Banks View Tech Projects Through Business Lens

Financial News on October 02, 2006

As the lines between business and technology blur, business managers are becoming involved in tech governance at some financial institutions, a move welcomed by the execs interviewed for this article. At Morley Fund Management, the IT department is split into three groups: one managing day-to-day functions, a second that works on new projects, and a third responsible for quality assurance and architectural design. Governance is even more critical in situations where IT functions are outsourced. ABN Amro, a bank that outsources much of its IT, created a business alignment review board of staff to ensure that new IT projects sync with its business plans.