{"title":"Advanced data integration in banking, financial, and insurance software in the age of COVID-19.","authors":"Moinak Maiti, Darko Vuković, Amrit Mukherjee, Pavan D Paikarao, Janardan Krishna Yadav","doi":"10.1002/spe.3018","DOIUrl":null,"url":null,"abstract":"<p><p>This study contributes to our understanding of how the emergence of the COVID-19 pandemic changes the global Banking Financial Services and Insurance (BFSI) landscape. Before the COVID-19 pandemic, BFSIs corporate strategy was solely aligned to the quest for operational efficiency. However, during the ongoing COVID-19 pandemic, global BFSIs are forced to adopt digital transformation in their operations due to a rise in transaction volumes. The ongoing COVID-19 pandemic already triggers holistic innovations concerning the global BFSI's product, process, concept, trend, or idea. Thus, the BFSI cannot survive without efficient and innovative system software for global operations. The study plots the hype cycle to identify relevant technologies to deal with real-world business problems. The hype cycle indicates that the need for advanced data integration is growing and COVID-19 pandemic has already triggered it. The study argues that the incorporation of data integration might be challenging initially for BFSIs but eventually it may result in an efficient model to handle these types of pandemic or unexpected circumstances.</p>","PeriodicalId":49504,"journal":{"name":"Software-Practice & Experience","volume":"52 4","pages":"887-903"},"PeriodicalIF":2.6000,"publicationDate":"2022-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8441732/pdf/SPE-52-887.pdf","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Software-Practice & Experience","FirstCategoryId":"94","ListUrlMain":"https://doi.org/10.1002/spe.3018","RegionNum":4,"RegionCategory":"计算机科学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"2021/8/15 0:00:00","PubModel":"Epub","JCR":"Q2","JCRName":"COMPUTER SCIENCE, SOFTWARE ENGINEERING","Score":null,"Total":0}
引用次数: 0
Abstract
This study contributes to our understanding of how the emergence of the COVID-19 pandemic changes the global Banking Financial Services and Insurance (BFSI) landscape. Before the COVID-19 pandemic, BFSIs corporate strategy was solely aligned to the quest for operational efficiency. However, during the ongoing COVID-19 pandemic, global BFSIs are forced to adopt digital transformation in their operations due to a rise in transaction volumes. The ongoing COVID-19 pandemic already triggers holistic innovations concerning the global BFSI's product, process, concept, trend, or idea. Thus, the BFSI cannot survive without efficient and innovative system software for global operations. The study plots the hype cycle to identify relevant technologies to deal with real-world business problems. The hype cycle indicates that the need for advanced data integration is growing and COVID-19 pandemic has already triggered it. The study argues that the incorporation of data integration might be challenging initially for BFSIs but eventually it may result in an efficient model to handle these types of pandemic or unexpected circumstances.
期刊介绍：
Software: Practice and Experience is an internationally respected and rigorously refereed vehicle for the dissemination and discussion of practical experience with new and established software for both systems and applications.
Articles published in the journal must be directly relevant to the design and implementation of software at all levels, from a useful programming technique all the way up to a large scale software system. As the journal’s name suggests, the focus is on practice and experience with software itself. The journal cannot and does not attempt to cover all aspects of software engineering.
The key criterion for publication of a paper is that it makes a contribution from which other persons engaged in software design and implementation might benefit. Originality is also important. Exceptions can be made, however, for cases where apparently well-known techniques do not appear in the readily available literature.
Contributions regularly:
Provide detailed accounts of completed software-system projects which can serve as ‘how-to-do-it’ models for future work in the same field;
Present short reports on programming techniques that can be used in a wide variety of areas;
Document new techniques and tools that aid in solving software construction problems;
Explain methods/techniques that cope with the special demands of large-scale software projects. However, software process and management of software projects are topics deemed to be outside the journal’s scope.
The emphasis is always on practical experience; articles with theoretical or mathematical content are included only in cases where an understanding of the theory will lead to better practical systems.
If it is unclear whether a manuscript is appropriate for publication in this journal, the list of referenced publications will usually provide a strong indication. When there are no references to Software: Practice and Experience papers (or to papers in a journal with a similar scope such as JSS), it is quite likely that the manuscript is not suited for this journal. Additionally, one of the journal’s editors can be contacted for advice on the suitability of a particular topic.
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