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Journal of Applied Economic Sciences Volume (4 Volume Issue2 (4) Summer 2008 LEVERAGING SOA IN BANKING SYSTEMS INTEGRATION Alan M. Road Information Systems Department, Missouri University, Egypt Amriad2000
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Leveraging SOA (Service-Oriented Architecture) in banking refers to the utilization of a modular and flexible approach to technology infrastructure that enables banks to integrate their systems, applications, and processes through standardized and reusable services.
Banks and financial institutions are required to adopt and implement leveraging SOA in banking to enhance their operational efficiency and improve customer experience.
Filling out leveraging SOA in banking involves implementing and integrating various systems, applications, and processes using a service-oriented architecture framework. This may require banks to analyze their existing infrastructure, identify the services that need to be built or modified, and establish the necessary connections to enable seamless communication and data exchange.
The purpose of leveraging SOA in banking is to enable banks to achieve greater agility, scalability, and interoperability by breaking down silos and creating a more integrated and flexible technology infrastructure. This approach allows banks to deliver new services, streamline operations, and adapt to changing business requirements more effectively.
The specific information that needs to be reported on leveraging SOA in banking may vary depending on the regulatory requirements and internal policies of each bank. Generally, the reported information may include details about the services implemented, their purpose, the systems integrated, and the overall benefits and outcomes achieved.
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