Celent Research Predicting 60% Global Adoption of IFX by 2009 Now Available from IFX Forum Web Site.IFX IFX - ["Type Reconstruction with First-Class Polymorphic Values", J. O'Toole et al, SIGPLAN Notices 24(7):207-217 (Jul 1989)]. Adoption Trends, Benefits, and Implementation Examples Included WAKEFIELD, Mass. -- A research report entitled "The IFX Standard: Global Adoption Is Only a Matter of Time," published by analyst firm Celent, is now available for download at no charge from the Interactive Financial eXchange (IFX) Forum Web site, www.ifxforum.org. The IFX Forum is a not-for-profit standards organization A standards organization, also sometimes referred to as a standards body, a standards development organization or SDO (depending on what is being referenced), is any entity whose primary activities are developing, coordinating, promulgating, revising, amending, working to develop a robust framework for the electronic business-to-business exchange of data among financial service institutions around the world. Celent is a research and consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a focused on the application of information technology in the global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry, www.celent.com. The IFX specification enables financial transactions through Web Services-type interfaces, providing the ability to exchange financial data regardless of technology platform. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the report's authors, Isabella Fonseca and Neil Katkov, the standard is well-positioned to become widely used within the financial services industry in a relatively short time: by 2009. The report examines the potential of IFX to enhance interoperability between systems, lower development costs, increase the speed to market of new products and services, and reduce the burden of maintaining numerous systems and hardware. Banks have been evaluating when to adopt this technology. Said Richard Urban, IFX Forum President: "We are hopeful that the wide availability of the information and professional observations in the Celent report will help to speed adoption of IFX in the industry worldwide, and we are very grateful to Celent for the permission to distribute this material." The 28-page report provides an overview of the IFX standard, its potential benefits in the financial services industry, and the drivers and barriers to adoption. The report, including a number of tables and figures, also surveys IFX adoption trends in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, and the Asia Pacific region, and presents implementation examples from each of these geographical areas. About the IFX Forum Membership in the IFX Forum is open to anyone interested in contributing to the development of open financial standards that harness the power of XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. . The IFX Forum is currently organized into the following Working Groups: ATM/POS; Branch Banking Services; Business Banking; Electronic Bill Presentment See EBPP. & Payment; and Web Services. 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 IFX Forum standards or the benefits of IFX Forum membership, please visit www.IFXForum.org. |
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