Monthly Archives: April 2011

Weighing the Cost of IT Complexity: Lessons Learned from the Banking Industry

Most banks have invested heavily in technology to help address compliance requirements and prepare for impending regulatory reform. However, banks tend to be stove-piped organizationally and too often solutions that could be leveraged across the organization are only deployed within a department.

Managing mandatory compliance and regulatory requirements as well as existing infrastructure are critical, but driving efficiency is often overlooked or not addressed due to the absence of a clear strategy or a lack of will by senior management to drive change – despite the fact that there are dozens of success stories. However, the risk of failure is also high if proper planning and support are not in place prior to implementation. Continue reading

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