Microsoft Launches Financial Services OBA Component Library

Microsoft has launched its Financial Services Office Business Applications Component Library to help financial firms in creating applications built on the 2007 Microsoft Office system.

Microsoft claims that the Financial Services Office Business Applications (OBAs) are composite applications built upon the 2007 Microsoft Office system, utilizing the interfaces of Microsoft Office products and connecting to additional Microsoft technologies or other back-office systems.

The company also claims that the Financial Services OBA Component Library provides interoperability through web services.

Mike Walker, architecture strategist for the worldwide financial services group at Microsoft, said: “The OBA Component Library gives firms a head start toward developing solutions by providing real-world scenarios that illustrate how new business applications can be built, and existing systems improved, using Microsoft Office technologies to overcome common challenges.”