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Banking and IT Consolidation - Using Services Concepts

Submitted by A-G Magazine on Fri, 10/03/2008 - 7:27am.

Large banking organizations are always looking to consolidate IT and improve business efficiency. Historically, banks have developed their business and their technology organically and reactively to meet immediate business needs that have led to extreme and uncoordinated complexity. In the past few years, the regulatory demands placed on banks in the form of MiFiD, Basel II, and Sarbanes-Oxley have clearly demonstrated that these complex environments are extremely difficult to manage and change.

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