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Professional Banker Magazine:
Grid Computing Technology and Applications in the Banking Sector
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The term `grid computing', coined in the mid-1990s, was originally proposed to denote a distributed computing system that would provide computing services on demand, just like conventional power and water grids. It coordinates resources that are not subject to centralized control using standard, open, general-purpose interfaces and protocols to deliver non-trivial qualities of service.

 
 
 

Web services builds on SOAP, taking it to the next level by adding a process and a set of protocols those businesses can use to find each other and interact over the Web, instead of over re-established networks. Web services provide a framework for communication across the Web.

Web services depend on technologies including XML, SOAP, UDDI and WSDL (Refer Figure 1). UDDI is a protocol for describing web services components that allows businesses to register with an Internet directory so that they can advertise their services and companies can find each other and carry out transactions over the Web. WSDL is built around an XML-based service interface definition language that defines both the service interface and the implementation details. WSDL details may be obtained from UDDI entries that describe the SOAP messages needed to use a particular Web service. Extensible Mark-up Language (XML) is a simple data description language with profound implications. XML is a combination of tags and content in which the tags add meaning to the content.

 
 
 

Professional Banker Magazine, Grid Computing Technology, Banking Sectors, Web Services, Extensible Mark-up Language, XML, SOAP Messages, Communication Units, Simple Object Access Protocol, SOAP, Web Services Description Language, WSDL, Mobile Banking, Business Enterprises, Banking Applications.