The banking system flow is a visual representation of the data flow detailing inputs, outputs, and processes of a banking system . It helps to understand the banking system’s data flow relationship, the transmission of data, and its interaction with other systems . The banking industry reference architecture is a useful resource for understanding the banking system flow . It helps address three key industry imperatives: Reshape customer experience, Compete with leaders across industries, and Radically lower cost and operating expense . The architecture uses methods and industry-standard models to drive toward greater IT and business alignment . Financial institutions can follow a consultative method to identify opportunities for improvement and innovation by using the Banking Industry Architecture Network (BIAN), IBM Information Framework (IFW), and IBM Component Business Models (CBM) for Financial Services .