For banks, discussions about the challenges and opportunities arising from technological development are part of everyday life. These topics were first discussed as threats to banks, however IT transformations are now a key factor in the organisational development of financial institutions. Demographic trends, changes in consumer behaviour as well as statutory changes such as regulatory changes and strategic financial decisions at a national and European level are putting pressure on banks. Fintech's innovative solutions also help to re-arrange the banking landscape. IT transformations help financial institutions to effectively counteract changes in the industry and to position themselves for the future.