At global, dynamic organizations, like commercial banks, IT undertakes large and small projects every week. This becomes increasingly more complex and increasingly more expensive for companies when implementing software solutions across regions and through language barriers. TIBCO lowers the costs for every new project by integrating diverse enterprise systems. Having a uniform, centralized dataflow allows IT to have greater access to the easy-to-utilize information they need to implement new software solutions.
Taiwan’s largest global bank, award-winning Chinatrust Commercial Bank, used TIBCO in their expansion to the huge financial markets of Singapore, New York, Hong Kong, Japan, and India. You can see how IT would have problems standardizing a single service like loans with such a diverse customer base. New projects at Chinatrust have cost savings as high as 30 to 40 percent for any given project, with a service re-use rate at 30 to 35 percent.