For Enterprise Architecture Professionals (Length: 18 pages)

November 13, 2007

European Financial Services Apps Show New Focus And Pace

Renewal Of The Application Landscape Accelerates — And Gets Expensive

This is the first document in the "European Financial Services Architecture Strategy" series.

by Jost Hoppermann

with Gene Leganza, Matthew McCormack, Olesia Klevchuk

Executive Summary (This is a document excerpt)

In the first half of 2007, Forrester surveyed enterprise architects, IT planners, and IT strategists in European financial services firms to get their take on the current state of architecture strategy. The survey yielded three key findings: 1) the clear majority of European financial services firms are working on or planning for renewal — even more so than in 2005; 2) the key initial focal points for renewal have not changed but are more tactical; and 3) renewal budgets are as enormous as predicted.

TABLE OF CONTENTS

NOTES & RESOURCES

itemEuropean Financial Services Firms' Application Renewal Increases Pace

itemFinancial Services Firms' "Baroque Castles" Are Scheduled For Demolition

itemSome "Castles" Have Already Vanished

itemRenewal Initiatives' Initial Focus Shows A Move Toward Next-Generation Architectures

itemBuilding And Running Applications In-House Is Still More Than A Niche Activity

itemApplication Renewal Budgets Are Tremendous

itemThe End Of These Baroque Castles Is On The Horizon

itemThe Renewal Imperative Will Affect Most Financial Services Firms

itemEnterprise Architects Need To Lay The Foundation For Renewal

itemEnterprise Architects Must Use Their Firms' Renewal Budgets Wisely

recommendations

itemPrepare And Review — Or Risk Being Doomed

itemSupplemental Material

Forrester interviewed 55 technology decision-makers, such as enterprise architects, at financial services companies in 13 European countries.

Related Research Documents

itemGlobal Banking Platform Deals 2006: Regions And Functions

August 24, 2007

itemThe Forrester Wave™: Retail Banking Platforms, Q4 2006

November 28, 2006

itemVintage Banking Platforms Need Renewal

December 2, 2004

Find Documents In Related Categories

This document falls under the following categories. Click on a link below to find similar documents.
Analyst: Jost Hoppermann
Technology: Application Development, Architecture & Technology Strategy, Enterprise Architecture, Enterprise Architecture Domains
Industry: Financial Services, Financial Services Technologies
Geography: Europe

Buy Risk Free
Download and print PDF immediately
Price: US $279.00

Add to Cart

Our Money-Back Guarantee
If you are not completely satisfied, return it for a full refund within three weeks of your online purchase.

Already a Forrester Client?
Log in to read this document.

Upcoming Teleconference:
Global Banking Platform Deals 2007
Tuesday, September 23, 2008
corner border corner
Ratings and Comments
Rating: 10 out of 10
based on 2 ratings across all roles.
corner border corner