Trends Report

Architecting The Future Of Banking, 2024

Eight Trends Transforming The Banking Technology Architecture

September 30th, 2024
Huard Smith, Principal Analyst
Huard Smith Principal Analyst
With contributors:
David Hoffman , Sohm Gough , Manuel Geitz , David Mooter , Tiffany Do , Jen Barton

Summary

The banking industry stands at a critical crossroads, facing unprecedented challenges and strategic imperatives. To thrive, leading banks are transforming their technology architectures to better serve their customers and grow, become more cost efficient, and stay ahead of evolving regulations. In this report, we explore eight key technology architecture trends. Technology and business leaders at banks can use this report to guide the transformation of their technology architectures, which will allow them to enhance customer experiences, accelerate innovation, optimize processes, strengthen risk management, embrace open banking, and harness the power of data and AI to remain competitive.

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