WEb Services Standards for Financial Service

WEb Services Standards for Financial Service

Achieving Sustainable Business Benefits with Web Services Standards Patrick Gannon President & CEO XML Web Services Symposium Web Services Initiative - Japan San Francisco, 28 February 2005 Open Standards for Building Automation Vision for Service Oriented Architecture Business Benefits from Open Standards

Key Directions in Web Services Standards What your company can do Vision for Future Global eBusiness built on a Service Oriented Architecture The Dawn of a New Era Built on Service Oriented Architecture Vision of a Service-Oriented Architecture

A place where services are ubiquitous and organically integrated into the way we think and work. A place where both users and providers of information interact through a common focus on services. A world where technology is implemented within industry frameworks that operate on a global scale, enabled by open, interoperable standards. A Common Web Service Framework Is Essential

To provide a sustainable foundation, That will allow end-user companies to achieve the payback they require, To invest widely in the service-oriented architecture. Achieving Sustainable Business Benefits through a Open Standards for Web Services In this post-dot-com era, end user companies are expecting more liquidity and longevity of their assets. To achieve the ROI, Cost Reduction and Service Expansion benefits expected; the widespread deployment of standards-based Web services is essential.

Fundamental Issues that Must Be Addressed A common framework for Web service interactions based on open standards must occur. An agreed set of vocabularies and interactions for specific industries or common functions must be adopted. Business Benefits for Open Standards Why do standards matter? ROI for e-commerce

Normalizing data, processes and users costs time and money ROI can come from operational savings and outweigh the costs, if those savings are stable and persistent This requires Stable versioning Reliable, fixed terms of availability (some protection against withdrawal or embrace-and extend)

INTEROPERABLE standards CONVERGING standards What is an Open Standard? An open standard is: publicly available in stable, persistent versions developed and approved under a published, transparent process open to public input: public comments, public archives, no NDAs subject to explicit, disclosed IPR terms See the US, EU, WTO governmental & treaty

definitions of standards Anything else is proprietary: Delphi Group Research on the Value of Open Software Standards Greatest benefit to support open standards Increases the value of existing and future investments in information systems Provides greater software re-usability Enables greater data portability Factors driving participation in standards

Vendor neutral environment Access to a community of developers Membership comprised of both end-users and software developers Open Standards Process: Essential to WS Adoption

Enables collaboration Assures fairness Provides for transparency Embraces full participation Ensures a level playing field for all Prevents unfair first-to-market advantage for any one participant Meets government requirements Standard Adoption To be successful, a standard must be used Adoption is most likely when the standard is

Freely accessible Meets the needs of a large number of adopters Flexible enough to change as needs change Produces consistent results Checkable for conformance, compatibility

Implemented and thus practically available Sanction and traction both matter Leading the Adoption of Web Services Standards OASIS Mission OASIS drives the development, convergence and adoption of e-business standards.

Current Members Software vendors User companies Industry organisations Governments Universities and Research centres Individuals And co-operation with other standards bodies OASIS Members Represent the

Marketplace OASIS Member Organizations Users & Influencers 35% Government & University 15% Technology Providers 50% International Representation Total OASIS Members - 2000 4% 13%

83% Asia-Pacific Europe North America Total OASIS Members - 2004 11% 66% 23% Asia-Pacific Europe North America

OASIS is a member-led, international non-profit standards consortium concentrating on structured information and global e-business standards. Over 650 Members of OASIS are: Vendors, users, academics and governments Organizations, individuals and industry groups Best known for web services, e-business,

security and document format standards. Supports over 65 committees producing royaltyfree and RAND standards in an open process. Key Directions in OASIS Standards for Web Services Approved OASIS Standards for Web Services UDDI: Universal Description, Discovery & Integration WSRP: Web Services for Remote Portlets

Standardizing the consumption of Web services in portal front ends. WS-Reliability Defining a standard method for enterprises to dynamically discover and invoke Web services. Establishing a standard, interoperable way to guarantee message delivery to applications or Web services. WSS: Web Services Security Delivering a technical foundation for implementing integrity and confidentiality in higher-level Web services applications.

www.oasis-open.org UDDI: The Registry Standard Service Oriented Business Services OASIS UDDI Specification Technical Committee What is UDDI 1. SW companies, standards bodies, and programmers populate the registry with descriptions of different types of services 2. UDDI Business Registry

Businesses populate the registry with descriptions of the services they support Business Registrations 3. Service Type Registrations 4. Marketplaces, search

engines, and business apps query the registry to discover services at other companies 5. UBR assigns a programmatically unique identifier to each service and business Business uses this data to facilitate registration easier integration with each other over the Web The Registry Standard for Service Oriented Business Applications Universal Description, Discovery and

Integration UDDI - a specification of UDDI v2 OASIS Standard: 2002 UDDI v3 OASIS Standard: 31 Jan 05 Broad vendor and enterprise adoption APIs for publishing and searching for business services and

service descriptions, and subscribing to changes to these A data model with built-in metadata extensibility to characterize business services according to enterprise needs The registry standard for visibility and reuse of SOBA components The registry standard for an adaptive enterprise dynamic discovery and binding to SOBAs The service, service definition and metadata hub for SOBAs Developers Reuse services Business Analysts Visibility of Business Service Portfolio Administrators Manage Business Services

Using a UDDI Registry Publish Service and Service definitions UDDI Registry WSDL WSDL WSDL Points to service description Points to service Find service, its description and its capabilities and constraints

Applications .NET, Java, ISV Runtime Binding Service Consumer Publish service metadata SOAP Communicates XML Messages Business Service www.oasis-open.org WSRP: Web Services for

Remote Portal OASIS WSRP Technical Committee WSRP Goals Enable the sharing of portlets (markup fragments) over the internet with a common interface => Cross vendor publishing and consuming of Client Browser content Visual Component Pool Internet V1 goal => aggregating content Client Text processor Client Portal

www.oasis-open.org WSDM: Web Services for Distributed Management OASIS WSDM Technical Committee OASIS WSDM TC Specifications Management USING Web Services (MUWS) Management applications on a Web services platform Web services to describe and access

manageability of resources Management OF Web Services (MOWS) An implementation of Management Using Web Services for the Web Service as the IT resource OASIS Web Services Infrastructure Work 14+ OASIS Technical Committees, including: ASAP: Asynchronous Service Access Protocol Enabling the control of asynchronous or long-running Web services. WSBPEL: Business Process Execution Language Enabling users to describe business process activities as Web

services and define how they can be connected to accomplish specific tasks. WS-CAF: Composite Application Framework Defining an open framework for supporting applications that contain multiple Web services used in combination. WSDM: Distributed Management Defining Web services architecture to manage distributed resources. OASIS Web Services Infrastructure Work WSN: Notification

Advancing a pattern-based approach to allow Web services to disseminate information to one another. WSRF: Resource Framework Defining an open framework for modeling and accessing stateful resources. Standardizing Web Services Implementations For communities and across industries: ebSOA: e-Business Service Oriented Architecture Advancing an eBusiness architecture that builds on ebXML and other Web services technology. SOA-RM: Service Oriented Architecture Reference Model.

Delivering a Reference Model to encourage the continued growth of specific and different SOA implementations whilst preserving a common layer that can be shared and understood between those or future implementations. FWSI: Framework for WS Implementation Defining implementation methods and common functional elements for broad, multi-platform, vendor-neutral implementations of Web services for eBusiness applications. oBIX: Open Building Information Xchange Enabling mechanical and electrical systems in buildings to communicate with enterprise applications. Translation WS

Automating the translation and localization process as a Web service. Security for Web Services Most e-business implementations require a traceable, auditable, bookable level of assurance when data is exchanged IT operations demand transactional level of reliable functionality, whether its an economic event (booking a sale) or a pure information exchange Dealings between divisions often need security and reliability as much as deals between companies

Approved OASIS Standards for Security AVDL: Application Vulnerability Standardizing the exchange of information on security vulnerabilities of applications exposed to networks. SAML: Security Services Defining the exchange of authentication and authorization information to enable single sign-on. SPML: Provisioning Services Providing an XML framework for managing the allocation of system resources within and between organizations.

XACML: Access Control Expressing and enforcing authorization policies for information access over the Internet. XCBF: Common Biometric Format Providing a standard way to describe information that verifies identity based on human characteristics such as DNA, fingerprints, iris scans, and hand geometry. WSS: Web Services Security Advancing a technical foundation for implementing integrity and confidentiality in higher-level Web services applications. OASIS Security Work

DSS: Digital Signature Services Defining an XML interface to process digital signatures for Web services and other applications. PKI: Public Key Infrastructure Advancing the use of digital certificates as a foundation for managing access to network resources and conducting electronic transactions. WAS: Web Application Security Creating an open data format to describe Web application security vulnerabilities, providing guidance for initial threat and risk ratings. Web Services security

Most e-business implementations require a traceable, auditable, bookable level of assurance when data is exchanged IT operations demand transactional level of reliable functionality, whether its an economic event (booking a sale) or a pure information exchange Dealings between divisions often need security and reliability as much as deals between companies Security: function by function

Identity authentication Encryption and protection against interception Control of access and authority Identity authentication The latest e-business security standards implement the next generation of identity deployment In the 1990s, PKI assumed a universal network of official certification authorities Newer federated / distributed identity models permit identity certification to be decentralized and shared among service providers and existing registrars SAML

WS-Security XCBF Encryption and protection against interception & intrusion A key problem with encrypted messages travelling over a shared or public network: if you encrypt the wrong bits, it doesnt arrive, or the recipient cant process it DSS PKI TC Shared and automated methods for managing security require a shared vocabulary about security weaknesses and risks

AVDL WAS Control of access and authority In transactional information exchanges, you often must apply access lists, directories of recipients, levels of authority, and

access policies So that you know who gets what, and who should get it XACML SPML What should your company be doing? Reducing Risk in new e-business technologies Avoid reinventing the wheel

Influence industry direction Stay current with emerging technologies Ensure consideration of own needs Realize impact of interoperability and network effects Reduce development cost & time save development on new technologies share cost/time with other participants

What can your company do? Participate Understand the ground rules Contribute actively Or Be a good observer In any case Make your needs known

Use cases, functions, platforms, IPR, priorities, availability, tooling Be pragmatic: standardization is a voluntary process Business Benefits of Participation in OASIS Membership Benefits Influence Information

Participation Education Co-ordination Creadibility Visibility

Openess OASIS Value Sanction x Traction = Adoption Ten years demonstrated success Neutral and independent Technical and procedural competence

Worldwide visibility and outreach Close coordination with peer standards organizations on a global level Relevance, Openness, Implement-ability Contact Information: Patrick Gannon President & CEO [email protected] org +1.978.761.3546

www.oasis-open.org www.xml.org www.xml.coverpages.org

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