Spending on XML-related technologies and Web services in 2002 by financial services companies should reach $985 million and is expected to grow to $8.3 billion by 2005, according to a study from ZapThink, LLC (Waltham, MA), an XML-focused industry analyst group. Financial services companies are using XML tools and technology for enterprise and B2B integration, financial document publishing, distribution, risk management and straight-through processing.

Read more at: InsuranceTech.com