All strategic drivers of a bank (revenue, cost, risk) are today significantly driven by new technology platforms. Traditional banks have to speed-up their digital transformations or risk losing their market position. Big Tech and FinTechs are already here and showing the way. Banks should respond with a Brownfield and Greenfield strategy mix!
As a foundation for individual digital transformation initiatives, BearingPoint provides guidance for strategy and execution using – among other assets – its new banking platform architecture models as well as tailored roadmaps for the digital transformation journey.
The spectrum of architecture models seen in practice vary from traditional architectures over Brownfield architectures to Greenfield architectures. To obtain significant business results by exploiting the digitalization potential, a minimum level of well-architected technical capabilities along with business and organization capabilities is necessary to be established at scale. Therefore, we recommend establishing basic capabilities while moving from traditional architectures to a Brownfield architecture model and scaling matured capabilities when moving to a Greenfield architecture model.
Digital transformation journeys typically aim towards a Brownfield or Greenfield architecture model, often based on a strategy-mix distinguished by division or product.
The consistent use of data lineages allows the step-by-step generation of cost reductions by an early operative use of the new fit-for-purpose bank steering architecture. Our unique approach enables the institutions to plan and execute the upcoming transformations more precisely, cost-effectively and with less risk than conventional transformation strategies.
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