Executive summary

In the dynamic world of banking, staying ahead requires a fundamental shift in how financial institutions approach data and technology. 

The traditional banking landscape is being reshaped by technological advancements, evolving needs of customer-facing business functions and increasing regulatory complexities. 

To address these challenges and seize new opportunities, banks are increasingly turning to modern enterprise architecture transformation with cloud technology at its forefront. 

This whitepaper explores the pivotal role of cloud-powered modern enterprise architecture in revolutionizing banking operations, fostering innovation and addressing risk- and compliance-driven requirements, powered by a simplified architecture methodology - CRISIL’s approach to simplify and modernize the data landscape.