Bank-in-a-box: An ICT architecture for enabling agile transformation of financial services

Purpose -The purpose of this study is to describe the experiences with the development and use of an agile component-based architecture for enabling the requirements for the transformation of financial services. Design/methodology/approach - The methodology used is a case study. Findings -The findings of the case study indicate that while technically it is feasible to develop and implement such an architecture, a number of managerial and organizational issues need to be addressed before such architecture can become successful. Originality/value -For the practitioners and managers in the financial services industry, this study provides a potential solution to its need for an agile technology platform that can keep aligned with its evolving business requirements.