Data-driven programming interfaces and mapping tools are handling the lack of standardization today. At the moment, there are three models for distributed objects that are competing to become the industry standard namely Microsoft COM, Corba and JavaBeans. In Finance KIT, there has been a Windows NT client since version 4.1. The Microsoft NT server technology has been tested to assess its suitability for complex, real-time use. The history of software development from the 1970 s through to the 1990 s, combined with the technology race and commercial pressure leading to quick and dirty solutions has led to a number of problems for many financial institutions.
Many banks still have so many systems that integration is a nightmare.
Spaghetti style links predominate between physically unrelated components. Applications supplying exposure information, static data, transaction flows and business functions need to be seamlessly linked. The problem with interfaces is not only the physically dependence between systems but also converting data cleanly and accurately from one format into another. Organizations need to look at their total system needs and find an integrated solution that meets all of them. Institutions require packaged solutions that are easy to interface into their existing systems.