The Banking Industry Architecture Network and TOGAF

Financial institutions are facing significant changes of the environment in which they operate. For example, the financial crisis, changing customer behavior, increased risk awareness, focus on cost reduction, and the entrance of new financial players in the market-place have structurally changed the financial industry. Not only the operations, but also the supporting IT required a challenging transformational change. Given the close inter-dependency of operations and IT in financial institutions, a carefully planned and guided integrated approach to change is required. Enterprise architecture is key to enabling such change initiatives.