Financial Services Component Library

Changing the Face of Banking Application Development Mike Walker Financial Services Architecture Strategist Microsoft Corporation

Agenda
Banking Today
Trends and Strategies
Office Business Applications and S+S
NEW Banking Reference Architectures
Conclusion

Business is Changing
Business is much more collaborative
Innovation happens with people
Breaking the Silo mold
“ Today, more than 85% of a the typical S&P 500 company’s market value is the result of intangible assets. For many companies, the bulk of these intangible assets is the result of it’s people, it’s human capital… It’s no longer what you own that counts but what you know …” Craig Symons, Forrester Research Matrix Style

Technology is Changing Legacy Legacy Web 1.0 Web 2.0

Channels and Front Office Core Banking Back Office and B2B Call Center ATM Branch Kiosk Internet Treasury Mgmt Commercial Loan Image Archives Check Clearing Payment Networks Correspondent Banking Investors Brokers EFT E-Lending Consumer Mortgage Mobile Payments CRM Check Clearing Deposit Systems Risk Mgmt Lockbox Servicing Corp. Check Capture IVR

What Does this Mean?
The Enterprise is NOT connected
People are disconnected from process
Agility Severely Hindered
Costs of Products and Services go up
Can not adjust to the market trends
US Market Forecast - JupiterResearch 2005 Natural Disasters Millions in Loses Customer Confidence has been Impacted FSI Consolidation has Fragmented Systems Mortgage Fraud has more than doubled f rom 436 (‘02) to 1,036 (‘07) FBI Financial Crimes and MBA Fraudulent Loans cost Lenders 1 Billion a year FBI Financial Crimes

Where are we going?
Cloud Platform
CRM and SharePoint
Improved LOB integration
Extending the Client Pipe

Services Software

Enhancing the Platform

Development Platform & Tooling Data Integration, Storage & Analysis User Portal & Web Parts Data Visualization and ISV Partner Mapping Service Internet Weather Service

The 2007 Microsoft Office System The OBA platform LOB Systems Office Business Applications The Microsoft Office System Surround Platform Tools Visual Studio SharePoint Designer, Admin Too ls … Microsoft Dynamics SAP Siebel Custom LOB Systems Microsoft Dynamics SAP Duet ISV OBAs Custom OBAs Office SharePoint Server 2007 2007 Office system clients Exchange Server 2007 Office Communications Server 2007
Collaboration and Portals
Search
Workflow
Business Process Management
BI with Excel Services
Electronic Forms
Website and Security Framework
Open XML File Formats & Extensible Fluent Interface Office Performance Point Server 2007

Financial Services Component Library http://msdn.microsoft.com/FinServArch

What are OBA Components Application Services Layer Productivity Layer Presentation Layer ERP/LOB Systems BDC Application Definitions & Web Services Business Intelligence (BI Models, Office Data Connections, BI Data Views/Reports, Business Formulas) BPM (WF Activities, WF Workflows, BizTalk Orchestrations) Unstructured Content Type Definitions & IM Policies VSTO Add-ins (App level, Document Templates, Outlook) SharePoint Web Parts Doc Lib/List Templates (field types and site columns) SharePoint Site/Page Templates InfoPath Form Templates Business Alerts and Notifications Search (Content Sources, Search Scopes, Managed Properties) Content Targeting (SP User Groups, Profiles, Audiences) ERP/LOB System Integration Services Microsoft Dynamics ERP SAP Siebel Custom LOB

Financial Services Scenarios
Banking
Consumer Mortgage Lending
Broker Commissions
Online Banking
Insurance
Insurance Claims Processing
Insurance Rating and Quoting
Life and Annuity
Capital Markets
Structured Derivatives Management (Coming Soon)
Risk Management (Coming Soon)
90 Standards Based OBA Components www.fixprotocol.org www.ifx.org www.acord.org www.mismo.org www.lixi.org.au www.rets.org OFX www.OFX.org

Online Banking & Reports Mike Walker Architecture Strategist Architecture Strategy Group http://www.codeplex.com/OLB

Home Page Accounts Acct Type Avail. Bal Balance C123456 Checking $12,000 $13,500 S587964 Savings $50,000 $50,000 Promotions Products and Services New Checking New Savings Mortgages Home equity Investment Services Insurance

Transaction History Checking Account - C123456 Export Balance: $12, 500 Date Num Payee Amount 1/9/2008 Sample Retailer $50.00 1/9/2008 Sample Retailer $69.99 1/8/2008 Sample Retailer $9.99 1/8/2008 Sample Retailer $50.00 1/7/2008 Sample Retailer $99.99 1/7/2008 Sample Retailer $5.99 1/7/2008 103 Sample Retailer $9.99 1/7/2008 105 Sample Retailer $50.00 1/7/2008 Sample Retailer $9.99 1/6/2008 Sample Retailer $5.99 1/6/2008 104 Sample Retailer $50.00

Exporting a Report Report Templates for Checking Account - C123456 Type Report Name Where is my money going Incoming vs. Outgoing …

What is included
BDC Entities
Customer Account Inquiry (IFX)
Customer Account Inquiry (OFX)
Account Summary (IFX)
Site Template
Online Banking Home Page with Statement summary
Word Documents - WordML (OFX Custom XML)
Incoming vs. Outgoing

OLB Summary
Reference application for how to build extensible OLB web parts
SharePoint as a platform to surface industry standard IFX messages
How to leverage existing web services in a new way
Find new ways of exposing data in a rich and meaningful way

Broker Commissions Mike Walker Architecture Strategist Architecture Strategy Group http://www.codeplex.com/BrokerCommissions

Home Page My Commissions Generate Commissions

What is included
BDC Entities
Underwriter Pipeline
Site Template
Broker Site Template
Windows Workflow Foundation (WF) Components
Drive Document Generation for Brokers
Excel Document (OpenXML)
Broker Commissions Worksheet
BizTalk
LIXI Accelerator (TBD)

Separation from Presentation LIXI XML Excel File – Presentation The Excel file provides a presentation layer to the XML data sets. The presentation aspects are represented in ExcelML the new OpenXML standard for spreadsheets. LIXI XML – Data The LIXI XML data is embedded into the Excel Spreadsheet (from an Excel perspective this is viewed as CustomXML) and exposed through the ExcelML. Third party applications can access the data within the Excel file just like any other XML file but through the OpenXML specification.

New Development Opportunities Lender Portal Third Party Application Subscribe to Feed Pulls new Excel File Commissions RSS Message Bus LIXI XML Parser Broker Database Broker Workflow Components LIXI XML Broker Document Library Excel File (.xlsx)

Lending Reference Architecture v.2.0 Mike Walker Architecture Strategist Architecture Strategy Group http://www.codeplex.com/LOS

Summary of Additions
New Instant Messaging OCS Integration
Broker and Loan Processor collaboration
A new set of five Excel based Mortgage Calculators
More Content Management
Real-World Patterns for ECM
2 New Business Intelligence Reports
New 1003 FannieMae v.3.2 based InfoPath form
InfoPath Quick Registration Enhancements including:
Enhance Look and Feel
Surfacing Workflow Steps
MLS Integration using the RETS standard for an S+S example.
Add Data Elements to conform to the industry standard 1003 Form
New OpenXML Document Generation of Loan Documents Includes an example of generation of the Good Faith Estimate

Extending Loan Applications MLS Look-up MLS Lookup Web Service WS Call RETS Standard Lookup Table with ID to Property Pairs ADO.Net

Document Generation Master Loan Flow (MLF) Activate Loan Active Loan Save Lock Services Underwriting DocGen DocGen Service Call Web Service - Pass Document Name (Ex: Truth in Lending) and the InfoPath XML Retrieve Mappings and Word Document Template from SQL New Document Library for Borrower DocLib should be named what ever the <LoanID> is. Close Fire Event Custom Controls in document

CONCLUSION

SharePoint Customers #1 Microsoft Development Platform

New Developer Resources OBA Platform Scenarios: Sales Proposals and Customer Service Request Management OBA Sample Application Kits For SAP v2 and PeopleSoft

Call to Action
Download the Financial Services Component Library
Go to the Financial Services Architecture Center
Read the New Architecture Guidance
Download the New Adapter Packs for BizTalk and MOSS
Learn SilverLight 2.0 and leverage the new Blueprint
Start evaluating 2008 Products
2 3 4 5 6

Additional Information
Mike Walkers Blog
http://blogs.msdn.com/MikeWalker
Financial Services Architecture Center
http://msdn.microsoft.com/FinServArch
Financial Services Component Library
http://www.codeplex.com/BrokerCommissions
http://www.codeplex.com/LifeInsurance
http://www.codeplex.com/los
http://www.codeplex.com/olb
http://www.codeplex.com/imf
Loan Origination Online Hands on Labs
http://go.microsoft.com/?linkid=8026975
Get the Architecture Journal and the New Reader
http://architecturejournal.net/
http://www.microsoft.com/downloads/details.aspx?FamilyID=dd466bbb-1b7d-438e-9f9a-954ce2058f15&displaylang=en

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© 2006 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista and other product names are or may be registered trademarks and/or trademarks in the U.S. and/or other countries. The information herein is for informational purposes only and represents the current view of Microsoft Corporation as of the date of this presentation. Because Microsoft must respond to changing market conditions, it should not be interpreted to be a commitment on the part of Microsoft, and Microsoft cannot guarantee the accuracy of any information provided after the date of this presentation. MICROSOFT MAKES NO WARRANTIES, EXPRESS, IMPLIED OR STATUTORY, AS TO THE INFORMATION IN THIS PRESENTATION.

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Financial Services Component Library

by Mike Walker on Mar 19, 2008

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Financial Services Component Library — Presentation Transcript