The Banking Backbone Is Dead. Long Live The Banking Backbone

I just returned from a business visit to India, and on the long way back, I had the time to sort out some observations and ideas on the future of the banking backbone that I had discussed with bankers as well as banking platform vendor execs over the past few weeks. But let me start from the beginning.

A couple years ago, Forrester introduced the banking backbone, covering a number of infrastructure functions such as security, directory, business activity management, service repository, and integration services and in particular supporting micro- and macro-level workflows. In the meantime, the banking backbone became a key element of the next-generation banking platform and evolved further within the banking platform of the future. Today, many banks are still on their way to implementing a comparably narrowly defined version of the banking backbone.

However, advanced banks of different sizes — many of them in the retail space — decided to take an approach that may make an extended definition of Forrester’s banking backbone mandatory: They opted for a more business- than infrastructure-oriented backbone. In a first step, they identify a suitable integrated banking platform with a good fit to their requirements. Next, they “strip” it of all modules that are not fully up to the requirements of the key areas of their business and supplement these with best-of-breed solutions and, where necessary, custom-built solutions. Thus, the integrated banking platform acts as a more business-oriented banking backbone that integrates with all kinds of satellite and peripheral applications.

Is this an approach you would consider for your bank? Or, if you are working in a different industry, have you seen similar approaches? Please let me know what you think. JHoppermann@Forrester.com

Comments

Quaresma sinirlendi!

Beşiktaş’ın Portekizli yıldızı, Gaziantep Belediye maçında yenen golün ardından küplere bindi. Arkadaşlarına kızan Q7, Hilbert’i azarlayıp kendilerini ileri çıkmaları konusunda sık sık uyardı

Siyah-Beyazlı ekibin, Ziraat Türkiye Kupası’nda Gaziantep Büyükşehir Belediyespor ile oynadığı mücadelede Quaresma fırtınası esti! Ancak Portekizli yıldız bu kez karşılaşmaya attığı gollerle değil sinirli hareketleriyle damgasını vurdu. Q7 özellikle ilk yarıda yenen golün ardından büyük üzüntü yaşadı. Bank Asya 1. Lig temsilcisi karşısında yenik duruma düşmelerinin ardından takım arkadaşlarını ileri çıkmaları konusunda sık sık uyardı. Bununla da yetinmeyen golcü futbolcu bir pozisyon sırasında kendisine pas vermeyen Alman oyuncu Roberto Hilbert’e bağırdı. Kendisinin daha müsait durumda olduğunu savunan Q7, dikkatli olması konusunda Hilbert’i uyardı.