SOA, according to IBMexecutives, is more a business strategy, rather than a specific software andtechnology package, aimed at improving the operational efficiency of key bankingfunctions.
These services can then bereused and shared with other departments. They can also be integrated withcustomers and suppliers in order to create new or modified automated processesover existing infrastructures of front-office and back-office bankingapplications.
"It is critical forour banks to have such capabilities and advantages to combat the day-to-daychanging demands in the global economy," said Subramanyam Venkata-krishnan,IBM Viet Nam software manager.
The overall goal for theseminar was not only to present SOA but also to help local banks remaincompetitive as Viet Nam integrates into the global economy, said BhalajiRaghavan, executive of financial services solutions for IBM South and SoutheastAsia.
"They should be moreinnovative and flexible in today's market where there is an increasing demandfor faster response to customer requirements, compliance and competitivechallenges." said Raghavan.
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