17 March 2018
visit www.nextgenbanking.co.uk

XML Web services big hit with European financial sector, says survey

01 July 2002  |  6392 views  |  0 XML Web services big hit with European financial sector, says survey

The retail and wholesale banking sector is the leading adopter of secure XML Web services, according to a survey of European developers released today at Tech.Ed 2002, Microsoft's European developer conference.

The survey was conducted online by PC-I Live on behalf of Microsoft Emea during May and June 2002 and involved 1769 developers and IT professionals. Respondents classified themselves as developers, systems architects, Web site developers, IT consultants, IT professionals and database administrators.

Results of the survey show the highest development of Web services in Europe to be found in the retail and wholesale banking sector, with 38% of respondents developing Web services in this area.

Vic Gundotra, general manager of the .NET platform strategy group at Microsoft, comments: "There is significant Web services development taking place in the financial sector and it is clear that this industry understands the business value and powerful capabilities that .NET can bring."

The Bank of New York (BNY), which is currently deploying .NET technologies for its retail fund servicing platform Rufus, was wheeled out at Tech.Ed to talk through its experiences.

Bill Hookings, head of retail funds product development from BNY, says: "Using Visual Studio .NET, BNY’s developers are able to bring to the table an XML Web services solution that has been developed rapidly and is both flexible and cost effective...By developing with C#, the .NET Framework and Visual Studio .NET, we have a very rich application running on a modern, scalable mainstream architecture."

Other finance customers to have adopted .NET technologies include Nationwide, Deutsche Bank and Dresdner Kleinwort Wasserstein.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Microsoft and CapCo unveil STP alliance

Microsoft and CapCo unveil STP alliance

19 June 2002  |  27719 views  |  0 comments
Vendors develop draft XML-based securities finance data standard

Vendors develop draft XML-based securities finance data standard

07 May 2002  |  4523 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comVisit www.vasco.com

Top topics

Most viewed Most shared
Augmentum Fintech raises £94m in IPOAugmentum Fintech raises £94m in IPO
11744 views comments | 25 tweets | 5 linkedin
Indian fintech sector needs regulatory support to flourishIndian fintech sector needs regulatory sup...
6729 views comments | 8 tweets | 7 linkedin
BIS warns central banks on digital currency issuanceBIS warns central banks on digital currenc...
6440 views comments | 18 tweets | 17 linkedin
Capital One virtual assistant can now issue virtual card numbersCapital One virtual assistant can now issu...
6197 views comments | 12 tweets | 11 linkedin
Starling and TrueLayer integrate for open bankingStarling and TrueLayer integrate for open...
6137 views comments | 13 tweets | 9 linkedin

Featured job

Six-Figure-Base, Double OTE, Benefits Package
London, UK

Find your next job