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Concept
Information Framework
Summary
Information FrameWork (IFW) is an enterprise architecture framework, populated with a comprehensive set of banking-specific business models. It was developed as an alternative to the Zachman Framework by Roger Evernden.
The banking specific business models are an extension to the Component Business Model.
The IFW business models describe the business of the bank and are an efficient communication bridge between business and technology communities. They are designed to be readily accessible to business users and focus on industry issues in areas such as Customer Insight, Multi-Channel Transformation, Core Systems and Risk & Compliance.
The IFW comprises:
Information Models: providing banking data content to address areas such as enterprise-wide view of information;
Process Models: providing banking business processes content to address areas such as business process re-engineering;
Integration Models: providing business services content to address areas such as services oriented architectures;
The IFW business models typically support over 80% of business requirements and can be customized and extended to cover the specific requirements of a bank. The IFW business models will assist a bank in implementing a flexible, reusable, extensible and easily customizable architecture, which in turn will enable the bank to:
Be more adaptive and to respond quickly to changing customer needs;
Focus on achieving competitive differentiation;
Identify and leverage best practice behaviors across the organization;
In its conception, the IFW was an enterprise architecture framework created as an alternative to the Zachman Framework. In 1987 John Zachman proposed the Zachman Framework to describe Information Architecture with the six concepts: The what related to data, how related to process, where related to network and location, who related to actors and people, when related to time, and at last why related to motivation.
This framework has become part of what is commonly known as the Industry Models.
Official source
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