Whitepapers

Using our depth of experience in the Financial Services industry, we have developed a solution to streamline retail banking, known as Integrated Banking of the Future™ (IBF). Essentially IBF delivers a service-based process-centric solution for the most critical retail banking processes and is designed to work with the banks’ existing front-end and back-office applications. IBF-Ready™ is a cost-effective option that leverages the powerful concepts of SaaS and Cloud Computing, to bring simplicity, ease of access, lower cost and flexibility to the Bank. This SaaS version of Princeton Blue IBF features minimal dependence on a bank's IT systems, and eliminates software and hardware licensing and maintenance costs. It can enable rapid ROI through much faster time-to-market and pay-as-you-scale models that can be customized for a bank's unique BPM and growth strategy.

A business process is a set of activities, tasks and events performed by systems and people to achieve a business goal. Commissioning a process involves several steps ranging from the ideation of the process through the building, and continuous improvement of the process - this is typically referred to as the life-cycle of a process. Business Process Management refers to the concept of managing a business process through its life-cycle.

Business Value - what is the value proposition in introducing new technology concepts to any business owner? Why does a business executive, sponsor, or an organization head consider changing technologies, software architectures or frameworks? The main purpose, in most cases for an Information Technology department’s existence, is to support the business in the automation of business activities.

Service Oriented Architecture is on the verge of becoming as mainstream as any new framework can be.  There is no ‘secret recipe’ or ‘time to bake’ period; it now has been a proven architecture that is being accepted by large and small companies across the globe. There are however pitfalls to avoid and some basic questions and steps to follow to ensure a successful SOA implementation.

This white paper attempts to describe the reason for the growing popularity of SOA and other key business-driven integration technologies, and what business impetus it would take to bridge the gap between where SOA stands and where it could.