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XML and Siebel Financial Services eAI

Commercial transactions have always consisted of an exchange of goods and services, and an exchange of documents. EXtensible Markup Language (XML) allows us to implement the exchange of documents electronically. XML is essentially a platform-neutral data format that makes it possible to send messages across heterogeneous systems. Business messaging based on XML is one of the most effective ways to adapt existing application software to support external internet applications. Models are needed for integration because you must specify the structure and content of the message. Without a business content, XML is purely an empty shell.

XML provides data interchange that includes industry-specific formatting, vendor-neutral data exchange, global data exchange, language-neutral, and others. Siebel Financial Services eAI developed an infrastructure that supports the development of industry XML connectors to send, parse, and receive XML that supports different industry standards. XML assists trade to happen between different people—especially international trade because it provides common vocabularies. However, these standardized XML tags across industries are very different. Some industry groups are defining interfaces and services that could be used by industries. For example, insurance has ACORD and banking has IFX.

Siebel Financial Services eAI aimed to provide support for generic requirements across industry XML standards in order to support various Financial Services industry XML standard extensions. Siebel Financial Service eAI goal is to pinpoint the similarities among industry XML standards and thus develop and implement certain infrastructure that supports the development of industry XML connectors implement certain XML standards and messages. In the effort of providing this open infrastructure, several sets of connectors are built based on the standards emerging key roles in the financial services industry. In order to support various financial services industry standards, Siebel Financial Services eAI provides a generic connector called Industry XML Connector, which is the base connector for Siebel prebuilt connectors and Siebel Industry XML Connector Factory classes.

NOTE:  Other industry XML standards can be supported by using various prebuilt Siebel connectors or implementing Siebel Industry XML Connector Factory APIs. For details, see Industry XML Connector Factory APIs and individual prebuilt Siebel Connector guides.

Generally the focus of companies integrating disparate applications are in two areas:

 Siebel Financial Services eBusiness Application Integration Guide 
 Published: 18 April 2003