Corporate Governance constitutes the accountability framework of a bank. IT Governance is an integral part of it. It involves leadership support, organizational structure and processes to ensure that a bank’s IT sustains and extends business strategies and objectives. Effective IT Governance is the responsibility of the Board of Directors and Executive Management. Access to reliable information has become an indispensable component of conducting business, indeed, in a growing number of banks, information is business. Today, almost every commercial bank branch is at some stage of technology adoption: core banking solution (CBS), or alternate delivery channels such as internet banking, mobile banking, phone banking and ATMs.
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Corporate Governance constitutes the accountability framework of a bank. IT Governance is an integral part of it. It involves leadership support, organizational structure and processes to ensure that a bank’s IT sustains and extends business strategies and objectives. Effective IT Governance is the responsibility of the Board of Directors and Executive Management. Access to reliable information has become an indispensable component of conducting business, indeed, in a growing number of banks, information is business. Today, almost every commercial bank branch is at some stage of technology adoption: core banking solution (CBS), or alternate delivery channels such as internet banking, mobile banking, phone banking and ATMs.
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