Financial Services Sector Demands Investment in BPM, SOA by Brandon Dean

December 31, 2015 Leave a comment

 

clip_image001Recently we’ve talked a lot about the customer experience and why it’s so critical to ensuring the future of a business’ success. A perfect example of this can be found in the financial services sector. Customers are getting used to technologies that allow them to do things a certain way—and simply won’t settle for anything less.

People want to check their balance, deposit checks and transfer funds while sitting on the subway. An old-school online banking system or homegrown loan processing application from 2001 is likely to face a real uphill climb in the mind of today’s consumer. In order to differentiate your products and services in a timely manner, organizations need to be able to quickly launch new solutions that meet customer demands.

Business Process Management (BPM) technology offers incredible promise to companies in the financial services sector. BPM software promises to increase efficiency, visibility and agility. It removes the complexity from managing business processes. Integrated with Service-Oriented Architecture (SOA), disparate applications can be linked across diverse groups of business lines and functions, and IT architecture—improving overall process efficiency. BPM and SOA technology can: Read the complete article here.

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Don’t Let a Good Idea Get Away by Brandon Dean

November 16, 2014 Leave a comment

image Once upon a time, no one really cared how if their house smelled like lavender after they cleaned it.
Thanks to the scientists behind Febreze and an innovative marketing campaign, now our cars and garbage bags smell like lavender too. Innovation changes everything—down to the very way we live. A wealth of it brings companies to the top. A lack of it drags companies to the bottom.
We’ve all experienced those moments when an idea springs to life that could change something for the better. What usually follows that moment though, is the realization that there are very real obstacles that stand in the way of turning that great idea into reality.
Business innovation, whether product- or process-based, starts as an idea. Imagine what could your business do with more support in place for collective creativity? Today’s leading companies recognize that they can’t just take a piece-meal approach to Business Process Management (BPM) and innovation. They need to develop enduring BPM strategies that support ongoing innovation.
Using a high-quality BPM solution is one of the most effective ways to turn those innovative ideas into reality. BPM technology helps businesses stay relevant by quickly and efficiently implementing good ideas when they happen. Read our recent newsletter article, BPM: The North Star of Business Innovation Today, to learn more.
Head over to Oracle’s website to watch a couple short videos. A Queensland University of Technology BPM expert discusses the promise of new technologies in Future Innovation Promising with BPM/Mobile/Social/Cloud. See how Boeing’s Global Services & Support division was able to transform supply chain processes and achieve a 38 percent reduction in proposal and development costs with Oracle BPM Suite 11g.

SOA & BPM Partner Community

For regular information on Oracle SOA Suite become a member in the SOA & BPM Partner Community for registration please visit www.oracle.com/goto/emea/soa (OPN account required) If you need support with your account please contact the Oracle Partner Business Center.

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Mobile BPM is Not An Option. It’s a Necessity by Brandon Dean

July 20, 2014 Leave a comment

Mobile BPM will play an increasingly important role in the relationship between businesses, customers and external partners. Consumers wantmobile apps. As a group they download more than 11,000 iPhone apps, send 168 million emails and make 700,000 Facebook posts—in one minute. Businesses need to make sure apps align with their business processes.
Mobile apps require new architectural patterns and must support differing devices. Let’s take a quick look at some integration and data type technologies, and Oracle products that form a cohesive mobile solution.

TECHNOLOGY DEFINITIONS

  1. SOAP (“Simple Object Access Protocol”) — This is the workhorse of existing SOA infrastructures and can be a single solution to heterogeneous interconnectivity issues.  SOAP defines a standard communication protocol specification for XML-based message exchange.  It can use various transport protocols such as HTTP, SMTP and JMS.  It requires far less plumbing than REST for things like transactions, security, coordination, addressing, and trust.  However, change control can be problematic due to the complexity of SOAP interfaces.   Even though these features add weight to SOAP, it is highly useful when publishing an interface to the outside world because of the formal contract that it utilizes.
  2. XML ("Extensible Markup Language")—This is the request / response format within SOAP interfaces. It’s benefit is that it’s both human-readable and machine-readable.  Even though it’s verbose and harder to change it has a formal structure and can validate content.
  3. REST (“Representational State Transfer”) — simple, lightweight and stateless.  It can return multiple data types and has bandwidth advantages over SOAP

Read the complete article here.

SOA & BPM Partner Community

For regular information on Oracle SOA Suite become a member in the SOA & BPM Partner Community for registration please visit www.oracle.com/goto/emea/soa (OPN account required) If you need support with your account please contact the Oracle Partner Business Center.

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