Serivce Oriented Architecture in Banking

I was recently saw a post on the MSDN forums about SOA and Banking. I thought I would share my response:

That’s a good question. Service oriented solutions are great candidates in the Banking space. There are many reasons for this. Listed below are some of the key reasons (this is not an all inclusive list):

· Banks are growing at an extreme rate via Mergers and Acquisition

· Many of the services that bank offer are be proliferated to the edge as B2B services to other banks and insurance companies

· Banks are looking for solutions that allow them to become more agile, thus many of the Mainframe based applications are being redeployed in a distributed manner either are thick/smart clients or web based clients

· Faster product and service turn around. SOA is key to this

· Lowering operational costs thus increasing the efficiency ratio in which many banks are gauged on

· Last and most important, alignment with the new regulations passed by congress. Rules such as separation of duties and data privacy. This in it’s very nature service oriented.

Your later question related to bandwidth at the branches, there are many models and there will be some guidance on this on the Financial Services Architecture Center shortly. But I can tell you from personal experience there are many options at the branch and it really depends on your organizational goals. I hate to be so vague but I don’t have enough background on your specific problem to give you an intelligent answer. If you would like to submit your specific question I can definitely help.

Listed below are a list of resources that may be helpful:

https://msdn.microsoft.com/architecture/industry/finservs/

Realizing the power of smart clients:

https://www.microsoft.com/net/smartclient_businessvalue.mspx

Financial Services Firm Supports Growth Through Microsoft Infrastructure Optimization

HSBC acquired a large local bank in Mexico with more than 1,400 branch locations and wanted to take control of its decentralized IT environment. Manual deployment of software applications and security updates could take months, and the company lacked tools to monitor its IT resources effectively. To improve system management, HSBC Mexico implemented a centralized solution based on the Windows Server 2003 operating system and the Active Directory service, Systems Management Server 2003, and Operations Manager 2005. Now the company can automatically install updates, get new financial service software to market quickly, and cut IT travel costs. It can also monitor systems in real time and plan for change and business growth. HSBC Mexico estimates that effective management of IT resources will help it support up to 30 percent growth with its existing infrastructure. Full case study and one page PPT slide on the effort is posted at: https://members.microsoft.com/CustomerEvidence/Search/EvidenceDetails.aspx?EvidenceID=14540&LanguageID=1