Gartner Research

Questions to Ask Vendors When Evaluating Bank System Openness

Published: 11 June 2015

ID: G00263428

Analyst(s): Mary Knox


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


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

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