Modernization Solution for Legacy Banking System Using an Open Architecture

Banks are still using legacy systems as the core of their business is comprised within such sys-tems. Since the technology and client demands are changing rapidly, the banks have to adapt their systems in order to be competitive. The issue is to identify correctly what are the bank users preferences in terms of software reliability and how modern is the system For instance, there are users who enjoy working using the old screen format, and there are users who enjoy working with newer layouts, Web interfaces, and so on. We need also to know the constraints generated by the usage of legacy systems, and how these systems can be improved or replaced. The scope of the article is to present a solution of modernizing a legacy banking system by using a SOA approach. The research is based on the modernization of a legacy system developed in COBOL/400 under IBM iSeries. The modernization process uses a SOA ap-proach using JAVA technologies

Internet Banking integration within the banking system

Internet Banking developed due to increasing demand of online banking transactions. The biggest advantages of Internet Banking consist of complex banking solutions, 24 hours availability, quick and secure access to the back-end application through Internet. These advantages are due to the use of SOA (service-oriented architecture). SOA appeared as a necessity of companies to integrate big and independent portions of applications, in order to obtain an homogeneous functionality of the system. For the Internet Banking applications, SOA proved to be the optimal architectural solution, for a smoth integration between banking services from the front-end to the back-end.This paper intend to offer an insite analyse of the Internet Banking applications architecture integrated with other banking systems. A SOA oriented analyse will establish the scope of the integration architecture.Internet Banking, SOA, architecture, front-end, back-end, Banking Systems

The numeric evaluation of the magnetic field produced by a rotor with alternating poles

The magnetic field produced by a rotor with alternating magnetic poles in a magnetic fluid hydrostatic bearing is numerically evaluated. There has been used a 3D program based on the finite element method (3D-FEM)

INTERNAL CONTROL MECHANISMS IN THE CONTEXT OF THE CHALENGE FINANCIAL CRISIS

Prevention and earlier detection of fraudulent financial reporting must start with the entity that prepares financial reports. Thus the first focus of the Sarbannes-Oxley Actâ€(tm)s recommendations is the public company. These recommendations, taken together, will improve a company's overall financial reporting process and increase the likelihood of preventing fraudulent financial reporting and detecting it earlier when it occurs. For some companies, implementing these recommendations will require little or even no change from current practices; for other companies, it will mean adding or improving a recommended practice. Whether it means adding or improving a practice, the benefits justify the costs. The Sarbanes-Oxley Act is a direct response to the recent scandals in the US corporate world. Governance, compliance, risks and internal controls are mounting concerns for almost all organizations. As the numbers of rules, regulations and contractual obligations steadily rise, management is growing more and more concerned about their exposure on day-to-day operational decisions!fraud, internal control, COSO, risks based audit

Credit Risk Management in Terms of Basel III

As volatility has become the dominant environment in which banks operate, they were put in a position to meet new challenges and to face greater risks, reason for the Supervisory Institutions to develop complex models for credit risk management. On the other hand the financial crisis has shown that Basel II has several shortcomings and must be upgraded so the Basel Committee on Banking Supervision (BCBS) proposed in the end of 2009 Basel III, a comprehensive strategy for regulation, supervision and risk management of internationally-active banks.credit risk, management, financial crisis, Basel III.

Decision communication in education management

In the decision making process in education management, the communicational component has an important role. Communication is the sine qua non factor of the decision. Since it takes place in the decision situation, the type of communication that permeates the processes of making and implementation of managerial decisions was named decision communication

Strategic policy advice: group-based processes as a tool to support policymaking

This deliverable is about the group discussions (STAVE trials) that have been carried out in the partner countries of project PACHELBEL on various substantive policy issues in the field of sustainability. It focuses on the methods that have been used to interact with lay citizens in the STAVE groups, and on the feedback that has been provided to policy makers on findings from the groups. Building upon these elaborations, conclusions will be drawn as to STAVE as a policy tool. Furthermore, this deliverable provides key features of STAVE groups on a country-by-country basis

Evidences of lay people’s reasoning related to climate change: per country and cross country results

This deliverable is about lay citizens’ reasoning about sustainability, in particular environmental protection and climate change, in various consumption domains, and the relation of this reasoning to the day-to-day lives of the participants. It presents country and cross-country findings from all 18 STAVE trials conducted between May 2011 and February 2012 in all six PACHELBEL partner countries. Analyses demonstrate that participants in the STAVE trials predominantly display a clear awareness that citizen consumption as demonstrated in their everyday practices of energy use, mobility, waste etc. are strongly connected with issues of environmental sustainablility. The STAVE trials also demonstrated that to live sustainably is a daily challenge, and people are often not able to organize their everyday routines in an environmental-friendly manner. Frequently there is a gap between participants’ aspirations and their practical behaviours. Significantly, the group conversations enabled participants to become aware that the self-assessed soundness of their everyday lives in terms of sustainability was at variance from the actual impact of e.g. their energy use or or mobility practices