XML in Financial Services

The Financial Services Sector covers a wide range of businesses and industries revolving around the management and exchange of financial instruments. There are a number of factors that contribute to financial service’s role as a leading implementer of XML technologies. The potential opportunities and pitfalls, and current ways in which XML is being used by this industry sector are explored in detail in this report.

The future of Web services

At the moment, most Web services projects are skunkworks operations, says Jason Bloomberg, senior analyst with ZapThink LLC, a consulting firm in Waltham, Mass. “A lot of Web services use is on the grass-roots level, where developers are learning the technology,” he says. “This doesn’t have much effect in the data center, at least not yet.” Most companies are still in “dabbling” mode, he says.

Forrester’s Schadler believes that “Web services are a kind of magical technology” to help standardize the systems management function for a wide range of corporate resources — server farms, database, storage and the like.

To prepare for these changes, data center folks would be well-served to take a few steps. First, work with your existing system management vendors to understand what they have planned for Web services extensions to existing products. For instance, “IBM is reworking Tivoli to be more Web services-oriented,” says ZapThink’s Bloomberg. “But it’s not like IBM is going to do it all by itself; they’re working with AmberPoint.”

Read more at: TechTarget

Service-Oriented Integration

Connecting systems both within the enterprise and with suppliers, partners, and customers is of critical importance to today’s enterprise. However, integration remains complex, expensive, and risky. While Web Services won’t be the magic bullet that immediately solves these problems, they enable a new approach to integration. Service-Oriented Integration (SOI) leverages open standards, loose coupling, and dynamic description and discovery capabilities of Web Services to reduce the complexity, cost, and risk of integration. This report identifies the key aspects of SOI, solutions for implementing SOI, ROI metrics, and critical challenges.

XML in Financial Services

The Financial Services Sector covers a wide range of businesses and industries revolving around the management and exchange of financial instruments. There are a number of factors that contribute to financial service’s role as a leading implementer of XML technologies. The potential opportunities and pitfalls, and current ways in which XML is being used by this industry sector are explored in detail in this report.

ZapNote: SEAGULL Software

The vast majority of legacy applications are isolated from the Internet, and none of these legacy systems were designed for the Web’s user experience. As a result, a variety of technologies have been developed to extend these systems. SEAGULL’s Transidiom product provides a unique, non-invasive solution that leaves legacy applications unaltered while complimenting existing investments in EAI, middleware, and Web application platforms. The system can create a composite application, capture and publish legacy business processes as Web Services.