Gartner Research

Three Practices Enterprise Architects in Banks Should Avoid in Order to Respond to Key Banking Trends

Published: 06 October 2014

ID: G00264746

Analyst(s): Mark McGregor


Banks see a combination of technology-enabled competitors and regulation eroding their competitive advantage. As enterprise architects seek to help banks respond more effectively to key trends disrupting their industry, they need to avoid a number of worst practices to ensure effective responses.

Table Of Contents
  • Key Challenges



  • EA Practitioners in Banking Who Focus on the Current State First and Foremost Will Remain Largely Irrelevant as the Business Seeks to Exploit Digitalization of Banking
    • Case Study: How Future-State Thinking Yields Better Business Outcomes
  • EA Initiatives in Banking With the Sole or Primary Goal of Reducing IT Costs and Complexity Miss the Business Strategic and Operational Changes Required to Respond to the Demands of Democratization of Money
  • Banks That Continue to Think and Act Transactionally Will Struggle to Deliver Valuable Business Outcomes That Support Changing Customer Experience Needs and Exploit the Expanded Business Opportunities of Open Banking

Gartner Recommended Reading

©2021 Gartner, Inc. and/or its affiliates. All rights reserved. Gartner is a registered trademark of Gartner, Inc. and its affiliates. This publication may not be reproduced or distributed in any form without Gartner’s prior written permission. It consists of the opinions of Gartner’s research organization, which should not be construed as statements of fact. While the information contained in this publication has been obtained from sources believed to be reliable, Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartner research may address legal and financial issues, Gartner does not provide legal or investment advice and its research should not be construed or used as such. Your access and use of this publication are governed by Gartner’s Usage Policy. Gartner prides itself on its reputation for independence and objectivity. Its research is produced independently by its research organization without input or influence from any third party. For further information, see Guiding Principles on Independence and Objectivity.

Already have a Gartner Account?

Purchase this Document

To purchase this document, you will need to register or sign in above

Become a client

Learn how to access this content as a Gartner client.