alfabet Continues Strategic Growth in the Global Financial Services Industry With Business IT Management Capabilities

CAMBRIDGE, Mass., June 28, 2011 /PRNewswire/ -- alfabet, the leading software provider for strategic IT planning and Business IT Management solutions, today announced its ongoing success in the financial services industry as evidenced by its work with nearly 50 percent of the top Fortune 100 banking and financial services companies. Top financial services companies now rely on alfabet's comprehensive software suite, planningIT to support all aspects of Business IT Management, from real-time insight into the enterprise architecture to forecasting, risk management, regulatory compliance, road mapping and execution. The company's ongoing work with these top banking and financial services companies will be the basis for its expanded initiatives in the global banking and financial services industry.

alfabet has identified two key business challenges facing financial institutions as they seek to create ideal support systems through sustainable IT governance, to comply and adapt to these changing business demands:

1. Regulatory Compliance:
Financial intuitions have faced added pressure to comply with the strong increase in governmental regulations, including the Dodd-Frank Act, which have caused confusion and uncertainty in the marketplace. alfabet provides the ability to strategically plan for and effectively adapt to current and future regulatory challenges. This offers transparency to a FSI organization for reporting purposes, but also for the layout and implementation of an IT landscape to comply with future regulatory requirements leading to compliance by design.

2. Modernization:
Financial institutions are undergoing an immense transformation to become the bank of the future, which includes a modernization of their processes, communication channels, and ultimately their IT landscapes. The rise of digital interactions and mobility, including consumer interactions with the company through the web, social networking platforms and mobile devices, also requires the support of more automated processes. As the number of digital touch points for consumers grows, alfabet helps FSI organizations plan and deliver relevant business capabilities to support their business strategies by providing process-oriented, Business IT Management solutions. alfabet helps organizations modernize their enterprise architectures and application portfolios, address organizational silos and contemporary challenges, and reduce complexity while maintaining a high quality of service.

"Banking and financial services institutions are seeking to modernize their IT landscapes given increasing regulatory pressures and a rapidly-evolving technology environment. Many FSI organizations trust alfabet's integrated platform that fully supports their requirements for effective Business IT Management.  By implementing our planningIT solution, our customers gain real-time, comprehensive insight into their current IT landscapes and better manage their application portfolios, which is the foundation for efficient compliance reporting and effective future decision making," said Erik Masing, CEO, alfabet.

About alfabet (www.alfabet.com)

Business IT Management is the task of ensuring that IT powers business success. It combines a deep understanding of the business and its strategy with the insight, planning and execution required to evolve the IT landscape. alfabet is the only vendor providing a comprehensive software suite that supports all aspects of Business IT Management – from accurate insight into the enterprise architecture to IT planning, risk management, compliance, road-mapping and IT Program Control.

alfabet serves with its flagship product planningIT® a global user community of more than 135,000 IT, Finance and Business professionals in more than 40 countries. Customers of alfabet include many of the Global 2000 companies across a broad range of industries in particular financial services, automotive, telecommunications, logistics, and high-tech.

Founded in 1997, alfabet is operating with headquarters in Berlin, Cambridge, Mass and Singapore.

All companies and products listed herein are trademarks or registered trademarks of their respective holders.

For further information:
alfabet AG
Jacqueline Routier
+49 (30) 880 345 166
[email protected]

SOURCE alfabet