IBM WebSphere Multichannel Bank Transformation Toolkit, Version 7.1

Introduction

Financial institutions are diversifying their offerings and adapting their products and services to ensure that they are able to respond to future market challenges and support changing business operations in an increasingly competitive environment.

The traditional channel application is becoming obsolete. Many existing channel application systems such as teller, internet banking are based on old technologies, such as financial-specific controllers or basic PC systems. These systems are no longer adequate or appropriate for meeting the challenges of the new environment, which include competitive factors such as the following:

Financial institution services are mainly supported by applications whose core logic and data reside on host or enterprise systems. For a bank teller application, access to these services (for example, to conduct a withdrawal transaction) requires delivery channels and a transaction posting engine that can handle the many tasks involved with transaction processing. The delivery channel and transaction posting engine must be able to manage the user interface, gather operation data, build host messages, process host responses, log transaction information into an electronic journal, access financial devices, and all other activities involved with processing the transaction. The IBM® WebSphere® Multichannel Bank Transformation Toolkit is the transaction posting engine used by many financial institutions and other organizations for accessing back-end systems for banking delivery channels such as the traditional branch, call center, banking kiosk, Internet banking, and mobile access.

The Bank Transformation Toolkit provides a set of facilities to help with each of the processes and concepts mentioned above, modeling the real-life components of a channel application system as objects and presenting them to development teams in a very familiar way. It accomplishes the following:

In summary, the IBM WebSphere Multichannel Bank Transformation Toolkit product is a pragmatic infrastructure designed and built so that existing mission-critical systems can evolve rather than be replaced. Its architecture provides an environment for high development productivity and great flexibility to meet the challenges of the new pace of change in both technology and the banking industry.

To help you understand BTT value proposition better, the following diagram is the Positioning of Selected IBM Products:

This figure depicts the BTT Position of selected IBM products



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