San Francisco, CA, USA
May 16, 2008

Great Expectations: Can SOA Deliver? Part I: Core-Driven SOA (Non-US)

Report Published by Celent

SOA is both an overused buzzword and a real solution to banking problems. Celent demystifies SOA, explaining what it is and how it helps banks, and how banks can deploy SOA.

In a new report, Great Expectations: Can SOA Deliver? Celent explains the various parts of service-oriented architecture and how they apply to banking. There is a great deal of ambiguity around SOA. It is both a buzzword and a real architecture designed to help banks abstract and expose their core systems. Celent defines SOA to be a set of loosely coupled modular services to support both business and IT requirements. In attempting to clarify what SOA is and how the pieces work together, Celent has created a map of SOA and charted how various non-US core vendors provide solutions to this map. Celent then ranks these vendors on its ABCD analysis.

According to Bart Narter, Celent senior analyst and author of the report, “Core banking vendors are using a service layer to both expose their core system to the expanding number of front end solutions and enable the orchestration of various back end services to create new products and processes for their clients.”

The 92-page report contains 48 figures and 83 tables. 

A table of contents is available online.

Members of Celent's Retail Banking and Wholesale Banking research services can download the report electronically by clicking on the icon to the left.  Non-members should contact info@celent.com for more information.

 

About Celent

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally experienced analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is part of Marsh & McLennan Companies [NYSE: MMC].

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