Forrester IT

JUNE 17, 2024

Well, that’s how legacy, monolithic banking systems are: inflexible, siloed, and product-centric; closed, batch-based, unintelligent, and security-challenged — relics of a bygone era. Now, dramatically change their environment. Sounds like a recipe for extinction, right?

Banking 432

Banking Security System Architecture 432

CIO Business Intelligence

FEBRUARY 11, 2025

The built-in elasticity in serverless computing architecture makes it particularly appealing for unpredictable workloads and amplifies developers productivity by letting developers focus on writing code and optimizing application design industry benchmarks , providing additional justification for this hypothesis. Architecture complexity.

Architecture 259

Architecture Financial Enterprise Enterprise 259

CIO Business Intelligence

JUNE 2, 2022

Hot technologies for banks also include 5G , natural language processing (NLP) , microservices architecture , and computer vision, according to Forrester’s recent Top Emerging Technologies in Banking In 2022 report. 5G aids customer service. 5G aids customer service.

Banking 363

Banking Artificial Intelligence Financial Architecture 363

Forrester IT

FEBRUARY 21, 2023

Over three quarters of banks are increasing their spending on emerging technologies, creating the potential for hype and fear of missing out. Forrester identified nine emerging technologies that should be on the list of every bank, either now or later.

Banking 370

Banking Architecture Strategy 370

Network World

JUNE 13, 2024

The stages of a cyberattack are analogous to that of a bank robbery. When discussing the progression of a cyberattack with CXOs, I often describe it like this: • Stage 1: When bank robbers are planning a heist, the first thing they do is identify potential banks to target.

Banking 393

Banking Insurance Malware Trends 393

CIO Business Intelligence

SEPTEMBER 10, 2024

More organizations than ever have adopted some sort of enterprise architecture framework, which provides important rules and structure that connect technology and the business. The results of this company’s enterprise architecture journey are detailed in IDC PeerScape: Practices for Enterprise Architecture Frameworks (September 2024).

Architecture 289

Architecture Enterprise Enterprise Disaster Recovery 289

Forrester IT

SEPTEMBER 28, 2021

Banks and other financial services firms always ask: “What are the others doing?” They leverage the answer to this question to assess their overall strategic position, compare their key challenges with those of others, and plan for the transformation of their application landscape to a more powerful customer-centric approach.

Financial 370

Financial Architecture Survey Banking 370

CIO Business Intelligence

AUGUST 22, 2022

Along with nearly every other industry, banking is facing greater competitive pressure than ever. As banks continue to face this reality, they’re also tasked with addressing a variety of rapidly changing issues, including those surrounding data protection, adoption of cryptocurrency, and anonymizing data (AI models). .

Banking 327

Banking Financial Mobile Authentication 327

Network World

OCTOBER 28, 2024

Capitec is the second largest bank in South Africa, and like financial institutions the world over, it’s a potential target for attackers. I was confident that a zero trust architecture with the right vendor would at least help address our security concerns. You and your teams need to be aware of the effort it takes.

Policies 370

Policies Architecture Case Study Financial 370

Forrester IT

SEPTEMBER 11, 2020

A few days ago, Forrester published two Forrester Waves, one focusing on retail banking, the other on corporate banking. With these Forrester Waves, we separated off-the-shelf banking back ends for retail and corporate banking for the first time.

Banking 329

Banking Software Software Retail 329

CIO Business Intelligence

DECEMBER 3, 2024

Generally speaking, a healthy application and data architecture is at the heart of successful modernisation. A high-street bank in the UK shows just how necessary it is to tackle the challenges that modernisation poses systematically. Learn more about NTT DATA and Edge AI

Industry 305

Industry IBM Applications Banking 305

Forrester IT

MAY 1, 2019

Your banking site takes payments. […]. Little did The Incredibles villain Syndrome know that he was predicting the challenge of digital experiences, and customer experience itself. Those scores are flat or down over the last three years.) Sure, your coffee app and online retail store work great.

Architecture 351

Architecture Banking Retail Advertising 351

Forrester IT

JULY 9, 2020

For banks, open banking implementation is not straightforward – differing standards, specifications, and deployments result in the need to resolve complexity across interfaces. VCs poured over […].

Banking 322

Banking Financial Meeting Architecture 322

CIO Business Intelligence

JANUARY 24, 2024

Karen Higgins-Carter, previously CIO of Webster Bank, joined Gilbane just over a year ago as CDIO with the responsibility of digitally transforming this 153-year-old business. Or as she puts it: “I walked into an architecture with a set of bespoke solutions that were selected based on whatever the need was at the time.

Architecture 297

Architecture Construction Real Estate Virtualization 297

Forrester IT

JULY 28, 2021

Banks don't need new core banking systems, they need new paradigms to deliver core banking capabilities - and they need them today or tomorrow.

Banking 300

Banking System Financial Architecture 300

Forrester IT

JULY 11, 2024

Explore Forrester’s digital banking processing platforms landscape report, highlighting 26 vendors and the transformative potential of these modern core banking systems for enhanced customer experiences and operational efficiency.

Banking 259

Banking Report System Architecture 259

CIO Business Intelligence

SEPTEMBER 14, 2023

With this in mind, we embarked on a digital transformation that enables us to better meet customer needs now and in the future by adopting a lightweight, microservices architecture. We found that being architecturally led elevates the customer and their needs so we can design the right solution for the right problem.

Architecture 264

Architecture Engineering Enterprise Enterprise 264

CIO Business Intelligence

DECEMBER 9, 2024

Generally speaking, a healthy application and data architecture is at the heart of successful modernisation. A high-street bank in the UK shows just how necessary it is to tackle the challenges that modernisation poses systematically. Stabilisation and extensive modernisation were called for to boost its business results.

Industry 245

Industry IBM Applications Banking 245

CIO Business Intelligence

DECEMBER 30, 2024

According to a Bank of America survey of global research analysts and strategists released in September, 2024 was the year of ROI determination, and 2025 will be the year of enterprise AI adoption. Agents can be more loosely coupled than services, making these architectures more flexible, resilient and smart.

CTO Hire 354

CTO Hire Software Development Software Software 354

Forrester IT

JULY 1, 2022

Application architectures in banks cannot afford to treat product-centricity as a stepchild, but need to focus on it as much as on customer-centricity. Product externalization helps banks move in this direction.

Banking 195

Banking Architecture Applications Strategy 195

CIO Business Intelligence

APRIL 2, 2025

In 2008, SAP developed the SAP HANA architecture in collaboration with the Hasso Plattner Institute and Stanford University with the goal of analyzing large amounts of data in real-time. The entire architecture of S/4HANA is tightly integrated and coordinated from a software perspective. In 2010, SAP introduced the HANA database.

System 269

System SAP Licensing Architecture 269

Forrester IT

MAY 23, 2022

Modern banking platforms allow banks to elevate their customer experience and deliver more business value more seamlessly and more effectively. Banks and their technology teams can leverage market dynamics to make digital transformation more feasible both architecturally and economically.

Banking 195

Banking Architecture Trends Software 195

CIO Business Intelligence

JANUARY 6, 2025

AI and Machine Learning will drive innovation across the government, healthcare, and banking/financial services sectors, strongly focusing on generative AI and ethical regulation. The financial sector will see rapid adoption of digital payments, open banking, and Central Bank Digital Currencies (CBDCs).

Trends 203

Trends Energy Healthcare Government 203

CIO Business Intelligence

JANUARY 30, 2025

These solutions are preferred for healthcare, banking and telecom industries, where stringent privacy and security standards are non-negotiable. In the years to come, advancements in event-driven architectures and technologies like change data capture (CDC) will enable seamless data synchronization across systems with minimal lag.

Government 282

Government Trends Security Data 282

CIO Business Intelligence

NOVEMBER 26, 2024

In the banking industry, for example, fintechs are constantly innovating and changing the rules of the game, he says. We also need to understand where business is heading and update our architecture and tech stack based on future business needs,” Ivashin adds. No one wants to be Blockbuster when Netflix is on the horizon, he says.

Survey 331

Survey System Tools Applications 331

Forrester IT

NOVEMBER 7, 2022

Functionality in retail and corporate banking is not highly differentiating anymore. In the future, only those that can support partner solutions in their ecosystem seamlessly can fully cope with banking industry's expanding requirements.

Banking 195

Banking Software Software Retail 195

CIO Business Intelligence

JUNE 23, 2022

M&T Bank is a community-focused banking franchise with approximately $140 billion in assets, and a network of 700 branches across New York, to Virginia, and the District of Columbia. By Milan Shetti, CEO Rocket Software. They offer advice, guidance, expertise, and solutions across the entire financial spectrum.

Banking 246

Banking Devops Software Software 246

CIO Business Intelligence

APRIL 11, 2023

The financial services sector is undergoing rapid change as fintechs develop convenient, consumer-focused services that were once the province of traditional banks. A modern bank must have an agile, open, and intelligent systems architecture to deliver the digital services today’s consumers want.

Cloud 340

Cloud Microsoft Financial Banking 340

Forrester IT

JANUARY 16, 2019

We’ve kicked off some new research, and we need your help. An important part of Forrester’s research process is gathering input from financial services companies, so we can advise our clients on the latest trends in the market. We’re currently fielding a survey for vendors, end users, and experts that will provide the key input […].

Survey 327

Survey Financial Architecture Trends 327

CIO Business Intelligence

MARCH 24, 2025

A recap: A growth mindset and the cognitive value chain Because deploying technology is a means to an end rather than an end in itself, heres a recap of the keys to achieving great outcomes by deploying a winning genAI infrastructure and architecture.

Data 307

Data Enterprise Enterprise Tools 307

CIO Business Intelligence

JANUARY 21, 2025

Other document processing use cases include conducting clinical trials in life sciences, loan underwriting in retail banking, and insurance claims processing. Before gen AI, speed to market drove many application architecture decisions. Should CIOs bring AI to the data or bring data to the AI?

CTO Hire 356

CTO Hire Fractional CTO Strategy Government 356

Forrester IT

DECEMBER 4, 2024

The Forrester Wave™: Digital Banking Processing Platforms, Q4 2024 evaluates the top DBPPs driving digital transformation in banking. Successful digital transformation involves more than just impressive front-end applications. It requires overhauling a complex web of technology infrastructure and tightly coupled systems.

Banking 195

Banking Applications System Architecture 195

CIO Business Intelligence

MARCH 20, 2025

And its modular architecture distributes tasks across multiple agents in parallel, increasing the speed and scalability of migrations. Instead of performing line-by-line migrations, it analyzes and understands the business context of code, increasing efficiency. The EXLerate.AI

Enterprise 233

Enterprise Enterprise Insurance Artificial Intelligence 233

CIO Business Intelligence

MARCH 5, 2025

Open architecture platform: Building on EXLs deep data management and domain-specific knowledge, EXLerate.AI offers an open architecture platform, ensuring clients have flexibility. And its orchestration capabilities enable these agents to interact with each other with minimal human involvement.

Artificial Intelligence 214

Artificial Intelligence Insurance Enterprise Enterprise 214

CIO Business Intelligence

MARCH 16, 2025

The emergence of super-apps offers a unique opportunity for leaders in banking and payments to innovate and expand their reach. Financial institutions can tap into new demographics, prioritizing convenience and seamless banking application experiences. The trend is most pronounced in financial services and payments.

Mobile 165

Mobile Banking Applications Financial 165

CIO Business Intelligence

DECEMBER 10, 2024

This process not only requires technical expertise in designing the most effective AI architecture but also deep domain knowledge to provide context and increase the adoption to deliver superior business outcomes. Similarly, we orchestrated and engineered another multi-agent solution for a leading bank in the U.S.

Insurance 290

Insurance Engineering Enterprise Enterprise 290

Forrester IT

MARCH 27, 2023

Read on for a look at Forrester’s evaluation of the 13 most significant open banking intermediaries: The Forrester Wave™: Open Banking Intermediaries, Q1 2023.

Banking 195

Banking Financial Architecture Applications 195