Dharmes Mistry Tony De Bree S O A Business Persp V1a

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Dharmes Mistry Tony De Bree S O A Business Persp V1a

  1. 1. This Presentation Courtesy of the International SOA Symposium October 7-8, 2008 Amsterdam Arena www.soasymposium.com info@soasymposium.com Founding Sponsors Platinum Sponsors Gold Sponsors Silver Sponsors
  2. 2. Service Oriented Architecture: A Business Perspective. Practical Experiences And Lessons Learned From The Financial Services Industry. Tony de Bree © 2008, www.tonydebree.com 1
  3. 3. Content • Introduction • What’s Going On? • Business Requirements • Where’s The Money? • Web 2.0 And The Financial Crisis • But remember… 2
  4. 4. Introduction Tony de Bree © 2008, www.tonydebree.com 3
  5. 5. Introduction • Tony de Bree: – Investment Bank (back-to-front) – Business & IT Alignment (CISA) and Ecommerce – European Mediating And Monitoring-project – ABN AMRO Trust/eTrust 2001: Prediction On Future Of Financial Services And Especially The Impact Of New Technology On Universal Banks including the current names! – Global Compliance after 9/11 – Global Risk Assessment Private Clients – Global Due Diligence Management – Separation Manager ABN AMRO Fortis ** Since 1997: senior management activities, key-notes, workshops, peer-reviews, books and articles ** 4
  6. 6. 2. What’s Going On? Web 2.0 Document Management S ocia U.S. Regulators l Ne g Sanctions two ri n rkin Clients und e Technology Risk Managers g La Bad Reputation ey Ch Bas Debts Mon s Security an isi ge Auditors Cr Transparency Internal Guidelines dit C re Banks Going Bankrupt Transformation Compliance FBI Stock Prices Down Mergers, Hostile Take-Overs, Split-Ups 5
  7. 7. Business Requirements Tony de Bree © 2008, www.tonydebree.com 6
  8. 8. Business Requirements • Agility • Small Projects & Small Teams • Short pay-back period • “Stay Out Of The Newspaper” • Multi-lingual • Process and data driven • Across organisational silos • Global and local • Inexpensive • Focus on clients and business, not on IT • Lite-technology/browser-based • Knowledge driven/rules-based • Fast And user friendly like popular social networking sites….. 7
  9. 9. Where’s The Money? Quick Hits And Long Term Gains Tony de Bree © 2008, www.tonydebree.com 8
  10. 10. Where’s The Money? Examples of where we earned the money: • RAD leads to quicker user acceptance • Smaller and shorter projects • Reduced costs for thick licenses including for separate components like workflow engines/BPM tools • Easy to change and to maintain • Lower operational costs • Lower TCO • Fast and inexpensive implementation of regulatory requirements • Virtualisation of (client-lifecycle) processes • Step-by-step integration or split-ups of companies • Fast and inexpensive implementation of regulatory requirements • Virtualisation of processes • Delayering of companies leading to reduced overhead/costs (legal, compliance, audit, risk management etc) • Reductions in back-office/mid-office number of FTEs between 45-53%! 9
  11. 11. Web 2.0 And The Financial Crisis: Killer Apps! Tony de Bree © 2008, www.tonydebree.com 10
  12. 12. Web 2.0 And The Financial Crisis Killer apps for Financial Services: • National and International Electronic Oversight Applications (“eWatchdog”); • “Internal Monitoring And Intervention Systems” (Senior management, compliance, risk, audit etc); • Using Web 2.0 within organisations to “blow up” the company/split the company before somebody else does it to become agile, cut costs and become more customer-driven. • Merging of internal applications and external collaborative environments in real-time. 11
  13. 13. But remember……. NT + OO = EOO New Technology Old Organisation --------------------------------------- + Expensive Old Organization 12
  14. 14. Thank you for your attention…. My Personal Blog & Free Downloads: www.tonydebree.com - How Technology Turns Know-Your-Customer (KYC) Into a Competitive Advantage”, Gartner, London, Financial Services Technology Summit, September 2007. - “Knowledge Is Power”, Future Banking Magazine, Q 2008. - “Second Coming” (Web 2.0 in Banking”), Financial Sector Technology, 11th October 2007 (interview). - “Using Intelligent Portals To Virtualise Banking”, Gartner, London, Gartner: Portals, Content & Collaboration Summit, August 2007. - RSS service and much more… 13

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