The Research And Application Of Financial Business Framework On SOA

The purpose of this paper is to build the SOA Oriented Financial Business Framework according to the IT requirement of the financial firms, and apply it to a bank.There are some problems in the current IT architecture when the banking is facing more and more challenge. The problems include many legacy system which can not easy to integrate to the new applcation, business process changed frequently, bad integrated ability, poor flexibility.To stisfay the business demand of the financial firms, the IT architecture of the bank needs to be agile and dynamic enough to adapt ever-changing customer demands and market needs. On the other hand, the IT architecture must adopt international technology standards in order to protect current and future IT investment at an affordable cost. So this paper initiate the research of the IT architechture based financial business framework. There is deep research on Services-Oriented Architecture (SOA), modeling theory, enterprise modeling theory etc. and the paper list the excellence and disadvantage of the different technique listed above. At last, the paper merge the three technique and build the financial business framework.At last the paper apply the financial business framework for a bank to build the wealth management business. This paper concludes that the Financial Business Framework addresses many of the IT challenges faced by the bank, and is an approach adopted by financial institutions that have encountered similar challenges.