Daniel Gozman and Jonas Hedman describe a modular architecture approach to taking banking to the next level. Modular architecture lets banks build their value propositions into services, functionalities, and raw data while enabling new distribution and service creation. Using a four-pronged framework, the authors explain how banks can continue their current role as integrator while expanding into roles such as producer, distributor, and platform.
Article
Revolutionizing Banking Through Modular Architecture
Posted February 14, 2023 | Industry | Amplify
About The Author
Daniel Gozman is Associate Professor and Director of Engaged Research at the University of Sydney Business School, Australia, and an Honorary Fellow at Henley Business School at the University of Reading, UK. He has acted as an academic advisor to international law firms, analyst groups, and global technology firms. Dr. Gozman has been published in Journal of Management Information Systems, European Journal of Information Systems, Information… Read More
Jonas Hedman is a Cutter Expert and a member of Arthur D. Little's AMP open consulting network. He is a Professor in the Department of Digitalization at Copenhagen Business School (CBS), Denmark. Mr. Hedman's research involves the digital transformation of money and payments, layered architecture of money, and cashless society. He is known for his work on business models and contemporary thinking in IT evaluations. Mr. Hedman has consulted for… Read More
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