Product Description

The Bank Value Streams comprise all the major value streams typical in a Bank. The Bank Value Streams are an essential and integral part of business architecture, and instead of starting from scratch, our pre-built deliverable jumpstarts the process, accelerating time to value.

(As the Banking Value Streams is a digital deliverable, we do not accept returns or issue refunds. Please read the product description carefully before purchasing.)

Bank Value Streams Deliverable:

• A set of 30 value streams detailed the core/primary and secondary activities of the value chain
• The value streams are decomposed into one level of high-level detail
• Bonus: Value Streams Guide

Enterprise and Business Architects can use the bank value streams as a springboard and customize them to the needs of their enterprise.

(Note: While we reference business capabilities, journey maps, and process maps, please realize that this product pertains to only the value streams. We offer other products which span business capabilities. Furthermore, the value streams are in simple PowerPoint format and are editable.)

Bank Value Streams:

Value Streams, within the context of business architecture, are sequences of activities an organization performs to deliver a valuable product or service to its customers. Derived from lean thinking, this concept facilitates the visualization and optimization of the flow of information, materials, and services from the initial request to delivery. Value Streams provide a comprehensive view of the business, highlighting how value is created across the organization while seeking to reduce waste.

Business Capabilities and Value Streams comprise the Yin and Yang of business architecture. Business Capabilities represent what a business does – the inherent skills it must possess to fulfill its mission. These capabilities are stable, strategic constructs that outline the organization’s potential. In contrast, Value Streams demonstrate how an organization applies its capabilities to deliver value to its customers. Together, they offer a holistic understanding of the business, balancing the static (capabilities) with the dynamic (value streams) and linking strategic intent with operational execution.

Value Streams are essential in banking due to financial transactions’ complex, high-speed, and high-stakes nature. They enable banks to understand and visualize the flow of value from account opening to deposit, lending, and customer service. This comprehensive view helps identify inefficiencies, redundancies, and delays, enhancing transaction speed, reducing operational risk, and improving customer satisfaction.

Banks can leverage Value Streams in multiple ways. They can use them to design and optimize core processes such as account opening, deposit processing, lending, and customer service. For example, by mapping the ‘Lending’ value stream, banks can identify steps that add minimal or no value – such as redundant credit checks – and aim to automate or eliminate them. Additionally, Value Streams can provide strategic insights for decision-making, like understanding the impact of new regulations or technologies on existing value streams and creating new value streams for innovative banking services.

Finally, Value Streams are the foundation for creating detailed process maps and customer journey maps. Beginning with a high-level value stream, business architects can drill down into more granular process maps detailing the specific steps, roles, systems, and data involved in each activity within the value stream. Simultaneously, customer journey maps can be developed by overlaying the customer’s interactions and experiences onto the value stream. This approach ensures that process and customer journey maps align with the overarching flow of value, providing a consistent and integrated view of the business.

Our consultants and business architects with years of experience in business architecture, process consulting, and transformation strategy created the business architecture value streams. Use it as a starting point to customize them to your enterprise needs.

How to Use Value Streams Deliverables:

• We strive to provide a generic and representative straw model Value Streams typical to an industry. However, as each firm differs, the specific steps in a value stream may differ – sometimes marginally and sometimes substantially. Business architects and process experts must use the deliverable as a springboard and customize it to each company’s unique needs.
• After tailoring the value streams to reflect the internal reality of your business flows, business architects can leverage the value streams to cross-map with business capabilities, detailed process maps, customer journey maps, and other artifacts to glean insight and understand the footprint and relationships between these entities.
• The value streams can be a basis for detailing the processes with additional information (actors, actions, data, systems, etc.) and crafting customer journey maps.

Stipulations:

• We sell digital products, so Finantrix will not accept returns, refunds, or replacements. Therefore, please review the product description carefully before making a purchasing decision.
• Depending on the various factors specific to your firm, the content and coverage may or may not apply to your situation.
• Consultants, who may wish to use the templates and deliverables for several clients, have different terms and prices.
• Sold on an as-is basis and no warranties
• This sale does not include implementation help or support. If you need professional services assistance, please get in touch with us.
• Please review our standard terms of service.