Standardization of information systems development processes and banking industry adaptations

TL;DR

This study evaluates the compliance of Turkish banks' system development processes with international standards, identifying common issues and suggesting areas for improvement in their software engineering practices.

Contribution

It provides an analysis of current bank processes against international standards and highlights common deficiencies in their development practices.

Findings

Identification of process compliance issues in Turkish banks

Common problems in software development processes

Recommendations for aligning with international standards

Abstract

This paper examines the current system development processes of three major Turkish banks in terms of compliance to internationally accepted system development and software engineering standards to determine the common process problems of banks. After an in-depth investigation into system development and software engineering standards, related process-based standards were selected. Questions were then prepared covering the whole system development process by applying the classical Waterfall life cycle model. Each question is made up of guidance and suggestions from the international system development standards. To collect data, people from the information technology departments of three major banks in Turkey were interviewed. Results have been aggregated by examining the current process status of the three banks together. Problematic issues were identified using the international system development standards.