Service-oriented Architectures – Status Quo and Prospects for the German Banking Industry
Key: SRE+08-3
Author: Stefan Schulte, Nicolas Repp, Julian Eckert, Ralf Steinmetz, Korbinian von Blanckenburg, Ralf Schaarschmidt
Date: July 2008
Kind: @article
Abstract: This paper presents the status quo and prospects of the adaptation of Service-oriented architectures in the German banking industry. Based on data collected from a survey conducted among CIOs, CTOs, IT architects, and enterprise architects from Germany’s 1001 largest banks (rate of return: 5.19%), we have been able to deduce that Service-oriented architectures are already widespread in this industry and that this IT architecture paradigm is suitable to fulfill the requirements of the German banking industry. Overall, the participants viewed Service-oriented architectures favorably, while the commercial banks showed special preference towards service-oriented technologies. Even though most of the participants were IT experts, there is still a huge information gap about features and qualities of service-oriented concepts. The primary goal when introducing a Service-oriented architecture to an organization is the reduction of costs.
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