An Object-Oriented Approach to Banking Information Systems

Financial institutions like banks make extensive use of information systems and information technology, but they are risk-averse and slow to adopt new technology. In this paper, we explore how the new paradigm of object-oriented analysis and design can be used to advantage in banking information systems. We identify the similarities among the different financial instruments offered by banks and then exploit these similarities in a proposal for an object-oriented approach to banking information systems. We discuss the need for a migration strategy to minimize the risk of adopting the new technology