Leading banks are pressing IT suppliers to take-up open technology standards, in a drive to reduce the cost and complexity of banking technology.
Deutsche Bank, ING and ABN-Amro are among a dozen international banks leading an initiative to introduce open standards in banking IT.
The banks claim that common standards between IT suppliers that provide software as a service (SaaS) could reduce bank IT integration costs by up to a third, and dramatically reduce the likelihood of IT projects running over budget.
SOURCE: computerweekly.com
About the Author
The opinions expressed in this post belongs to the individual contributors and do not necessarily reflect the views of Information Security Buzz.
