Skip to main content

General Requirements of Banks on IT Architectures and the Service-Oriented Architecture Paradigm

  • Conference paper
Enterprise Applications and Services in the Finance Industry (FinanceCom 2007)

Abstract

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.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 39.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 54.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Rabhi, F.A., Benatallah, B.: An Integrated Service Architecture for Managing Capital Market Systems. IEEE Network 16, 15–19 (2002)

    Article  Google Scholar 

  2. Rabhi, F.A., Yu, H., Dabous, F.T., Wu, S.Y.: A service-oriented architecture for financial business processes. Information Systems and E-Business Management 5, 185–200 (2007)

    Article  Google Scholar 

  3. Brandner, M., Craes, M., Oellermann, F., Zimmermann, O.: Web services-oriented architecture in production in the finance industry. Informatik Spektrum 27, 136–145 (2004)

    Article  Google Scholar 

  4. Zimmermann, O., Milinski, S., Craes, M., Oellermann, F.: Second Generation Web Services-Oriented Architecture in Production in the Finance Industry. In: Companion to the 19th Annual ACM SIGPLAN Conference on Object-Oriented Programming Systems, Languages, and Applications (OOPSLA 2004), pp. 283–289. ACM Press, New York (2004)

    Chapter  Google Scholar 

  5. Berbner, R., Grollius, T., Repp, N., Heckmann, O., Ortner, E., Steinmetz, R.: An approach for Management of Service-oriented Architecture (SoA)-based Application Systems. In: Proceedings of the Workshop Enterprise Modelling and Information Systems Architectures (EMISA 2005), Klagenfurt, Austria, pp. 208–221 (2005)

    Google Scholar 

  6. Repp, N., Schulte, S., Eckert, J., Berbner, R., Steinmetz, R.: An Approach to the Analysis and Evaluation of an Enterprise Service Ecosystem. In: Proceedings of the 1st International Workshop on Architectures, Concepts and Technologies for Service Oriented Computing (ACT4SOC 2007), Barcelona, Spain, pp. 42–51 (2007)

    Google Scholar 

  7. Schulte, R.W., Natis, Y.V.: “Service-Oriented Architectures”, Part 1, SPA-401-068. Gartner Group (1996)

    Google Scholar 

  8. Channabasavaiah, K., Holley, K., Tuggle Jr., E.: Migrating to a service-oriented architecture, Part 1. IBM DeveloperWorks (2003), http://www-128.ibm.com/developerworks/library/ws-migratesoa/ (accessed at 2007-08-19)

  9. Krafzig, D., Banke, K., Slama, D.: Enterprise SOA: Service-Oriented Architecture Best Practices (The Coad Series). Prentice Hall PTR, Upper Saddle River (2004)

    Google Scholar 

  10. Cherbakov, L., Galambos, G., Harishankar, R., Kalyana, S., Rackham, G.: Impact of service orientation at the business level. IBM Systems Journal 44, 653–667 (2005)

    Article  Google Scholar 

  11. Woods, D., Mattern, T.: Enterprise SOA: Designing IT for Business Innovation. O’Reilly Media, Inc., USA (2006)

    Google Scholar 

  12. Mitra, N., Lafon, Y.: SOAP Version 1.2 Part 0: Primer (2nd edn.). W3C Recommendation (2007), http://www.w3.org/TR/2007/REC-soap12-part0-20070427/ (accessed at 2007-08-18)

  13. Booth, D., Liu, C. K.: Web Services Description Language (WSDL) Version 2.0 Part 0: Primer. W3C Recommendation (2007), http://www.w3.org/TR/2007/REC-wsdl20-primer-20070626 (accessed at 2007-08-18)

  14. Clement, L., Hately, A., von Riegen, C., Rogers, T. (eds.): UDDI Version 3.0.2 – UDDI Spec Technical Committee Draft. OASIS Standard (2004), http://uddi.org/pubs/uddi-v3.0.2-20041019.htm (accessed at 2007-08-16)

  15. Papazoglou, M.P., Georgakopoulos, D.: Service-Oriented Computing. Communications of the ACM 46, 25–28 (2003)

    Article  Google Scholar 

  16. van Hillegersberg, J., van Oosterhout, M., Valkenier, R., Waarts, E.: Business Agility Requirements in Financial Services: Implications for IT Architectures. In: Second International Workshop on Enterprise, Applications and Services in the Finance Industry (FinanceCom 2005), Regensburg, Germany (2005)

    Google Scholar 

  17. Baskerville, R., Cavallari, M., Hjort-Madsen, K., Pries-Heje, J., Sorrentino, M., Virili, F.: Extensible Architectures: The Strategic Value of Service-Oriented Architecture in Banking. In: Proceedings of the Thirteenth European Conference on Information Systems (ECIS 2005), Regensburg, Germany, pp. 761–772 (2005)

    Google Scholar 

  18. Homann, U., Rill, M., Wimmer, A.: Flexible Value Structures In Banking. Communications of the ACM 47, 34–36 (2004)

    Article  Google Scholar 

  19. Heutschi, R., Schemm, J. W.: Fallstudie: Serviceorientierte Architektur bei der Credit Suisse. St. Gallen: Institut für Wirtschaftsinformatik, Universität St. Gallen (2005), http://www.alexandria.unisg.ch/publications/29504 (accessed at 2007-08-13)

  20. Ploom, T., Kurmann, A., Hagen, C.: Kombination der MDA und SOA als Mittel zur IT-Komplexitätsreduktion bei Credit Suisse. In: MDD, SOA und IT-Management (MSI 2007), Workshop, Oldenburg, Germany (2007)

    Google Scholar 

  21. Koch, M., Rill, M.: Serviceorientierte Architekturen bei Finanzdienstleistern. ibi research an der Universität Regensburg GmbH, Regensburg, Germany (2005)

    Google Scholar 

  22. Spath, D. (ed.), Engstler, M., Praeg, C.-P., Vocke, C.: Trendstudie Bank & Zukunft 2006 – Wettbewerbsfähigkeit durch Innovationen im Vertrieb und industrialisierte Prozesse. Stuttgart, Germany, Fraunhofer IRB (2006)

    Google Scholar 

  23. Gartner Group: User Survey Analysis: SOA, Web Services and Web 2.0 User Adoption Trends and Recommendations for Software Vendors, North America and Europe, 2005-2006 (2007)

    Google Scholar 

  24. InfoWorld Market Research: An Overview of the SOA Market, March 2005. Conducted by IDG Research Service (2005)

    Google Scholar 

  25. Schulte, S., Repp, N., Berbner, R., Steinmetz, R., Schaarschmidt, R.: Service-oriented Architecture Paradigm: Major Trend or Hype for the German Banking Industry? In: 13th Americas Conference on Information Systems (AMCIS 2007), Keystone, Colorado, USA (2007)

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Editor information

Daniel J. Veit Dennis Kundisch Tim Weitzel Christof Weinhardt Fethi A. Rabhi Federico Rajola

Rights and permissions

Reprints and permissions

Copyright information

© 2008 Springer-Verlag Berlin Heidelberg

About this paper

Cite this paper

Schulte, S. et al. (2008). General Requirements of Banks on IT Architectures and the Service-Oriented Architecture Paradigm. In: Veit, D.J., Kundisch, D., Weitzel, T., Weinhardt, C., Rabhi, F.A., Rajola, F. (eds) Enterprise Applications and Services in the Finance Industry. FinanceCom 2007. Lecture Notes in Business Information Processing, vol 4. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-78550-7_5

Download citation

  • DOI: https://doi.org/10.1007/978-3-540-78550-7_5

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-78549-1

  • Online ISBN: 978-3-540-78550-7

  • eBook Packages: Computer ScienceComputer Science (R0)

Publish with us

Policies and ethics