For Enterprise Architecture Professionals

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	November 13, 2007 European Financial Services Apps Show New Focus And Pace Renewal Of The Application Landscape Accelerates — And Gets Expensive by Jost Hoppermann with Gene Leganza, Matthew McCormack, Olesia Klevchuk	Average: 10  (2 ratings)

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Executive Summary

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

• European Financial Services Firms' Application Renewal Increases Pace
• Financial Services Firms' "Baroque Castles" Are Scheduled For Demolition
• The End Of These Baroque Castles Is On The Horizon

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