This paper from IBM addresses one of the most serious challenges that banks face today: How to deliver their strategic objectives while being hindered by increasingly complex and inflexible business and technology operating models.
Those who have been successful have adopted a progressive transformation approach at the business and technology levels.
Technology developments such as the increasing use of open standards and the industry acceptance of these standards have made it possible for banks to move towards a Component Business Model (CBM) built on a Service Oriented Architecture (SOA) foundation.
IBM outlines in this paper some of the key decisions and actions that banks need to take in their progressive transformation journey illustrated by banking industry examples.
Download the paper here