Published in May 2013 by BIAN Member “Sopra Banking Software”
To face changing customer demands and regulatory requirements — while benefitting from new technologies — banks must undertake major transformation efforts. However, planning and achieving this transformation is a complex task. When a business defines a certain strategy to respond to specific needs, the case can arise that IT and business provide different — or even contradictory — responses, as a result of miscommunication. In the case of major business transformation, many organizations are confronted with the need to better align their business and IT strategies.
In this paper, BIAN member, Sopra Banking Software, a leading solution provider, shares its experiences and the benefits of using banking reference models (including the BIAN model) to ease banks’ way in a transformation project, bringing together best practices through integrated motivation, business and application landscapes.