Community Research and Development Information Service - CORDIS

Support for effective software evolution in European banks

A critical problem for European banks today is the evolution of the software systems critical to business operations which continuously change to comply with national and European Union (EU) standards and directives. EUROBANQUET proposes a cohesive solution that: monitors the real necessity for harmonization of banking practices with the EU policies and directives; supports decision taking and planning for legislative and corresponding business changes; supports any consequent re-engineering and evolution of banking information systems. EUROBANQUET suppliers provide the solution through a complete consulting and training service to incorporate effective legislative change management in a bank. Registered suppliers are equipped with generic banking reference models, modelling capabilities, the methodology, the toolset and the know-how for incorporating legislative change management in the organization and on the information technology (IT) platform.

Change management is based on a comprehensive methodology that provides an efficient and cost-effective way of assessing and budgeting the software evolution projects from a business perspective while seeking to be in line with the new legislation. EUROBANQUET offers: a methodology for understanding banking organisation and the legislative environments based on generic reusable banking reference models; a methodology for analysing, classifying and evaluating legislative factors which force a banking organisation to revise its tactics, operations and its underpinning software systems; a software toolset which supports the total change cycle, covering the analysis of the impact of changes to the external environments on the bank's business environment, and, consequently on the software system; the analysis of propagation of changes through different levels of description in a software system; a metrication tool that allows the assessment of the business importance of a proposed change to a software system.

Reported by

Athens Technology Center SA
6 Egialias Street
15125 Paradisos Amarousiou
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