SAP Enterprise SOA for Banking

SAP for Banking: Making the Move to Enterprise SOA in the Banking Industry

The banking industry is facing major challenges today – global consolidation, cross-border mergers, the break up of the value chain, and new regulatory requirements. One of the prerequisites for successfully managing these challenges is a flexible and agile IT environment.

Blueprint for Greater Adaptability

Using enterprise SOA, a business-driven approach to service-oriented architecture (SOA), you can introduce a new level of flexibility and adaptability into your business systems – step-by-step. Enterprise SOA service-oriented architecture provides services and functionality that can be readily assembled and rearranged to enable new processes and provide innovative business solutions.

SAP delivers enterprise SOA service-oriented architecture through our business process platform for banking – and enterprise SOA-enabled business functionality from SAP and ISV partners – to support core industry processes. Because business functionality is linked and process-enabled within the platform, you get both:

Conventional advantages of standardized, packaged software, including out-of-the-box capability and high performance, scalability, and resilience
The promise of SOA service-oriented architecture : re-combination and reuse of services and business functionality, software upgrade paths, and the flexibility to adapt to business needs
The bottom line: You get all the advantages of standard packages from SAP and ISV partners without the inflexibility or cost typically associated with ongoing change.

Banks Collaborate with SAP on Enterprise SOA Initiative

CIOs and IT architects from major stakeholders in the financial services industry are collaborating with SAP – through our industry value network (IVN) for banks – to shape the future of industry service-oriented architectures that will power the next generation performers. Launched in September 2005, the IVN engaged leading banks throughout the world, including ABN Amro, Absa, Banca Intesa, Barclays, Banco Bilbao Vizcaya Argentaria (BBVA), Credit Suisse, Deutsche Postbank, ING, Nordea, and Standard Bank, with the goal of accelerating the transition from traditional to service-oriented architectures.

Currently, the IVN is evolving into an independent and open association comprising retail, private, and wholesale banks, as well as software and service providers. Members contribute by fostering service-oriented architectures for the industry within an independent industry body – while gaining first-hand knowledge of leading-edge enterprise SOA projects.

Source: www.sap.com