Information Technology-Interoperability Issues: The Challenges of Bank Recapitalization and Consolidation
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The recent recapitalization drive of the Central Bank Nigeria (CBN) is aimed
at reshaping the Banking industry where customers and investors can build
some degree of confidence in the system. Out of the eighty nine (89) banks in the
country' only very few of them will be able to weather the storm. Lately there has
been a number of recapitalization drives through the sales of securities while
some took to the option of mergers and acquisitions.
However recapitalization may not be without technological hitches resulting
from the integration of various infrastructures of different banks coming
together. This paper attempts to review the compatibility issues using the Simple
object Access Protocol (SOAP) and the XML-based (Extended Markup
language) integration layer with the aim of proffering solutions at reduced
cost and complexity
Keywords
QA75 Electronic computers. Computer science