Defining the enterprise architecture for the bank is core to the construct of its applications and its data and technology architecture, aligned to the business model. With the advent of API enablement, this assumes even greater prominence. Cedar helps in defining the enterprise architecture that represents the IT strategy of the bank, aligned to its overall business strategy.
Cedar’s proprietary 8-layer architecture principles helps in defining the overall framework across channels, front, mid, back office, analytics, support function, external payments, and the middleware connectors. These layers are core to the bank and represent both the business imperatives depending on the nature of the bank’s business model, and also the operating model including the nature of inhouse or outsourced functionality.
The end-state architecture blue-print is then developed, using the 7 core principles of functionality, consolidation, adaptability, scalability, inter-operability, rationalization, and customization. The applications that sit across each of these layers are then reviewed for their fitment, to conclude on a retain-replace-upgrade decision, with insights drawn from over 300+ supplier solutions from the rich knowledgebase driven by its Fintech research unit, IBS Intelligence
The fast-track approach of Cedar ensures the outcome of the enterprise architecture design dovetails quickly into the follow-on initiatives including an IT selection exercise, to rapidly institutionalise the end-state architecture designed