The Central Bank of Brazil is responsible forkeeping Brazil's currency stable byimplementing the country’s monetary and creditpolicy. The bank also tracks the liquidity ofBrazil’s financial institutions, and supervises the overall financial system.
“The institutional objective was to improve access to stored data, reduce response time in order toanswer internal requests, and thus be able toprovide the required information. The Informaticasolution has brought benefits to the organizationand paid off its investment.”
— Augusto Ornelas Filho, Integration Chief, IT Department, Central Bank of Brazil
Rapid economic growth in Brazil put pressure on the Central Bank’s ability to monitor and control the country’s financial system.
The Bank needed to modernize, streamline and refine its management processes, and obtain more detailed and timely financial information onbanking system clients.
The Central Bank needed to improve the productivity of its IT team, streamline the implementation of new business rules and make relevant and reliable information available at the right time.
Data transfers occurred through non-standard programs, resulting in unacceptably slowresponse times.
The Bank was struggling to cope with the integration of growing data volumes, arising from increased financial transactions flows in the Brazilian economy.
Led to a 30% increase in integration productivity.
Halved the time required to document processes.
Decreased the time necessary to implement new projects.
Standardized processes among multiple IT teams.
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