Impact #2

Federated architecture eliminates the need for a single integration backbone and provides the IT agility required by a leading international banking group.

Impact #3

The platform is already live across nine domains: core banking, financial market, cash, reference data management, security and compliance, risk, channels, group functions, and wealth.

Benefit #1	New interface development is faster
Benefit #2	Testing is completely automated

Benefit #1

New interface development is faster

Benefit #2

Testing is completely automated

Download PDF Version

Overview

Standard Chartered Bank: IT & Business Alignment Award Winner

Operational Impact

Quantitative Benefit