In order to achieve a better alignment between IT and business, create efficiencies, improve overall IT performance as also enable better control and security, banks need to move towards adoption of well structured IT Governance models. Along with all the other areas of concern of increasing efficiency, cost optimisation, speed and accuracy of processing, straight-through-processing etc.
one issue which can either make or mar a technology-based offering is the safety and security of operations. Certain imperative security controls, checks and balances need to be in place in the form of IT Security in banks.