Model Overview Report

Use Forrester’s Digital Banking Platform Architecture To Accelerate And Derisk Digital Transformation In Banking

March 7th, 2022
With contributors:
Oliwia Berdak , Stephanie Balaouras , David Mooter , Nicola Shorten , Sam Bartlett

Summary

Banks have been discussing the need to transform for a decade, but most continue to work with ancient, legacy applications. Layered architectures can help technology teams move away from legacy banking applications such as traditional core banking while mitigating transformation risk. Layered architectures also allow banks to assemble application landscapes from cloud-based and on-premises applications and prepare for the heterogeneous application scenarios of the API economy. This report summarizes Forrester’s digital banking platform architecture framework and how it can help reduce transformation risk and complexity and foster coexistence of the legacy and the digital world.

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