Session

Computer Science and Communication Engineering

Description

A financial institution is an institution that conducts financial transactions, such as depositing money, taking out loans and/or exchanging currencies. Systems used by them like any other system tend to skew old, but, the replacement and integration of these systems is a difficult due to the heterogeneous nature. Due to this it is imperative to consider alternative infrastructure such as SOA (service-oriented architecture), which is seen as the best technology for internal and external interfaces, resulting cost reductions associated with its deployment; combined with standardized protocols, and increased interoperability among IT infrastructures. Studies shows that this flexible architecture will encourage innovation and increase the banks' ability to react to customer feedback a lot more swiftly.

An approach to building information system for the financial institution, based on the technology of SOA is discussed in the paper. The financial institution for which we have proposed a SOA based architecture is Saving House Mozhnosti, a financial institution that exists in the financial market for 17 years. The Savings House serves micro, small and middle enterprises that belong in the sector of trade, services and production as well as physical persons and offers financial products and services such as crediting and savings. It is recognizable for the support to the people in need to get financial support for their good business ideas, belief in free initiative, individual creativity and personal responsibility. As one successful financial institution, there is no doubt it can highly benefit by SOA approach.

Our goal is to act as a guide in helping this institution tackle the types of issues using a services-based approach, thus improving customer experience. The proposed approach will improve the manageability of the system, increase its speed and reliability and provide security.

Keywords:

Infrastructures., SOA., transactions., technology.

Session Chair

Edmond Jahjaga

Session Co-Chair

Ramiz Hoxha

Proceedings Editor

Edmond Hajrizi

ISBN

978-9951-550-19-2

First Page

19

Last Page

22

Location

Pristina, Kosovo

Start Date

26-10-2019 11:00 AM

End Date

26-10-2019 12:30 PM

DOI

10.33107/ubt-ic.2019.260

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Oct 26th, 11:00 AM Oct 26th, 12:30 PM

Applying SOA Approach to Financial Institution: Case Study

Pristina, Kosovo

A financial institution is an institution that conducts financial transactions, such as depositing money, taking out loans and/or exchanging currencies. Systems used by them like any other system tend to skew old, but, the replacement and integration of these systems is a difficult due to the heterogeneous nature. Due to this it is imperative to consider alternative infrastructure such as SOA (service-oriented architecture), which is seen as the best technology for internal and external interfaces, resulting cost reductions associated with its deployment; combined with standardized protocols, and increased interoperability among IT infrastructures. Studies shows that this flexible architecture will encourage innovation and increase the banks' ability to react to customer feedback a lot more swiftly.

An approach to building information system for the financial institution, based on the technology of SOA is discussed in the paper. The financial institution for which we have proposed a SOA based architecture is Saving House Mozhnosti, a financial institution that exists in the financial market for 17 years. The Savings House serves micro, small and middle enterprises that belong in the sector of trade, services and production as well as physical persons and offers financial products and services such as crediting and savings. It is recognizable for the support to the people in need to get financial support for their good business ideas, belief in free initiative, individual creativity and personal responsibility. As one successful financial institution, there is no doubt it can highly benefit by SOA approach.

Our goal is to act as a guide in helping this institution tackle the types of issues using a services-based approach, thus improving customer experience. The proposed approach will improve the manageability of the system, increase its speed and reliability and provide security.