Physical Sciences and Mathematics Commons^™

Applying Soa Approach To Financial Institution: Case Study, Agon Memeti, Florinda Imeri

UBT International Conference

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 …