Creating Unique Financial Solutions from Existing Banking Applications
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Overview: The high-tech industry has attempted to address the banking industry’s need to speed product development. Accomplishing this means getting solutions to market faster, simpler and cheaper, not to mention in a more usable state. Differences between schools of thought can be subtle, and identities sometimes blur making comparative analysis confusing.
An alternative to programming fads and trends builds on the principles of service-oriented architecture (SOA). This paper will present the option of the Application-Centered Building Block approach. This approach advocates use of fully realized applications as components that can be placed together to form unique composite applications. These functionally capable systems are easily integrated and are quite scalable in anticipation of organizational growth. Among their benefits are process improvements, efficiency gains and a friendlier overall experience for bank employees and customers.
A working example of this development method is discussed in the case study at the end of this paper.