Banking Context
Competition
- FinTech
- Neo-banks
- Non-bank providers
Why modern Core?
IT => Agility, Tech Debt,
Connected to new applications / Ecosystem
Business => Customer Experience, Innovation,
Streaming real-time data
New offerings (BNPL) /Product faster
Cloud-native microservices based architectures
Horizontally scalable, Resilient
Data and Logic separation
Event-driven async communication
Configurability => Customizable business logic aka "Smart Contracts"
Context
- Customer expectation - Personalized
- Technology Landscape -
a) Cloud, Digital Channels (Mobile, Social, Ecosystem), Data + ML
b) SMAC (Social, Mobile, Analytics, Cloud)
- Regulations - Privacy, PSD2 (as FinTech Accelerator)
Enterprise Architecture
Process + Data executed by Employees (People)
Multiple stakeholders -
- Business (CEO, CMO),
- IT (CIO, CTO, CDO),
- Operations (COO),
- Risk & Regulations (CISO, CRO)
Alignment of Business + IT
- Business Architecture
- Business process
- Business Capability
- Application Arch
- Data Arch
- Technology Arch
COTS + in-house software (SaaS + on-premise)
Data formats (Structured and Unstructured => Database+Spreadsheets+doc+email+images)
Sources, Quality, Mgmt, Data Backup Archive
Tech Stack (IBM, Oracle, Open Source)
CORE (Centralized Online Realtime Environment)
- Infrastructure Arch
(Deployment Topology)
Infra (Compute+Storage+Network), Zones, Regions
=> Products consumed by end user