Why are integrated information management systems important in human service organizations?

Bank Architecture: How Core Banking Solution can be integrated with Card Management Platform, Payment Services Hub and other systems?

• It seems banks are now in Buy & Build mode - they are purchasing Products(for CBS, PSH, CMP etc.) and then customizing it. My understanding is all these are based on SOA and ESB philosophy and there are some service overlaps. What are the best strategies to integrate these products and extend value added services(EBPP, Relationship based pricing & billing, Financial Supply Chain, Liquidity management solution etc.). Appreciate if you can provide diagrams and case studies etc.

• Answer:

  It all depends on the modularity of the application components you try to integrate. Some core banking systems are highly integrated some others have been designed in a more modular way, for instance decoupling the position keeping function from the master data management function (customer, tariffs, etc.). Cards and payments systems can be positioned as “Production” system that can provide cards or payments services to more than one legal entity (may be in a white labeling setting). If they are truly modular, they can define required services such as “find client condition”. The service implementation can be the responsibility (for instance) of the core banking system. The integration will only imply two steps: implementing the service and binding the requested service with the provided service. However, because many of the core banking, cards and payments systems are old legacy systems which have not been designed using the component-based software engineering paradigm, integration will require specific solutions.