The Application of Enterprise Reference Architecture in the Financial Industry

Financial institutions are facing enormous challenges in business / IT alignment. Enterprise architecture (EA) is seen as key in addressing these challenges. Major issues still exist in EA design and realization. The concept of reference architecture is explored as one of the elements that are essential to improve the quality of architectural work. In this paper we describe the research agenda to ERA. First we provide a working definition for the concept of Enterprise Reference Architecture (ERA). Second we provide a conceptual model wherein ERA is positioned. The research is based on Design Science and is now in the first explorative phase. Pilot interviews were held with the objective to validate the model. Preliminary results show that the model is recognized and give also insight in current needs for ERA.

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