General requirements of banks on IT architectures and the service-oriented architecture Paradigm

Journal
Lecture notes in business information processing  
Volume
4 LNBIP
Start Page
66
End Page
80
Citation
3rd International Workshop on Enterprise Applications and Services in the Finance Industry (FinanceCom 2007)
Contribution to Conference
3rd International Workshop on Enterprise Applications and Services in the Finance Industry, FinanceCom 2007  
Publisher DOI
10.1007/978-3-540-78550-7_5
Scopus ID
2-s2.0-70350070607
The Service-oriented architecture (SOA) paradigm has been gaining momentum over the last few years. Although the banking industry has often been mentioned as an early adaptor of service-oriented technologies, there is still a lack of knowledge concerning bank requirements on IT architectures and whether an SOA is suited to meet them. In this paper, we present the results from an empirical study which quantifies the qualification of service-oriented technologies for the German banking industry. By using data collected from the German banking industry, it turns out that SOA is apparently suited to meet predefined needs of this industry. However, there are differences in the expectations among various groups of banks. In addition, this paper presents the status quo of SOA adaptations in German banks. © 2008 Springer Berlin Heidelberg.
Subjects
Banking Industry
IT value creation
Requirements on IT Architectures
Service-oriented Architecture