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Current Situation
Integration has become an IT focal point and a business-critical concern for most large enterprises. Industry authorities estimate that 30% to 50% of a typical application implementation effort is spent on integration
It is predicted that 70 % of total IT expenditures in banks will be used for administration and development of interfaces by 2007.
Challenge for Banks
Banks have to face the following main business integration challenges:
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 | Integration with financial networks and partners |
| Flexible adaptation to new standards (ISO 15022, etc.) |
| Distribution channels´ integration |
| Integration of data for effective financial management |
| Extending of Straight Through Processing (STP) |
| Reduction of IT costs |
| Leveraging of existing technologies and flexibility for future changes |
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Solution
TIBCO Business Integration Solutions is a family of software products that address the whole range of integration problems:
- EAI: Building scalable, event-driven solutions for application-to-application integration within the bank
- B2B: Business-to-business interfaces between bank systems and partners, financial networks
- B2C: Business-to-customer interfaces between bank systems and customers (electronic marketplaces and portals, distribution channels, web services integration)
- BPM: Business Process Management - management of bank internal business processes
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