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Innovation in Financial Technology

Innovate or perish. That is the only way forward for enterprises. Innovation has become an essential ingredient for modern business and this is particularly true for the Banking, Financial Services and Insurance (BFSI) industry sectors. Banking has led the way in the past through online banking, ATMs, international money transfers and more recently mobile banking facilities. Some important questions faced by IT in...

SOA and Cloud: Mutually exclusive?

Perhaps one of the frequently encountered question for technology architects is: “Now that we have cloud, do we need SOA?” Well, given the vagueness around the terms and the overlaps, this is not unexpected. Through this blog, I wish to propose that SOA and Cloud are in fact complimentary and should not be thought of as mutually exclusive options by technology architects. The simplest way to explain...

Service Oriented Architecture: Relevance for the Insurance Industry

Service Oriented Architecture (SOA), simply put, is an architecture style for developing and integrating software. This style involves creating services out of applications which can be used by other applications regardless of the computing platforms. SOA is not the “big thing” of the future. It, in fact, is increasingly becoming mainstream. In the context of the Insurance industry, SOA delivers significant...

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