The banking and
financial sectors have experienced dramatic growth and variety
of business models since its inception years and-years ago –
i.e., from commodity exchanges, simple and small loan offices,
mortgage writers, saving and loan, brokerage firms, asset management
firms to Wall Street and hedge fund giants. With time passing
by, contract transactions and executions progressed from paper
mail, telegram, fax/wire, to a push of a button. Not a long
time ago, diverse markets and growing number of businesses sparked
a fierce competition between businesses. Many businesses are
still using limited-tool applications, IT and Telecommunication
equipments that run on and new and legacy networks. With millions
of transactions executed daily, this creates a major dilemma
and bottleneck for many businesses, resulting in revenue loss
at the end of the day.
