What is IBM architecture?

The Public cloud infrastructure architecture illustrates the IBM Cloud platform, which can be used to support scalable, secure, and resilient workloads. The infrastructure services include networks, compute, storage, security, and management.

What is a reference data architecture?

A reference architecture describes a family of similar systems and standardizes nomenclature, defines key solution elements and relationships among them, collects relevant solution patterns, and provides a framework to classify and compare.

What is a reference architecture document?

A reference architecture is a document or set of documents that provides recommended structures and integrations of IT products and services to form a solution. The reference architecture embodies accepted industry best practices, typically suggesting the optimal delivery method for specific technologies.

Which type of architecture is used for banking system?

Most often banking systems use Service-oriented architecture (SOA) which refers to the frameworks and processes that enable banking application functionalities to be provided as sets of services relevant to specific business functions.

What is cloud reference model?

The cloud computing reference model is an abstract model that characterizes and standardizes the functions of a cloud computing environment by partitioning it into abstraction layers and cross-layer functions.

What is meant by cloud architecture?

Cloud architecture is the way technology components combine to build a cloud, in which resources are pooled through virtualization technology and shared across a network. The components of a cloud architecture include: A front-end platform (the client or device used to access the cloud)

What is reference architecture diagram?

The reference architecture diagram is a model that represents the current state of infrastructure your solution relies on. For Azure IP solutions, the diagram should also show how your solution uses Microsoft’s cloud services per the technical requirements of IP Co-sell.

What is reference data in banking?

Reference data is a catch all term used in the finance industry to describe counterparty and security identifiers used when making a trade. As opposed to market data the reference data is used to complete financial transactions and settle those transactions.

What is a reference architecture example?

Government reference architectures, for example, the US FEAF or the Australian AGA; Defense architecture frameworks such as NAF, DODAF, and MoDAF; Reference architectures for manufacturing and supply chains such as ISA-95 and SCOR.

What is open banking architecture?

Technically, Open Banking is a collection of standard RESTful APIs (Representational State Transfer – a JSON-based architectural style of web-services) available in the public domain for subscription. Through this platform, banks are exposing services such as Accounts, Payments, Lending and Fund Transfer.

Why software architecture is important in a bank?

These systems can work better with transaction processing and indexing of activities. This allows for high reliability, performance, and the ability to handle a large volume of traffic. These benefits would be very important to a bank system.

What are the parts of reference architecture in cloud computing?

As shown in Figure 1, the NIST cloud computing reference architecture defines five major actors: cloud consumer, cloud provider, cloud carrier, cloud auditor and cloud broker. Each actor is an entity (a person or an organization) that participates in a transaction or process and/or performs tasks in cloud computing.

What is NIST reference model?

NIST Enterprise Architecture Model (NIST EA Model) is a late-1980s reference model for enterprise architecture. It defines an enterprise architecture by the interrelationship between an enterprise’s business, information, and technology environments.

What is NIST cloud computing reference architecture?

The NIST cloud computing reference architecture focuses on the requirements of “what” cloud services provide, not a “how to” design solution and implementation. The reference architecture is intended to facilitate the understanding of the operational intricacies in cloud computing.

What is the role of reference architectures?

The purpose of a Reference Architecture is to be an authoritative source of information about a specific subject area that guides and constrains the instantiations of multiple architectures and solutions [1].

What is meant by reference data?

Reference data is a special subset of master data that is used for classification throughout your entire organization. It can be used in data management to define the characteristics of an identifier. Whether the data is externally mandated or internally authored, it’s unambiguous and non-negotiable.

What is reference data example?

Reference Data Examples Include: Billing information captured to automate invoice processing. A table describing the key entities in retail transaction data. Clean manufacturing and distribution data used to simplify customer’s transactions. The regulation of pharmaceutical by the U.S. Food and Drug Administration.

What is a reference architecture model?

Reference architecture or model provides a common vocabulary, reusable designs, and industry best practices that are used as a constraint for more concrete architectures. Typically, reference architecture includes common architecture principles, patterns, building blocks, and standards.

What are Microservices in banking?

Microservice architecture enables every feature to function as an independent block communicating via language independent APIs. This allows banks to update a particular part of the application without worrying about the dependencies on other features and facilitates building and sustaining an external ecosystem.

What is the difference between open banking and Open finance?

Open finance is believed to be an extension of open banking, allowing third-party data exchange to affect a broader variety of financial goods and services. Unlike open banking, open finance is a much broader concept of data, products, and services, which cover the entire financial sector.

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