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In their attempt to cut costs in difficult times, banks often cut back on revenue-enhancing IT projects, which harms long-term growth.
Amid the growing complexity of vendor management issues, banks need to take a qualitative approach to making sure the vendor is meeting their needs.
Bankers make the mistake of putting technologists rather than business experts in charge of their IT governance, which is why IT doesn’t serve strategy.
As financial institutions debate whether they need to move their computing functions to “the cloud,” five considerations should influence their decision.
Banks under stress from declining fee income can turn the tide by leveraging the capabilities of their often-forgotten treasury management operations.
The discipline of IT Portfolio Management can help untangle the inefficiencies and excessive costs of technology investments made over previous decades.