For Enterprise Architecture Professionals (Length: 14 pages)

September 19, 2008

Bank Branches Are Here To Stay — But With Key Differences

High-Tech Will Drive High-Touch Banking

This is the second document in the "Banking IT In 2023" series.

by Jost Hoppermann

with Gene Leganza, Mimi An, Kahini Ranade


Executive Summary (This is a document excerpt)

An increasing number of banks are working on their long-term business and IT visions of the future, continually realigning their IT strategies. To help enterprise architects better understand the business and IT environment of the future, Forrester surveyed key vendors in the banking space and interviewed banking executives on five continents to get their take on banking's — and banking IT's — future. The net outcome for their branches? Branches will survive in many incarnations, but the classic brick-and-mortar one will be rare. And all types of branches will need high-tech infrastructure to be efficient and to improve the customer experience as well as the customer relationship.

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TABLE OF CONTENTS

NOTES & RESOURCES

itemBank Branches Survive — With The Classic Brick-And-Mortar As An Exception

itemThe Branch Is Dead; Long Live The Branch!

itemThe Bank Branch Will Be Leaner Or Richer Than Today

itemVirtual Advisors Will Support Branches

itemCustomers Will Interact With The Sales Branch In Various Ways

WHAT IT MEANS

itemFuture Branches Will Focus On The Customer, Not Primarily On Selling

itemSupplemental Material

Forrester surveyed British Telecom (BT), Fidelity National Information Services, Hewlett-Packard, IBM, Infosys, Microsoft, Misys, Oracle, SAP, Sun Microsystems, Tata Consultancy Services, and TEMENOS, and interviewed a large number of banks in four world regions.

Related Research Documents

itemFinancial Services Of the Future: Collaborative Competition Will Be The Norm

August 20, 2008

itemThe Next-Generation Banking Platform

May 31, 2006

itemReorganizing The Branch For Sales

March 16, 2004

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Analyst: Jost Hoppermann
Technology: Application Development, Architecture & Technology Strategy, Customer Relationship Management, Enterprise Architecture, Enterprise Architecture Domains, Packaged Applications
Industry: Consumer Financial Services, Financial Services, Financial Services Business Process Management & Improvement, Financial Services Customer Experience, Financial Services Customer Relationship Management, Financial Services Technologies, Retail Banking
Geography: Asia Pacific, Europe, North America