The banking industry is accelerating its digital transformation thanks to a new breed of financial technology companies, the market’s expectation for more open banking, and a rapidly evolving and broadening digital payments ecosystem. Banks must offer more comprehensive digital services to respond to these trends and proactively position their organizations for increasing competition. These trends are creating new requirements for banking IT. This paper summarizes key trends influencing digital banking, the impacts on IT, and how banks can use Data Center Interconnect (DCI) technologies to support new retail and commercial digital banking services.