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| European Banking & Insurance Fair  The European banking and insurance sector is being shaped by increasingly intense competition. Companies aiming to remain successful in this environment must take steps early on to ensure that they remain competitive. At the same time, the constant stream of new legal requirements such as SEPA or MiFID means that IT systems must be adapted at regular intervals. Also of great importance are powerful IT solutions such as CRM systems, which are now absolutely vital for the major financial players. Decision-makers in the financial sector can find the latest IT solutions at the tenth European Banking & Insurance Fair (E.B.I.F.), which will take place in Frankfurt from 20 to 22 November 2007.It is an endless cycle: the need to technically implement the latest legal requirements, to develop product innovations or to create new sales channels means that banks are continually faced with new challenges necessitating the use of IT. Process integration and automation is growing in significance. Particularly in today's financial environment, modern IT solutions such as Service-Oriented Architecture (SOA) are vital for combining and speeding up the numerous processes. Here, the modular principle ensures that all kinds of software concepts can be integrated with maximum efficiency. Although SOA is already seen as the technology of the future, many financial institutes are still dragging their heels in implementing it. Sales-oriented software or new core banking systems also form part of the main focus of Europe's largest technology trade fair for banks and insurance companies. write your comments about the article :: © 2007 Exhibition News :: home page |