Infoworld carries an article of how the fourth largest bank in the U.S.,is using/planning on leveraging SOA to "make a difference".

"Rock the boat, change everything, and build a multihundred million dollar, end-to-end, services-oriented development and delivery platform, backed by a business-focused, product management culture in IT." Is thier answer to the question "how do you use technology to leapfrog the competition?"

Susan Certoma is the CIO of Wachovia's $6 billion Corporate and Investment Banking (CIB) division recruited in 2004.

The big Bang Approach to SOA:
Wachovia's CIB division opted for a ubiquitous services architecture to support the innovation and efficiency it needed to catch competitors.

"This was a great opportunity for Wachovia," Certoma says. "This is a very large business growing rapidly, but with not so much entrenched legacy that you couldn't take a vision and platform to a whole new level."

To help realize that vision, Certoma hired Tony bishop as senior vice president and director of product management. Bishop already learned a lot building SOA platforms for financial services. "IT needs to be flexible, adaptable, scalable," Bishop observes. "It can't just be about modeling my business processes as a system. It has to be holistic."

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Prashanth Rai