Connected instances of digital architectures help banks prepare for the future


A decade after starting to talk about digital transformation, most banks have a well-thought strategy in place and many have begun to implement it. However, only a few financial institutions have the right application landscape to support a customer-centric transformation. According to a recent Forrester report, only 14% of global financial services firms believe that they have the right technology infrastructure and applications in place to deliver great and differentiating customer experience.

This analyst report, entitled “The Evolution Of Digital Banking Platform Architecture”, analyses the reasons for the disparity between the ambitious strategies set up by banks, and the limitations brought by their aging application landscape. The paper also offers architectural approaches for the development and delivery of applications in line with new business models and the API economy.

To help banks transform, Forrester has designed and enhanced the following digital target state architecture, which the report explains in greater Detail:

 

Are you interested in knowing more about how connected architectures enable banks to be ready for the future? Download this Forrester report, courtesy of GFT, before Oct 16th 2020.