Standard Chartered Bank: IT & Business Alignment Award Winner
Company Size
1,000+
Region
- Africa
- Asia
- Middle East
Country
- Worldwide
Product
- webMethods
Tech Stack
- Enterprise Data Management Integration (EDMi)
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Cost Savings
- Productivity Improvements
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
About The 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.
The 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.
The 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.
Operational Impact
Quantitative Benefit
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