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Wells Fargo Customer Story

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Wells Fargo’s WYSTAR is one of the country’s largest retirement services companies, and has grown significantly through several M&As. Their technology stack became quite complex with multiple …

Wells Fargo’s WYSTAR is one of the country’s largest retirement services companies, and has grown significantly through several M&As. Their technology stack became quite complex with multiple technologies and overlapping systems, so they used CAST to consolidate core technologies and reduce maintenance costs. On an ongoing basis, they can maximize internal resources and outsourced labor, while ensuring application quality continually improves.

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  • 1. Success Stories: Wells Fargo Client Profile Wells Fargo’s Retirement Services business unit is one of the country’s largest retirement services companies with over USD 100 Bil- lion in assets. Business Situation The business unit had grown through multiple M&A situations over the last few years, the core of the business having been acquired by several organizations. Their technology stack has grown very complex with multiple tech- nologies added over the last 15 years. This is further complicated by the fast changing business, systems from multiple mergers and acquisitions, and ever increasing regulatory and compliance requirements. To top it all off, there is significant pressure to cut costs down and deliver more to keep business competitive. Solution In order to support the strategic objectives of using technology to differentiate from com- petition while controlling costs, the client’s IT organization has invested in CAST Applica- tion Intelligence Platform (AIP) to: • Be a world class organization delivering high quality applications repeatedly on-time and on-budget • Maximize the business impact of internal resources and technology productivity of outsourced labor • Work with best-of-breed systems integra- tors to leverage external expertise and em- power them to be successful by delivering higher quality products • Gain visibility into existing assets and consolidate core technologies to reduce maintenance costs • Mitigate risks and reduce costs by building quality into customer-facing products “When it comes to IT, there is no smarter investment during this downturn than an investment in application quality” Gene Baker, VP of Application Development and Chief Architect WySTAR Wells Fargo Retirement Services Invests in Application Quality to Cut Costs and Prepare for Economic Turnaround www.castsoftware.com Europe 3 rue Marcel Allégot 92190 Meudon - France Phone: +33 1 46 90 21 00 North America 373 Park Avenue South New York, NY 10016 Phone:+1 212-871-8330 Questions? Email us at contact@castsoftware.com Copyright © 01/2011 CAST All Rights Reserved