IT infrastructure in the banking sector forms the bedrock of effective access, security and data control. When designed and deployed correctly, your IT infrastructure protects business operations and sensitive client data while providing a seamless digital user experience for customers and employees. However, to maintain technological momentum, many firms in the financial industry have legacy platforms that require modernisation. In this article, we explore how the role of IT infrastructure in the banking and financial sector is changing. Discover how companies can benefit from transitioning to modern digital strategies in a world where new disruptive competitors and cloud-based applications are commonplace.
When we talk about IT infrastructure in the banking sector, we’re referring to the system of hardware, software, facilities, service and network components that support the delivery of all business systems and IT-enabled processes.
- The hardware consists of the computers, mobile phones and tablets used by employees as part of business operations
- The software is all banking applications used by employees and audiences
- The facilities are the bank’s office locations and everything closely associated with those physical environments
- The service parts are all the connections and accounts used to access sensitive data
The network parts are all the APIs, external links and data exchange standards
