A Leading Bank that we have the privilege to work with, invests a lot in its clients!
Although this may sound like an advertisement, it’s actually a post about Digital Architecture!
Looking into the future, Bank management decided to initiate a substantial business-technological change by identifying and planning a Digital Architecture. In addition to considerably speeding up Time-To-Market, these processes will make the Bank more efficient and flexible in the face of frequent changes in business markets in general and financial institutions markets in particular.
Implementing a digital architecture in a bank is not an easy task. There are lots of factors and aspects involved: managers, developers, team leaders, data security, CTO, core systems, integration specialists, DevOps, sophisticated technologies, and so on.
In our experience, such complex planning takes at least half a year to carry out efficiently. In this case, however, we have fully backed the bank’s initiative to carry out a rapid, yet efficient process. A process that would allow everyone involved in Digital to sit down around a table, look at the big picture, and develop an architecture that would provide the ultimate solutions for the requirements of the future. As part of the process, we had to agree on the steps that needed to be taken to achieve the desired results.
Then we hit the road… For three days, we held intensive, focused workshops for managers of Digital Departments. After analyzing the current situation, existing gaps, innovative technologies, and expected challenges, we formed the cornerstones of the future architecture. Additionally, we have outlined a roadmap and planned the steps necessary to achieve the goal.
Clearly, in today’s world, we cannot wait for the Big Bang in order to integrate the new architecture in its entirety in one step. As a result, we have developed a gradual process to ensure business continuity and mitigate business risks. We outlined a short-term plan that included a number of significant “Quick wins.” We also considered long-term changes.
It’s important to emphasize that it was a team effort by everyone involved. We have done this to lower barriers, speed up the process while overcoming setbacks and inevitable delays, and to come up with a shared end product – a solution that everyone can agree on.
The entire process, including the new architecture consolidation, recommendations document, and comprehensive work plan, took less than five weeks.
The process was interesting, high quality, and mutually enriching. It’s up to us to prove it!
Would you like to be a part of an engaging and successful process of building Digital Architectures?Contact us! The coffee and the expertise are on us – email@example.com.