Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

SOFTWARE AG APPLIES DIGITAL BUSINESS PLATFORM TO OPERATIONALISE BLOCKCHAIN

SOFTWARE AG APPLIES DIGITAL BUSINESS PLATFORM TO OPERATIONALISE BLOCKCHAIN
  • OperationalisesBlockchain to deliver more value with tighter coupling to the enterprise
  • Provides access to, visibility into, and action on Blockchain apps
  • Enables real-time monitoring and analytics of Blockchain transactions and events
  • Framework enriches functionality of blockchain applications

Software AG (Frankfurt TecDAX: SOW) today announced the availability of next generation Digital Business Platform capabilities that enable financial institutions to operationaliseblockchain by gaining greater integration of, visibility into, and action upon public/private blockchain applications.

Once an organisation has decided on the blockchainapplication that suits its business, the next step is to move it out of the incubator and tightly incorporate it within its enterprise applications.

Financial services organisations globally are investigating the benefits of using blockchain, but few are thinking beyond the perfect use case. Once they have decided on the blockchain application that suits their business, the next step is to move it out of its ‘test incubator’ where it was being proven, and tightly incorporate it within their enterprise applications.

Nigel Farmer, Industry Director for Capital Markets at Software AG, noted: “That is where the fun starts; making blockchain applications work in the real world is as much of a challenge as building the blockchain application itself.”

Organisations implementing blockchain do not want to add additional IT “spaghetti” on top of their existing technology infrastructure. They must be able to rapidly and seamlessly use blockchain to gain the advantages of the technology immediately without having to run complex, costly and lengthy re-architecting programs.

Interoperability of blockchain within an enterprise requires an intelligent blockchain access layer. The Software AG Digital Business Platform provides:

  • A blockchain access layer that seamlessly integrates blockchain with legacy technology for interoperability;
  • The ability to correlate and validate data, and apply business context going into blockchain;
  • Governance and security to enterprise or industry-wide blockchains;
  • Event processing and data aggregation for complete visibility on- and off- chain activities;
  • Monitoring, exception management and alerting of blockchain events;
  • Overlay service layer to enrich functionality of blockchain apps.

Farmer concluded: “Many organisations developing prototypes are focused fully on the blockchain use case, and haven’t begun to think about what it means to put it into production. Software AG’s Digital Business Platform not only provides the necessary infrastructure, but enables them to operationalise this disruptive technology rapidly without disrupting the business and existing IT infrastructure.”

Blockchain technology is poised to change financial services dramatically. But organisations must ensure that their infrastructure can support it. This is possible with the use of Software AG’s Digital Business Platform.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post