CA Technologies (NASDAQ:CA) today announced that Banque Internationale à Luxembourg (BIL) is accelerating innovation and the launch of new banking services in its four business areas with CA Technologies. By standardizing on a comprehensive Project and Portfolio Management (PPM) solution from CA Technologies, the European bank is introducing a unified approach to managing portfolios, resources, costs, and schedules across all projects, applications, programmes, and products. This will support more agile decision making and financial visibility across the bank, the rapid launch of more innovative financial products and services, and business transformation.
“This CA Technologies PPM solution will enable BIL to realise cost savings in its current investment, and use those savings to steer the launch of new innovations in banking,” says Franky Warnez, head of the PMO and IT Governance at Banque Internationale à Luxembourg. “By rationalising a centralised investment portfolio, this best-in-class technology will also enable BIL to adapt more quickly to change, grow revenues faster, with less risk, and with greater cost transparency.”
BIL is introducing CA Clarity™ PPM following its recently established independence, and chose CA Technologies in preference to solutions from Microsoft and Oracle. CA Clarity PPM supports all three phases of BIL’s strategic innovation and investment lifecycle. That lifecycle includes planning what projects to invest in, building and understanding the cost of service consumption, and running and optimising performance from a business perspective. The bank currently has more than 120 projects in the build phase—from new online retail banking innovations, and game-changing mortgage and wealth management services—with certain strategic projects requiring up to 5,000 man days of development.
Besides stimulating innovation and business transformation, CA Clarity PPM will also help BIL ensure a greater degree of project success. Real-time visibility into resource allocation (people, assets, services, and capital), together with automated workflow, will help demonstrate how financial and business decisions deliver value, and increase confidence that the bank’s investment choices are delivered on time and to budget.