IBM Information FrameWork (IFW) Service Models allow banking professionals and IT managers to visualize various alternatives for new processes and services, select the best options and modify the models before application development takes place. We can help you provide a concrete first step in developing enterprise-wide infrastructure initiatives, such as launching new products, based on a service-oriented architecture (SOA).
The advantage
Intellectual capital offers clear advantages
IBM Information FrameWork, which provides the building blocks for a service-oriented architecture, is in use by over 250 global banks and represents over 200 cumulative years of development incorporating input from the world’s leading financial institutions.
Customers are using IBM IFW Service Models as part of their SOA strategy to integrate legacy applications and gain new functionality through a layer of consistent service definitions that can be deployed on IBM middleware or on other infrastructures.
We offer a broad portfolio of software for SOA, the underlying approach used to simplify enterprise integration, relied upon by over 87,000 customers.
IBM has over 300 SOA-related patents and has been named by leading analysts as “Leaders” in eight SOA-relevant categories. We also invest over US$1B per year in SOA.
IBM IFW Service Models are also being used as component blueprints for the development of new core applications such as policy administration systems and payment solutions.
Leverage our solution, developed from 15 years of IBM experience with financial institutions including over 200 banks, to:
Jumpstart technical development for major integration initiatives by providing up to 80% of the core concepts upfront.
Integrate with other industry models such as IBM Banking Data Warehouse and IBM IFW Process Models, forming a complete portfolio of reengineering tools.
The benefits
Increase infrastructure flexibility
IBM IFW Service Models provide a single, consistent and technology-independent view of the banking business. A set of templates, populated with banking-specific information, helps to convert technology components and data into generic objects that are commonly understood.
The models provide a starting point for both business and technology professionals to understand the requirements and architecture needed to re-engineer and update outmoded systems, typically with a service-oriented architecture. Effectively roll out new products and services.
Integrate product lines and readily adopt new services with component-based modules.
Integrate channels, so customers receive a consistent, accurate view of information—whether they walk into a branch, fax a request or bank online.
Roll out new offerings such as kiosk and wireless services, leveraging existing infrastructure.
Effectively integrate merged and acquired companies with the open and flexible architecture.
The approach
Provide IT and management with a common language
A bank can transform the way it manages major re-engineering projects by using IBM IFW Service Models. Disparate teams—human resources, marketing and information technology groups—can gain a common language and set of tools to visualize and work with.
The models contain twelve packages representing common business concepts and allow teams to visualize and analyze such aspects as:
Channels or the way in which a business communicates with an outside world.
Resources, which may include both physical and non-physical attributes.
Events, which can be transactions, communications and instructions.
Cross-functional teams can then translate business plans and processes into architectural requirements.
The financial advantage
Rapid transformation to increase revenues
IBM IFW Service Models can help your company improve revenue by:
Getting products to market faster and developing new revenue streams.
Integrating merged companies for faster payback on the initial investment.
Improving customer service by rapidly delivering new channels and integrating channels for more consistent service, helping build loyalty.
