Standards Are Standing in Way of External SOA
This article originally appeared in Securities Industry News.
By Maria Trombly.
The promise of service-oriented architecture (SOA) is a world where everything interoperates seamlessly, pieces of applications are reused endlessly and development of new systems is quick, cheap and easy. But despite some high-profile deployments and the spread of Web services, when it comes to financial firms doing serious business with each other, SOA is being held back by competing standards and varying implementations.
Wall Street firms use SOA internally to integrate applications, create employee portals that bridge silos, and build Web sites for customers that bring in information and tools from a variety of applications, both in-house and from third-party providers.