The value of ESB in banking

1. What is an ESB?

The ESB (Enterprise service Bus) is a business services bus, similar to the real life of the "Highway", the head office, branches, outlets connected to become the main artery of banking operations. The ESB is the best solution for the future synthesis of commercial banks.

2. What are the benefits of an ESB?

L the only way for the future process Bank and network transformation construction. according to industry experts ' forecasts, the ESB will become the overall development direction of the future modern enterprise IT integration architecture, and it is an important means for commercial banks to realize the process bank, network transformation, market expansion, channel expansion and flexible response to the fast changing commercial market.

L facilitates rapid expansion of channels and cross-regional operations. ESB based on the advanced concept of SOA (cloud computing), with exceptionally flexible system connectivity, to help bank decision-makers to rapidly expand the branch network, rapid promotion of electronic channels, to reduce the traditional channel and counter pressure and load, so that banks get the advantage in cost and efficiency.

L is conducive to the overall improvement of the level and ability of banking technology management. based on the report of the Forrest Institute, the ESB consolidates the existing and new systems, processes, and services of commercial banks, increasing flexibility for development and strengthening control of important resources to help enterprises realize the value of SOA. Comprehensively improve the bank's ability in system development, system operation, business development, system operation and maintenance, and improve the management ability of bank science and technology.

L Core System, business system independent development possible. through the construction of the ESB, the banks of the various systems become a loose coupling relationship, for the bank's professional business system planning, construction, replacement provides an independent development space, the system between the connection becomes a relaxed and happy work, the bank's decision-makers do not need every system reform is "on pins and needles."

L Facilitate the introduction of banking innovation business. in the fierce competition, the trend of interest rate marketization, third-party payment and the mixed operation of bank insurance investment have made the banks have to build up the IT structure which can be rapidly strained. Through the ESB's mature system integration capabilities and service mix capabilities, more and richer business services can be combined to meet the needs of bank innovation and mixed operation.

3. The development of ESB in commercial banks scanning

In recent years, the development of cloud computing technology, ESB Construction has become the bank, insurance and other financial enterprise IT construction important direction.

Abroad, Bank of America, Florescence Bank, Standard Chartered Bank and many other banks took the lead in building an ESB to realize SOA of it architecture.

At home, CCB, ABC, Bank of communications, Ping An bank, Huaxia Bank, Beijing Bank, Dongguan Farmer, Zhanjiang firm, China Resources Bank, Xiamen Bank, Chongqing Bank, National Development Bank, etc. have all started to build ESB in whole line or part, among which ping an group obtains many benefits in SOA of IT architecture of Ping An bank. The company intends to build a unified enterprise service bus for the acquisition of banking and insurance business.