Forrester defined 14 requirements for the banking platform of the future — based on an updated view of banking IT in 2023 and Forrester's next-generation banking platform requirements. In total, the requirements define a forward-looking target state architecture for off-the-shelf and custom-built banking platforms. Application development and delivery teams should leverage these requirements to design forward-looking target state architecture for off-the-shelf and custom-built banking platforms, as well as to identify shortlists for banking platform selection processes.