IFX Forum Launches New SOA Working Group

  IFX Forum Launches New SOA Working Group

Business Wire

WAKEFIELD, Mass. -- May 6, 2013

The Interactive Financial eXchange (IFX; http://www.ifxforum.org) Forum today
announced the official formation of a Services Oriented Architecture (SOA)
Working Group, following approval of its charter by the IFX Forum Steering
Committee. The focus of the new group will be to provide guidance on
implementing IFX in a Service Oriented Architecture environment.

The IFX Forum is an international non-profit industry association whose
mission is to develop and promote the adoption of its open, interoperable
standard for financial data exchange. The IFX Business Message Specification
(BMS) is accessible at no charge at http://bms.ifxforum.org/.

At the SOA WG's formative meeting, Co-Chairs Kyle Cacciatore and Arlene
Griese, both of FIS™, were selected. Some of the other IFX Forum members
participating are ACI Worldwide, Inc.; Bankers Association of the Republic of
China (BAROC); CSC; NCR; U.S. Bank; and Wells Fargo. All Forum members are
invited to send representatives to the group, which has already begun work on
deliverables.

The SOA WG will be the venue for all IFX Forum discussions and work efforts
related to identifying and describing best practices for implementing IFX in a
Service Oriented Architecture context, and documenting common IFX SOA
implementation patterns.

"Since the advent of IFX Version 2, we've had an increasing number of requests
to provide direct guidance to members and other implementers about how to best
use IFX in SOA environments. Publishing an SOA Implementation Guide will
address this need and expand IFX adoptions," said IFX Forum President Richard
P. Urban. "I'm pleased to see that the new group got off to a very energetic
start, and enthusiasm is high. Members are sharing success stories and lessons
learned, which will result in improvements in IFX as well as a deeper bench of
knowledgeable members capable of actively participating in the Architecture
Committee."

The SOA WG is now outlining a Web Services Implementation Guide for IFX v2.x
that will describe the key concepts of the IFX Service Provider and Services
objects and provide a "cookbook" step-by-step example of building a meaningful
service. Later, the SOA WG may create other material, including white papers
on topics such as how to use the BIAN Service Framework with IFX, updates to
the existing IFX XML Implementation Guide and the IFX Version 1 Web Services
Implementation Guide, and proposals for changes to the IFX BMS.

The IFX Forum's membership includes organizations from a dozen countries on
four continents. In addition to developing IFX, the Forum actively engages in
international standards activity, including longtime liaison efforts with ISO
and contributions to ISO 20022, a leadership role in the Remittance Coalition
set up by the U.S. Federal Reserve, and Memoranda of Understanding with ASC X9
and EPASOrg. The Forum welcomes additional members to join in all its
activities. More information can be found at http://www.ifxforum.org/join/.

About the IFX Forum

Founded in 1997, the Interactive Financial eXchange (IFX) Forum is an
international not-for-profit industry association whose mission is to develop
and promote the adoption of its open, interoperable standard for financial
data exchange, suitable for use by all sectors of the financial services
industry. Forum membership is open to organizations interested in contributing
to the development of open financial standards. Forum members include
financial institutions, hardware, software and service firms, and related
non-profit groups.

The IFX Forum is currently organized into the following Working Groups:
ATM/POS; Branch Banking Services; Business Banking; Card Management &
Servicing; Liaison & Interoperability; Loans; and Service Oriented
Architecture (SOA). IFX Forum Working Groups, in concert with an Architecture
Committee to coordinate their efforts, develop open Internet-compatible
messages for all sectors of the financial services industry. To learn more
about the IFX standard or the benefits of IFX Forum membership, please visit
www.IFXForum.org.

Contact:

Virtual, Inc.
Judith Vanderkay, +1-781-876-6208
jvanderkay@virtualmgmt.com
 
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