Overview

The worldwide financial markets are currently in a phase of upheaval and transformation. Over the past few years, the threat of non-bank competition has increased – forcing financial institutions to re-examine their traditional franchise.

Today, financial institutions must find ways to re-direct profitable deposit-taking business and other activities back to the bank. At the same time, they must strengthen their existing customer relationship by offering new products and a higher degree of personalization service.

Benefit

• Back office is where the core banking application is running and front office is all the customer touch-points takes place.
• Middle office is essential to leverage legacy back end (e.g. mainframe) applications with distribution channel (e.g. client/server) applications and to providing for communication across heterogeneous platforms.
• Middleware is a concept that consists of a set of enabling services that allows multiple processes running on one or more machines to interact across a network.