Gartner Research

Questions to Ask Vendors When Evaluating Bank System Openness

Published: 11 June 2015

ID: G00263428

Analyst(s): Mary Knox

Summary

Open bank systems are critical for enabling agility and efficiency for the digital bank; however, the label "open" is overhyped and applied too liberally. Banking IT leaders should ask these questions and consider our recommendations to cut through the marketing jargon.

Table Of Contents
  • Impacts

Analysis

Impacts and Recommendations

  • Granular, independent components are being evaluated by banking IT leaders as a means to realize efficiency and agility goals
  • Exposing APIs to application functionality and data enables banking IT leaders to achieve reuse, create new applications and integrate with third-party workflows
  • Lack of findability, developer assistance and safeguards limit the value banking IT leaders will achieve

Gartner Recommended Reading

©2019 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?

Become a client