As a result, the cost to develop, maintain and manage a channel can be reduced. Reasons to Worry Retail bankers generally agree on and are moving to internetworking and open systems to provide new or enhanced distribution channels and consumer products and services. However, with traditional banker's caution, they are doing so slowly. Because of the increase in technology and number of channel components required today, bankers should place more time and effort in the design of the IT structure and the architecture of the channel than ever before. It is here that the four concerns listed above are initially addressed.
Retail bankers are in a highly competitive market.
For them, the true benefit of an IT structure is its ability to harness available resources to meet market demands and achieve business objectives. Properly designed and implemented, an IT structure based on open systems and internetworking can assist retail bankers to increase revenue by providing faster time to market of new or enhanced delivery channels and consumer products and services. It can help to reduce costs by protecting technology investments and bringing down total operations, development and maintenance expenses.