Oracle and industry leaders have discussed critical issues affecting the Pakistan financial services industry at a seminar organised by Oracle here.
Heads of Pakistan's local and foreign financial services organisations met with Oracle experts to discuss multiple issues, including mounting pressures for improved service, transparency, governance, compliance and cost control disciplines.
Leading companies are increasingly turning to Service Oriented Architecture (SOA) and process integration, as a way of increasing their business agility and IT productivity.
SOA is an architectural approach that makes it not only feasible, but also practicable to build business applications through a collection of loosely coupled services. "A service-oriented architecture provides significant benefits that allow organisations to focus more on resources and innovation, enable better deliveries and offer improved services," said Samina Rizwan, Regional Director, SAGE West, Oracle Corporation.
"Oracle fusion middleware provides a service oriented framework that is comprehensive, unbreakable and hot-pluggable-it is standards based and allows customers to SOA-enable their existing IT environment without requiring a costly rip and replace project. It is interoperable and supports Oracle and non-Oracle application servers and databases, including IBM, BEA and Microsoft," she added.
Prominent speakers at the event, titled "roadmap to excellence in financial services industry" included, Saleem Rafik, chief information officer, MCB Ltd, Andy Woodhouse, Director, banking strategy, Oracle Asia Pacific, and Joey Tan, principal solution manager, Oracle Asia Pacific.