Banking Briefing

I just recently did a talk on application modernization for attendees from the financial services industry. The discussions we had afterwards were quite interesting and I enjoyed the sharing of ideas and potential solutions.

Interestingly enough, on my flight back home, I read an article in one of the biggest German newspapers. The title of this article was (more or less) “The next break-down is about to happen soon”. The content basically is all about digital transformation in the banking industry and how constantly evolving customer demand and expectation is the reason why these huge financial institutions are struggling to cope with these requirements. The root cause seems to be too many and over-aged applications in their IT landscape. The article mentions that an average (German) bank has about 1,200 (!) IT applications deployed and in production.