IT
M
ost established banks have evolved various
core IT systems as product demands have
changed. These have been further augmented
by requirements for customer centricity, realtime demands of direct channels, along with
analytical and reporting functionality in the middle office and
business operations environments. The direct result has been a
proliferation of peripheral systems and an ever-increasing level of
complexity in the IT environment.
Banks face increasing pressure to rapidly develop and deliver
new products and services into existing and new markets, while
reducing costs and complying with an ever-evolving regulatory
environment. These challenges are further heightened by a complex
IT environment.
The IT field is fi