Information dissemination in modern banking applications

Abstract

Requirements for information systems, especially in the banking and finance industry, have drastically changed in the past few years to cope with phenomena like globalization and the growing impact of financial markets. Nowadays flexibility and profitability in this segment of the economy depends on the availability of ready, actual and accurate information at the working place of every single employee. These theses are exemplified by outlining two modern real-life banking applications, each different. Their business value is founded on the rapid dissemination of accurate information in a global, distributed working environment. To succeed technically, they employ a combination of modern database, networking and software engineering concepts. One case study centers on the swift dissemination of structured financial data to hundreds of investment bankers; the other deals with the rapid dissemination of semi-structured and/or unstructured information in a knowledge retrieval context. © Springer-Verlag Berlin Heidelberg 2005.