Danske Bank has developed a set of XML Web services that take advantage of the strengths of multiple platforms. The bank's first Web service, a stock quote service, is expected to generate significant cost savings for the bank by routing customer quote requests to a Web server rather than the mainframe. Built using Microsoft .NET-connected software, Danske Bank's Web services can be reconfigured and repackaged to meet the needs of diverse customers and partners, at little incremental cost and no additional security risk. These services transform the bank's IT department from a cost center to a center for strategic advantage and make it possible to use existing assets to reach new markets.
Did you find this white paper useful?
18 out of 27 users found this white paper useful
Related white papers
"Owning the Customer" in Marketing Arrangements
The new Gramm-Leach-Bliley Act of 1999 ("GLB") "pushed-out" broker-dealer exemptions for banks (the "GLB Broker-Dealer Bank Exemption"). The language of the GLB broker-dealer exemption for third-party brokerage arrangements suggests is...
Financial Services Modernization: The Gramm-Leach-Bliley Act, a White Paper on the Privacy Provisions
The Gramm-Leach-Bliley Act, enacted into law on November 12, 1999, and colloquially referred to as the "Financial Services Reform Act of 1999," tears down barriers between the banking, insurance and...
Some Legal Considerations Affecting Interstate Trust Business
Most states' securities laws restrict or prohibit the provision of investment advisory services within the state by unlicensed investment advisers. While many such laws have exceptions for federally registered investment...
Help Maximize Customer Base and Revenue: Optimize the Efficiency and Cost of Account Opening Processes
Driven by customer expectations and competitive pressures from market leaders, banks are reassessing their delivery and customer management strategies. By eliminating inefficiencies, they are able to reduce costs and attract...
Internet Banking - US Research
Delivery of financial services over the Internet is, at least in theory, a potential killer application. Customers benefit from convenience, access to valuable information such as stock prices, and a...
Case Study - Skandiabanken, Vakifbank, Postova Banka
A practical mobile banking solution extends the total banking experience to users on the go. In order for a financial institution to launch a successful wireless service, they must first...
The State of the Art in Finance
Benchmarking is an important tool that finance organizations use to stay competitive. It allows them to determine the value of adopting best practices and changing business processes. To assess the...
