Service Oriented Architecture (SOA)
See below for a list of independently written IBS Journal news and feature articles and IBS Intelligence Research vendor profiles, case studies and market analysis related to Service Oriented Architecture (SOA) in order of publication date.
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The concept of a Service Oriented Architecture (SOA) approach to IT has evolved over the last few years although it could be said that much of what it encapsulates was already being practised by some developers. At its heart is the concept of exposing back-end functionality as services, with these called and used by different parts of the business as required. This approach, involving the adoption of more generic services, should bring standardisation and reuse. Typically, an SOA includes a middleware layer – an Enterprise Services Bus (ESB) – which manages the flow of services and data.
An SOA should be IT agnostic and should allow existing applications as well as new ones to be embraced. Legacy systems are often said to have an ‘SOA wrapper’, allowing their functionality to be exposed as services and ensuring that existing investments can be protected, while also potentially easing the way to replacement over time.
It is now almost impossible to find a software supplier which does not have an SOA strategy or to claim an SOA approach for its applications. There is a great deal of hype and stretching of definitions, but the concepts fit well with the enterprise architecture strategies of some banks and there are potentially real business benefits to be had. At the same time, there are the types of issues associated with any such emerging area, including lack of resources, lack of standards (albeit with a couple of banking-specific bodies set up to define services for this sector), and the afore-mentioned hype.
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Article: Case study: Banco Improsa – Great expectations
04 April 2013
Being a small player is not at odds with having great business ambitions, but it can require a major technology overhaul. IBS talks to Banco Improsa in Costa Rica about how and why it decided to achieve this as a pioneer taker of US-based...
Article: Case study: Nykredit – Pioneering spirit
06 March 2013
Denmark-based financial mutual, Nykredit, the country's top lender, proves that being the first taker of a system in the country does not necessarily equate to problems, delays and overspending.
Article: End of Year Review 2012
20 December 2012
As 2012 drew to a close, IBS Journal rounded up the significant developments of the international banking software industry, highlighting major achievements, dubious accomplishments, key mergers and acquisitions, as well as regulatory changes that...
Article: BIAN adds Erste, Bangkok Bank, TCS and Axxiome as members
08 November 2012
The industry initiative, BIAN, has gained a couple of additional banks as members, comprising Bangkok Bank (its first in Asia) and Erste Bank. Also coming on board is TCS Financial Solutions and consulting company, Axxiome. BIAN has also signed a...
Article: Relevant other technology
06 November 2012
This section provides the results (summary tables and data sets) to the following questions posed to respondents:How important are these banking channels and operating platforms to the strategy of the bank? (Internet - Branch networks -...
Article: Oracle officially launches its new core banking offering
18 September 2012
Oracle has officially unveiled its new core banking system. The focus is on tier one banks and there is a live site in the form of NAB start-up, UBank. Another Australian player, Suncorp, is also involved.
Article: Case study: FHB Bank – Prepare to diversify
03 September 2012
When FHB Bank in Hungary decided to move from being a mortgage specialist to a broader bank, it had some tough system decisions. It now has Oracle FSS's Flexcube alongside SAP's lending system at its heart, within an SOA environment.
Article: Bank of Beirut opts for Bankfusion from Misys
19 June 2012
Lebanon-based Bank of Beirut is modernising its technology at home and globally with Misys' Bankfusion Universal Banking, Trade Innovation, and Misys Sophis' Value and Risque solutions.
Article: BIAN official membership figures 'not on track' admits executive director
07 June 2012
New members are waiting in the wings as BIAN forges industry partnerships. It is set to deliver its latest Service Landscape later this month.
Article: Unisys moves Urbis core system to .Net; looks for new wins
10 May 2012
Urbis had disappeared from view in the core banking space but Unisys has now made a .Net version available. Can the system find a first new customer since 2003?
Article: Banks and vendors put system implementations at risk by not linking contracts to business objectives
09 May 2012
All too often during a banking system selection, the contracting and negotiation stages are detached from the overall project, sometimes being delegated to a separate purchasing department. What is often forgotten, however, is that contracts are...
Article: Free Webinar: How To Improve Negotiation and Contracting Techniques with Technology Vendors
23 April 2012
Our free webinar How To Improve Negotiation & Contracting Techniques with Technology Vendors took place on Wed 25th April 2012 (a recording of the webinar is available to view on our
Article: Oracle prepares New Generation Banking system
22 March 2012
Oracle is developing a brand new core banking offering, code-named the 'New Generation Banking' system. J2EE and Fusion-based, what would this mean for users of its existing Flexcube flagship?
Article: Interview: Hakan Aran, Isbank
02 February 2012
Despite a failed core banking system replacement, the largest bank in Turkey is forging ahead on many fronts. Channels are a focus but so too improved efficiency, particularly through SOA and 'wide-area business process management'. IBS spoke to CIO,...
Article: IBM joins BIAN at last
24 January 2012
It has taken a long while but IBM has finally joined BIAN, the industry body defining common services for use in a SOA environment. Whether IBM will now throw any of its own models into the mix remains to be seen.
Article: National Bank of Kuwait takes ACI's MTS, ousts IBM's Merva
27 September 2011
National Bank of Kuwait has selected ACI's Money Transfer System to replace an in-house system and IBM's Merva. The bank is an advocate of a Service Oriented Architecture approach and will incorporate MTS using its I-HUB integration layer.
Article: BIAN gains news members
05 August 2011
Banking standards body, BIAN, has recruited its first North American and Asia Pacific banking members, Scotiabank and Commonwealth Bank of Australia (CBA). Rabobank and ACI Worldwide are also new recruits. More banks are urged to join to prevent...
Article: Banking System Selection Interactive Workshop
22 July 2011
With over two decades of expertise and an international reputation for independence, IBS Intelligence is offering a new in-house training course for financial institutions large and small. Our two-day interactive workshop is designed to ensure a...
Article: Polaris Software signs Reserve Bank of India for Intellect core system; pursues opportunities in Europe and US
01 June 2011
Activity for India-based Polaris Software in the central bank sector is gathering momentum. It has scored a $55 million deal for core software with Reserve Bank of India and is participating in selection processes in Europe and the US.
Article: Misys posts progress on treasury & capital markets (TCM) business
19 April 2011
Misys head of treasury and capital markets (TCM) business talks to IBS about Q3 results, integration with recently acquired Sophis and a roadmap for both companies' systems.
Article: What's in store for Misys treasury & capital markets (TCM) products?
17 November 2010
The new Misys CTO, Robin Crewe, envisages full componentisation of the vendor's treasury and capital markets (TCM) offerings, including risk management products and the two fresh additions from the acquisition of Sophis, Risque and Value.
Article: New report sheds lights on how to achieve successful customer outcomes in financial services
15 September 2010
The essence of being customer-centric in any industry is to look at the customer as central to an organisation's actions. Banks have invested in trying to be customer-centric, but the weak results are far too apparent. In this new 2nd edition of...
Article: Unicredit a rare new bank member for BIAN
19 May 2010
Standards body, BIAN, has gained Unicredit and Capital Banking Solutions as new members but the initiative remains Europe-centric and seems to be moving slowly.
Article: Bank of America Merrill Lynch: Channel hopping
16 November 2009
SaaS comes to BoA ML's payments infrastructure. The payments space used to be one characterised by lots of talk but little action. That has all changed. In the new world order, where transaction banking is king once more, payments has...
Article: Bottomline offers support for Web 2.0 and SOA as part of Global Cash Management platform
10 November 2009
Bottomline is offering support for Web 2.0 and SOA as part of its Global Cash Management platform.
Article: GE Money France takes Viveo for savings & deposits
04 November 2009
GE Money Bank in France has opted for the V.Bank solution from French supplier, Viveo, to support its move into savings and deposits accounts. The shortlist came down to V.Bank and Oracle FSS's Flexcube.
Article: Kazakhstan prime for core systems
16 September 2009
Kazakhstan-based Kazinvestbank (KIB) is now looking into replacing its in-house developed core banking system with an international offering, following its successful implementation of 3i Infotech's Kastle Universal Lending.
Article: Java bank system milestone
28 May 2009
Indra, the Spanish IT services firm, has reached a significant milestone in its project at Caja Madrid, the fourth largest savings bank in Europe, to build a new core system from scratch.
Article: Editor's Note - June 2009
28 May 2009
Is optimising technology and reducing IT-related costs a Catch 22? On the one hand, to optimise the IT and business processes a bank needs to splash out on the relevant technology, but on the other hand, without this spending the set goals are hardly...
Article: BLF eyes cut-over for pioneer T24 project
28 May 2009
Banque Libano-Française is nearing completion of its Temenos T24 implementation, with a go-live scheduled for 20th July. According to the bank's head of information systems, Ghassan Sawaya, 'business requirements are done, all the test cases are ...
Article: Interview: Steve Van Wyk, ING
28 May 2009
ING is weathering the storm better than some but its head of IT and ops, Steve Van Wyk, has plenty on his plate. There are a couple of major undertakings, an overall transformation project including some serious process reengineering, and the need to...
Article: SOA/BPM: Bridging the gap between technology and business
28 May 2009
There has been a lot of buzz around Service Oriented Architecture (SOA) and Business Process Management (BPM) for the last few years. Although a report from Gartner, issued in late 2006, predicted that the convergence of SOA and BPM may not fully...
Article: BIAN readies first deliverables
28 April 2009
The Banking Industry Architecture Network (BIAN) is set to publish its initial deliverables in June, somewhat over a year after it was spun out of an SAP-led initiative.
Article: Polaris overhaul to culminate in new release, R10
31 March 2009
The long-running evolution of Polaris' broad Citibank-derived software offerings is set to culminate in a new release to be announced this month and a cut-over in a first site in June.
Article: Enterprise-wide Risk Management: Pulling in different directions
31 March 2009
Has the financial crisis killed off the enterprise-wide coming together of risk management and finance, or has the wake-up call been sufficient to prompt banks to press on towards such a vision?
Article: ITS unveils Shari'a front-end
02 February 2009
Kuwaiti vendor, International Turnkey Solutions (ITS), has developed a new Islamic banking platform. The product, called Ethix, is already live and has been tested in a live environment with some of the vendor's customers.
Article: Renaissance Credit combines Profile and SOA
29 October 2008
Moscow-based Renaissance Credit has cut-over to Fidelity's Profile core system and is starting to see gains from its Service Oriented Architecture (SOA) strategy.
Article: TCS fleshes out Bancs suite for Web 2.0 and SOA
02 October 2008
The revamp of TCS Financial Solutions' banking systems suite is taking shape. A reworked channel offering is on the way which will embrace Web 2.0.
Article: Wachovia: SOA comes of age
02 October 2008
Wachovia has adopted a radically different approach to its recent systems development, with the results starting to become apparent. IBS took an early look.
Article: SAP gains two high-end deals
30 May 2008
Two banks on either side of the world – Commonwealth Bank of Australia (CBA) and ATB Financial in Canada – have settled on SAP solutions for wide-ranging transformation projects.
Article: Misys has success in Qatar, Oman and UAE
30 May 2008
Misys has had a clutch of breakthroughs of late in the Middle East, with core systems at Masraf Al Rayan in Qatar and Oaman Arab Bank, and with Trade Innovation at Dubai Bank.
Article: BIAN: The Life of BIAN
30 May 2008
SAP's SOA-oriented grouping, the IVN, was turned into an independent body at the end of April. IBS was in attendance at the kick-off meeting in Frankfurt, and spoke to the main instigators.
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