|
||
|
Source : http://www.mckinseyquarterly.com
Activity:
4 comments
732 views
last activity : 07 06 2010 20:18:04 +0000
|
||
|
|
Rather than traditional IT concerns such as scale and the cost basis of particular countries what is "Far more important is the way a bank's IT unit forms its technology strategy together with the business. Leading banks also take a more disciplined approach to IT architecture, create standardized platforms, and wring more business value from technology investments."
So how does this point to enterprise decision management or EDM? Well there are a few best practices that are supported by taking an EDM approach.
So how does this point to enterprise decision management or EDM? Well there are a few best practices that are supported by taking an EDM approach.
- Strong IT governance and a clear alignment to the business strategy. The use of EDM to automate critical decisions allows those decisions, and thus the systems that rely on them, to be strongly aligned with the business strategy and allows the strongly aligned with the business strategy in defining, managing and improving those decisions.
- Fewer systems and a more coherent architecture. The use of a consistent platform for managing decisions across the enterprise - a decision service hub or enterprise policy hub - can eliminate the need for multiple decisioning applications and bring coherence to multiple channels by offering consistent decisions across them.
- Standardized platforms, By standardizing the way decisions are automated, new products and services and the decisions related to them (pricing, eligibility, cross and up-sell etc) can be created and evolved rapidly.
- Innovation and differentiation, One of the most effective ways to differentiate a standard process is by using EDM to inject unique decisions into that process.
- Smart sourcing. The intelligent use of outsourcing means not only being picky about which processes to outsource but also taking control of the processes you do outsource in an intelligent way.
I hope that this information would be of great help to you. If you find something more don't forget it to share it with me.
TrackBack URL:
4 comments on "Better IT management for banks "
Sort by:
Most Recent
Top Rated
Commented by
varsha ., Technical manger(QMS)
| 11 06 2008 17:34:05 +0000
Report Abuse
Not Rated
Commented by
Samir Nigam, Sr. Software Engineer , SRM TECHSOL Pvt. Ltd.
| 07 26 2008 02:55:46 +0000
Report Abuse
Not Rated
Commented by
Hardik Patel, Team Lead (Staffing and Recruitment), Rishabh Softwares Pvt. Ltd. / Rishi Infotech Pvt. Ltd
| 07 24 2008 10:39:43 +0000
Report Abuse
Not Rated
Commented by
Sourav Chatterjee, IT Engineer- CMC Limited-ATata Enterprise
| 07 22 2008 23:30:32 +0000
Report Abuse
Rating : +1
Found the article
"Better IT management for banks "
interesting ?
Share with your connections and communities
Post Your Resume Now !
- Create a confidential Career Profile and Resume/C.V. online
- Get advice for planning their career and for marketing of experience and skills
- Maximize awareness of and access to the best career opportunities
Viewers also viewed
|
|
On one hand where Moody's downgraded the outlook on India's banking sector to 'negative' from... |
|
|
918 referals
14 arguments,
363 views
|
|
|
The country's largest hypermarket chain Big Bazaar, part of the Kishore Biyani promoted Future... |
|
|
1021 referals
28 arguments,
791 views
|
|
|
The Banking sector has woken up to the potential in the rural sector. More and more specialized... |
|
|
1 referals
21 arguments,
1310 views
|
|
|
|
|
|
|
Recent Knowledge (103)
|
|
17 Management Funda's1. "We will do it" means "You will do it" 2. "You have done a great job"... |
|
|
29 referals
1 comments,
105 views
|
|
|
Today i saw a post on yahoo : http://in.lifestyle.yahoo.com/10-ideal-habits-better-lifestyle-074... |
|
|
648 referals
10 comments,
379 views
|
|
|
A day after he resigned, Santosh Sarode (31), a software engineer, allegedly strangled his... |
|
|
1600 referals
32 comments,
1538 views
|
|
|
|
|
Sponsored Jobs
More From Author
Finance Accounts YES PANKAJ ITS A GOOD COMMUNITY FOR US GAAP. Shailendra sood you are on a right platform where you can get knowledge about any domain. Finance Accounts |
No way.... Why target those who have already done their work ??? |
There has been an increase in the past. I think in the last appraisal there has been an increase of 20%. |