Soa Application In Bank Transfer System

In the times of the economy globalization, individuals and enterprises do the fund transfer and payment transactions frequently. Besides, with the fast development of the consumer banks, the need I’or the fund transfer and settlement between bank and bank is increasing. As one of the core banking business service, the fund transfer and payment service is consistently developing to meet the changing need of the customer and the market.But the existing fund transfer system architecture is not flexible and reusable enough to have the quick response and action to the various transfer types, frequently changed business processing flow and more new front end channels. This cause the more time and effort spent on the development lifecycle which make the banking can’t release the new transfer service to the market earlier than the Competitors and also have higher cost used in the technology development.This article is aim to analyze and design how to apply the SOA (Service Oriented Architecture)conception to the existing fund transfer’s system to make it more flexible to support the frequently changing business. Based on the analysis of the transfer’s business processing flow, transfer types and transfer setup front end channels, the fund transfer system’s architecture is optimized by using the standard and common web service in the online communication mode between the different front end system and the backend mainframe system, designing the detail service name and layout based on the SOA’s principle of loose coupling, reusability, discoverability and then support the different transfer type and process flow by composing the different services.