Banque Internationale à Luxembourg (BIL), in association with CA Technologies, is planning to introduce new banking services in its four business areas, to support more swift decision making and visibility across the bank and drive business transformation.
Following standardizing of CA Technologies’ Project and Portfolio Management (PPM) solution, the lender will be in a position to initiate integrated approach to manage portfolios, resources, costs, and schedules across all projects, applications, programs, and products.
BIL pmo and IT governance head Franky Warnez said, "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."
"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."
CA Clarity PPM will be implemented to support all three phases of the bank’s investment lifecycle, including planning what projects to invest in, building and understanding the cost of service consumption, and running and optimizing performance.
At present, the lender has over 120 projects in the build phase, such as new online retail banking innovations, and mortgage and wealth management services.
Set up in 1856, BIL manages retail banking, private banking, corporate banking and financial markets businesses with the help of more than 2,100 employees in Luxembourg, France, Denmark, Singapore, Switzerland, and the Middle East.