Decomposing complexity: modernizing banking IT

70% of banks are not succeeding in implementing their digital strategies. How can banks break down and simplify their journey towards digital transformation?In this episode of 'Banking Reinvented', Tim Rutten and Jouk Pleiter discuss what banks should focus on: adopting a modular, composable IT infrastructure. They tackle the build vs. buy debate and discuss all the strategic considerations banks should take into account to not get bogged down by black and white options.Catch the episode to learn how to drive successful digital transformation with modernized banking IT systems.(00:00) - Introduction(02:10) - What is “decomposing complexity?”(07:56) - Day-to-day decomposing complexity(10:04) - Modular business capabilities(12:20) - Build vs. buy debate(14:30) - Progressive modernization(17:00) - Horizontal vs. vertical modernization(21:49) - Greenfield vs brownfield approaches(24:03) - Key takeaways(29:39) - The importance of executive leadership(30:07) - Episode wrap-upFollow us on LinkedIn:-> Backbase-> Jouk Pleiter-> Tim RuttenStep into the future of finance -> Check out our content hub