Enterprise data warehouse to anchor bank system

KPMG Peat Marwick is preaching a new sermon to bank clients: Unless they re-architect their back offices, they'll never get the efficiencies or return on technology investments they desire. "Right now there's a reliance on over-stressed, inflexible, isolated computer systems, and it really doesn't work," says Thomas J. Milunec, partner in KPMG's financial services consulting group. "I think a lot of the banks and broker-dealers really need to look at the picture as a whole and not as separate, individual fragments and say it's time to re-architect."

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