Software Architecture in Banking - 8917 Words

CSSE 377 – Software Architecture Design II Software Architecture in Banking A Comparative Paper on the Effectiveness of Different Software Architectures Within an Financial Banking System JD Hill Andrew Robby Kruth Joe Salisbury Sam Varga 11/9/2010 Introduction Software architecture design is an important aspect of our daily lives whether we know it or not. There are so many different systems that we interact with on a daily basis that we do not recognize are closely tied to software architecture decisions. These systems handle things from stoplights, electricity, televisions, communications, and many other things. Another example of a software system involved with our life is a system that powers banks and financial networks†¦show more content†¦With security being a big issue, we will want to make sure that the architecture document shows the necessary aspects that make the system secure. This could be encryption algorithms or specially designed components that make security breaches less likely. For the modifiability of the system, we will want to have a component catalog that goes through each aspect of the system and outlines what its functionality is. Within this document, we will also want to see the types of feature that co uld possibly be added to the system and where they would recommend additional components be built on. Figure 2: A Flow Chart of how criteria turns into architectural decisions and documentation Database-Driven Architecture One of the most prominent software architecture design strategies is a repositorybased system. There are two different parts of repository based that we will look at: Blackboard architecture and Database-driven. Both of these styles have some common aspects, but also differ somewhat. The main component of each system is based on a central data structure. This data structure can interact with other aspects of the system. Also, the composition of these systems allows there to be independent computational elements. This can allow several different processes to run at a timeShow MoreRelatedWorld s First Oracle Platinum Partner1320 Words   |  6 Pagessolutions that enable banks to further leverage their existing banking IT investment. Our Solution Centre helps increase operational efficiency, reduce costs and optimize asset utilization. With delivery and development centers in India, sizable global presence and customers spread across 5 continents, JMR is a leader in banking, financial services and insurance software and software-related services. Their leadership in the Banking, Financial Services and Insurance in IT market is backed by betterRead MoreImplementing Enterprise Architecture For A Private Bank917 Words   |  4 PagesProject Environment: This paper presents a project on implementing Enterprise Architecture for a Private bank to introduce a Mobile Application. 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Software as a service or the SaaS : Cloud platforms that allow the clients to access several software modules and databases that are installed on the platform itself, are considered to use the SaaS model (He, Fan and Li 2013). c. Platform as a service or the PaaS: Such services allow the clients to utilize developmental environments to design software applications. 3. Case study: Commonwealth Bank of Australia 3.1 BackgroundRead MoreInformation System Used in Financial Institutions2863 Words   |  12 Pages2010 Information Systems for Managers Financial Accounting Information Systems Banking Financial Services This report gives an insight into the Finance Accounting Information Systems used in the sector of Banking Financial Services. With respect to the same, the report also gives an idea into the systems in general, as also with respect to the State Bank of India. Finally, it ends with giving the conclusion regarding the use of these information systems. Ishan Parekh MBA (tech.) -Read MoreHow World Has Changed Past 40 Years Essay example983 Words   |  4 Pagesinternet allows people to save time. For example, people do not have to go department store or mall to buy something; they can buy that from online shops. They do not have to go banks to make some payments or exchanges; they can do that by their online banking service. As a result, people can spend their golden times with their family and friends. The one of the biggest impact of the internet is social media and it changes people’s social life. In the last few years, people using the Facebook or MySpaceRead MoreComponents Requirements For A Bank Operator1188 Words   |  5 Pagesrequirements engineering and software architecture module. The template deviates from IEEE standard 830 - 1998. 1.1 Purpose This software requirement specification (SRS) document is written as part of coursework exercise and is intended for the coursework module leader at De Montfort University. Other interested parties for this document can be software developers of the ATM system. 1.2 Scope ATM is a safety-critical and real-time system and is part of a large banking network. The ATM is supposedRead MoreThe Banking Industry And Cloud Computing Essay1701 Words   |  7 PagesThe Banking Industry and Cloud Computing Banks are facing increased pressure to streamline their current processes and trim operating costs, while also responding to more demanding, digitally connected customers (Adams, 2012). Many banks are even looking at new technologies and IT delivery models such as cloud computing to help address these issues. Banks have many reasons to like the cloud, such as cost efficiency, standardization and consistency (Dragon, 2013). Banks are embracing the cloud more