Essentials Report

Topic Overview: Banking Platforms

April 30th, 2007
With contributors:
Mary Pilecki , Cliff Condon , Benjamin Ensor , Tim van Tongeren

Summary

Today's banking platforms must cope with continuously changing business environments and a flood of new requirements, while staying sufficiently agile. While some banks have already started to move toward a new banking platform, others still need to do so. Banking platform renewal requires thorough preparation, based on a business foundation and a clear set of IT requirements, if banks are to select the right banking platform vendors for their shortlist and/or describe the target state architecture for renewal. The path to a shortlist is based on requirements for a next-generation banking platform and the concept of the banking backbone.

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