Radu Constantinescu

An Analysis of the Romanian Internet Banking Market from the Perspective of Cloud Computing Services

Abstract The Internet banking today is not something new anymore; all the banks in the Romanian market (and not only) are offering different forms of Internet banking which is ultimately a service in the cloud. In terms of cloud computing, Internet banking represents SaaS for the users, an application which uses Internet for making payments, viewing information, making deposits and so on. In this paper we briefly analyse the Romanian Internet banking market and compare some of the most popular Internet banking platforms. We will also draw some conclusions about this market in the context of the new Cloud computing delivery models.

Architecturing a Financial Services Transaction Engine

As mobile devices has become widely used, there is also an increasing economic interest in frameworks for service and product payment directly from mobile devices. Such a framework involves software applications running on the device itself. More importantly, the framework involves a flexible back-end in order to cover the wide range of possible transactions. The back end solution proposed in this paper consists in a generalized transaction engine which operates on abstract operations. The construction of the engine involves in the first stage the identification of the possible actors and operations which the system must support and in the second stage the formalization of a possible architecture for the engine itself.