Survey Suggests SOA is Alive and Well in Banking

Service-oriented architectures, in which software is built in reusable components that work easily with multiple applications, generally over the internet, are widely used in banking, according to a new report from Forrester, “SOA Is Anything But Dead In Financial Services.” Analysts who surveyed 80 IT executives in financial services firms around the world this summer found that 80% of the firms use SOA in a production environment today and nearly 20% are exploring SOA for test purposes or within initial pilots. “Only a dwindling minority do not use SOA and business services at all today or do not know about their SOA status,” the report states.

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