Office Business Applications in Financial Services
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  • MGB 2003 © 2003 Microsoft Corporation. All rights reserved. This presentation is for informational purposes only. Microsoft makes no warranties, express or implied, in this summary.

Office Business Applications in Financial Services Presentation Transcript

  • 1. 2007 Office System the Next Business Platform for Financial Services Mike Walker Architecture Strategist Microsoft Corp.
  • 2. Introduction Mike Walker is the managing architecture strategist for the Financial Services vertical at Microsoft.  Walker is responsible for driving and evangelizing Microsoft’s worldwide industry and vertical strategy in the banking, insurance and securities segments.  Specifically, Walker ensures that financial services institutions around the world realize the full extent of Microsoft’s vision and value proposition, by overseeing areas such as industry strategy, marketing, solution development, partner development, thought leadership, and executive relations. Walker joined Microsoft in early 2006. His background is as a financial services strategist, specializing in business transformation around technology, but he combines this experience with a strong focus on strategic execution. Prior to joining Microsoft, Walker ‘s worked as an enterprise architect in banking, where he developed business strategies, conducted strategic infrastructure planning, and implemented technology projects. His experience includes bespoke and package implementation, enterprise process design and management, applications management and systems selection.  
  • 3. What We Will Cover
    • What is an Office Business Application (OBA)
    • Why should Financial Services use OBAs
    • How do OBAs solve Financial Services challenges
    • How this fits in your current environment
    • Conclusion
  • 4. Session Prerequisites
    • High Level Understanding of Financial Services Issues
    • General SOA Concepts and Technologies
    • Understanding of Microsoft Technologies
    Level 300
  • 5. Agenda
    • What is an Office Business Application (OBA)
    • Why should Financial Services use OBAs
    • OBAs solve the challenges
    • How this fits in your current environment
    • Conclusion
  • 6.
    • Office Business Applications (OBAs) are a style of composite applications that bring together both the front-office and back-office by unlocking more value from line-of-business systems making them more accessible and actionable to information workers through the familiar, powerful and ubiquitous Microsoft Office system.
    What is an OBA? Definition Line-of-business Applications Microsoft Office System OBAs
  • 7. What is an OBA? What makes an OBA Different Determine Product and Rate Unstructured Create Lead Qualified? Retire Lead Create Oppt’y Create Quote Closed? Complete Sale Originate Customer Validate Data Present solution Work with lenders Complete Registration Get Signatures Structured Office Business Applications “ Classic” Enterprise Applications Office SharePoint Server Word Excel Outlook InfoPath Estimate custom design Unstructured
  • 8. What is an OBA? The Industry Agrees “ We thought people would use our portal, but now we realize they want to use SAP in their own interface. People will prefer to retain their current user experience. People love Office. You can connect SAP [to Office] so they don't need to leave their comfort zone.“ – Shai Agassi, President, SAP Product & Technology Group “ It is important to simplify and improve the user experience associated with enterprise applications interaction. Specifically, today most enterprise applications have Web-based user interfaces, but knowledge workers often find that these user interaction models are less intuitive to use and interfere with their daily work in Microsoft Office.“
  • 9. Agenda
    • What is an Office Business Application (OBA)
    • Why should Financial Services use OBAs
    • OBAs solve the challenges
    • How this fits in your current environment
    • Conclusion
  • 10.
    • Strong Regulatory factors such as:
      • HMDA, CRA and Customer Privacy
    • Process heavy with many un-needed manual processes
    • In lending, banks must deal with 40 unique documents that span up to 300 pages
    • Highly competitive landscape where products and the rates of those products give them the edge
    • Technology efficiencies can help:
      • A 30 year fixed mortgage rate offered online is an average 50 basis points lower than that available offline
    Why should FSI’s use OBAs Industry Challenges * * US Market Forecast - JupiterResearch 2005
  • 11.
    • OBAs increase Business User Productivity
    • Out of The Box Automation of the Process
    • Reduce the Cost of Ownership
    • Surface existing assets (Mainframe and Unix)
    • Align solutions with compliance
    Why should FSI’s use OBAs OBAs to the Rescue
  • 12.
    • Lending is process heavy with many un-needed manual processes
    • Lenders must deal with 40 unique documents that span up to 300 pages
    • Data re-entry leads to data duplication, increased error rates, and compliance issues
    Why should FSI’s use OBAs What can be automated?
  • 13. Agenda
    • What is an Office Business Application (OBA)
    • Why should Financial Services use OBAs
    • OBAs solve the challenges
    • How this fits in your current environment
    • Conclusion
  • 14. Automating Lending Registrations
  • 15.
    • Ability to add ad-hoc human process on to structured processes
    • Self Serve Dashboards with KPI’s and Reporting
    • Individual Team and Individual Sites for Information Sharing and Collaboration
    They solve the Challenges Empower your Business Users
  • 16. Agenda
    • What is an Office Business Application (OBA)
    • Why should Financial Services use OBAs
    • OBAs solve the challenges
    • How this fits in your current environment
    • Conclusion
  • 17. How this Fits In Robust Composite Architecture Presentation Layer Web Based Portal Extensible UI Application Services Layer Office Clients Business Rules Engine Centralized Business Rules Orchestration Layer SQL Server 2005 3rd Party External Mortgage Providers Lending Message Bus State full Web Services Stateless Web Services Business Process Management Data Services Layer
  • 18. Agenda
    • What is an Office Business Application (OBA)
    • Why should Financial Services use OBAs
    • OBAs solve the challenges
    • How this fits in your current environment
    • Conclusion
  • 19. Recommended Resources Financial Services Architecture Center http://msdn.microsoft.com/FinServArch Mike Walker’s Blog http://blogs.msdn.com/MikeWalker Loan Origination Reference Architecture http://msdn.microsoft.com/architecture/ORLOS MSDN Solution Architecture Center http://msdn.microsoft.com/architecture Additional Resources
  • 20. Next Steps
    • Take a look at the MSDN Financial Services Architecture Center
    • Explore the NEW OBA Reference Application Pack for Loan Origination Systems
      • Installable Application
      • Application Source Code (Coming Soon)
      • Architecture Guidance
      • Web Casts
  • 21. Questions and Answers
    • Submit text questions using the “Ask” button.
    • Don’t forget to fill out the survey.
    • For upcoming and previously live webcasts: www.microsoft.com/webcasts
    • Got webcast content ideas? Contact us at: http://go.microsoft.com/fwlink/?LinkId=41781
    • Today's webcast was presented using Microsoft ® Office Live Meeting. Get a free 14-day trial by visiting: www.microsoft.com/presentlive  
  • 22.