Aligning and rationalizing your business applications: How to simplify the IT portfolio and reduce costs in financial services
In financial services, even as revenues stagnate and overall costs increase, spending on IT for the banking industry has ballooned. This is compelling banks and financial services companies to undertake large initiatives for “application rationalization”: consolidating and improving the ways in which IT systems are used. This white paper describes proven strategies for banks to successfully execute application rationalization programs, combining bottom-up organizational design with top-down guidance. This approach will cut costs and allow your business to grow stronger.