For Enterprise Architecture Professionals (Length: 20 pages)

November 14, 2008

The Future Shape Of Banking Architecture In 2023

Industrialized Banking And The New CRM Will Support High-Touch

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

by Jost Hoppermann

with Gene Leganza, Mimi An, Matt Czarnecki


Executive Summary (This is a document excerpt)

Forrester's research on banking IT in 2023 identified a series of requirements and the architectural layers of the future banking platform. The key layers show: (1) a focus on personalized customer services and real-time information analysis; (2) a separation of product design and customization; and (3) a clear distinction between core competencies and nondifferentiation functions supported by selective sourcing. These layers will belong to one, two, or more financial services firms, and they will be connected via a federated semantic banking backbone. The outside world will use the services of these layers via the ubiquitous banking layer — also know as the evolution of the multichannel layer.

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TABLE OF CONTENTS

NOTES & RESOURCES

itemBanking's Future Needs Loosely Coupled And Dynamically Sourced Apps

itemApps Will Turn Into Networks Of Information And Business Services

itemKey Differences Between Today And The Future

recommendations

itemManage The Present And Prepare For The Future

WHAT IT MEANS

itemIndustrialized Banking Needs More Than Technology

alternative view

itemThe Disruptive Event May Have Emerged

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 Multichannel Organization

August 30, 2006

itemThe Next-Generation Banking Platform

May 31, 2006

Find Documents In Related Categories

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

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Banking And Banking IT Of The Future
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