Abstract
Requirements for information systems, especially in the banking and finance industry, have drastically changed in the past few years to cope with phenomena like globalization and the growing impact of financial markets. Nowadays flexibility and profitability in this segment of the economy depends on the availability of ready, actual and accurate information at the working place of every single employee. These theses are exemplified by outlining two modern real-life banking applications, each different. Their business value is founded on the rapid dissemination of accurate information in a global, distributed working environment. To succeed technically, they employ a combination of modern database, networking and software engineering concepts. One case study centers on the swift dissemination of structured financial data to hundreds of investment bankers; the other deals with the rapid dissemination of semi-structured and/or unstructured information in a knowledge retrieval context.
Preview
Unable to display preview. Download preview PDF.
Similar content being viewed by others
References
Bernstein, P., Hsu, M., Mann, B.: Implementing Recoverable Requests Using Queues. In: ACM SIGMOD Conference, pp. 112–122 (1990)
Birman, K.: Replication and Fault-Tolerance in the ISIS System. In: Symposium on Operating Systems Principles (SOSP), pp. 79–86 (1985)
Birman, K., Schiper, A., Stephenson, P.: Lightweight Causal and Atomic Group Multicast. ACM Transactions on Computer Systems 9, 272–314 (1991)
Brandt, S., Cavar, D., Störl, U.: A Real Live Web Service using Semantic Web Technologies: Automatic Generation of Meta-Information. In: Meersman, R., Tari, Z., et al. (eds.) CoopIS 2002, DOA 2002, and ODBASE 2002. LNCS, vol. 2519, Springer, Heidelberg (2002)
Cavar, D., Kauppert, R.: Strategien für die Implementierung IT-basierter KM-Lösungen: Minimal invasive Systeme. In: Prange, C. (ed.) Organisationales Lernen und Wissensmanagement – Fallstudien aus der Unternehmenspraxis, Gabler (2002)
Chan, A.: Transactional Publish/Subscribe: The Proactive Multicast of Database Changes. In: ACM SIGMOD Conference, p. 521 (1998)
Coulouris, G., Dollimore, J., Kinderberg, T.: Distributed Systems: Concepts and Design. Addison-Wesley, Reading (1994)
Daniels, D., Doo, L., Downing, A., et al.: Oracle’s Symmetric Replication Technology and Implications for Application Design. In: ACM SIGMOD Conference, p. 497 (1994)
DeRosa, D.: Options on Foreign Exchange. John Wiley & Sons, Chichester (1999)
Elmagarmid, A.: Database Transaction Models for Advanced Applications. Kaufmann Publishers. Morgan Kaufmann, San Francisco (1992)
Gawlick, D.: Message Queuing in Oracle8. In: ICDE Conference, pp. 66–68 (1998)
Freytag, J.C., Manthey, R., Wallace, M.: Mapping Object-Oriented Concepts into Relational Concepts by Meta-Compilation in a Logic Programming Environment. In: Dittrich, K.R. (ed.) OODBS 1988. LNCS, vol. 334, pp. 204–208. Springer, Heidelberg (1988)
Gray, J., Reuter, A.: Transaction Processing Systems. Morgan Kaufmann Publishers, San Francisco (1993)
Härder, T., Reuter, A.: Principles of Transaction-Oriented Database Recovery. ACM Computing Surveys 15(4), 287–317 (1983)
Lebeth, K.: Semantic Networks in a Knowledge Management Portal. In: Proc. Advances in Artificial Intelligence (KI/ÖGAI 2001), Vienna, Austria, pp. 463–366 (2001)
Lebeth, K., Lorenz, M., Störl, U.: Text Mining based Knowledge Management in Banking. In: Zanasis, A. (ed.) Text Mining and Its Applications, April 2005, WIT Press, Southampton (2005)
Luca, C.: Trading in the Global Currency Markets. Prentice-Hall, Englewood Cliffs (1995)
Peinl, P.: Design and Implementation of a Large Scale Online/Real-time Information System for Foreign Exchange Trading, Technical Report, University of Stuttgart (1999)
Reuters: Reuters Market Data System, http://about.reuters.com/productinfo/rmds/
Zanasis, A. (ed.): Text Mining and Its Applications, April 2005. WIT Press, Southampton (2005)
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2005 Springer-Verlag Berlin Heidelberg
About this chapter
Cite this chapter
Peinl, P., Störl, U. (2005). Information Dissemination in Modern Banking Applications. In: Härder, T., Lehner, W. (eds) Data Management in a Connected World. Lecture Notes in Computer Science, vol 3551. Springer, Berlin, Heidelberg. https://doi.org/10.1007/11499923_14
Download citation
DOI: https://doi.org/10.1007/11499923_14
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-26295-4
Online ISBN: 978-3-540-31654-1
eBook Packages: Computer ScienceComputer Science (R0)