BankIT has been established to address the gap which exists in the financial industry between internal IT departments, global players and providers of standard solutions. We do this by combining strong business domain insight with leading IT skills.

The financial industry today is a very competitive and rapidly changing business. The consequence being a constant dilemma to support future business development with IT solutions, while retaining low costs and focus on high quality and security standards.

BankIT is dedicated to assist these companies by providing consultants who are experienced in both IT and the financial industry, thereby filling the gap between commodity IT players, local players, standard solution providers and internal IT.

BankIT provides a broad range of consultancy services to assist the financial industry with obtaining maximum benefit from IT investments. Some of the key Value Propositions include:

Trusted advisor

When doing major business implementations, IT and/business management might call upon assistance to guide safely through the journey to a successful implementation. bankIT offer this type of support under the label “trusted advisor”

Establish business cases

A sound business case should be the starting point for any project launch. While this might look like a straight forward exercise, understanding what is truly value generating – and what is pure manipulation with numbers requires years of experience. bankIT can provide assistance from individuals who have not only done this many times, but also understands the business drivers.

Define requirement specifications & produce IT design

After development of a sound business case, a requirements specification needs to be established. Again, getting the right support from experienced consultants might be the best money ever spent, in making sure you setup only the requirements which really supports the business case.

Additionally, bankIT has very experienced IT architects who can define and implement the optimal design of a new application.

Bridge building with Business & IT

In some organizations, the cultural and communication gap between business and IT can be an obstacle in implementing the right solution. The combined IT and financial skills of bankIT consultants help to bridge this gap and mitigate the impact.

Management for hire

Often internal IT departments do not have sufficient resources who are skilled in managing large business implementation projects. bankIT offers the option to e.g. hire an experienced project manager to manage the journey to successful implementation. Our project managers combine long project management experience with detailed understanding of the financial industry.

bankIT also offers the option to take over the full responsibility for delivering the project, including management of other suppliers.

Integration of web based services and legacy systems

Whether implementing standard solutions or doing customized development, integration with existing systems is most often a prerequisite for achieving the full value. Through our combined IT and financial expertise, bankIT can assist with designing and implementing the right solution.

Benefits realization and process optimization

Last but not least, the solution needs to be implemented into the business. Too many IT projects have failed to deliver the anticipated business case due to mismanagement of this phase.  It is essential to understand the red line from the business case, via the requirement specification to the implementation in the business organization. bankIT has the necessary experience to ensure focus is maintained, and that the expected benefits are realized.