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Design considerations for financial institution intelligent networks

Posted on:2005-08-25Degree:Ph.DType:Dissertation
University:City University of New YorkCandidate:Goldburt, NaumFull Text:PDF
GTID:1459390008494230Subject:Computer Science
Abstract/Summary:
Financial Institution Intelligent Network (FIIN) were constructed as Intelligent Peripheral (IP) with entire Intelligent Network (IN) architecture specifically designed for routing and transmission of financial messages in context of Advanced Intelligent Network (AIN).; Intelligent Peripheral adaptive infrastructure with accumulated intelligence can accommodate the specific needs of financial industry with corporate electronic banking. FIIN offers a single window to the world of networks and makes the network selection process transparent to its applications. FIIN provides network services to connect to the variety of the highly specialized financial networks such as SWIFT, FedWire, CHIPS, CHAPS, TARGET, BoJNet. Federal (or state-owned) banks and Clearing Houses offer country-mandatory and currency-specific proprietary networks whereas SWIFT provides the international network that become de-facto standards for respective financial institutions worldwide.; All AIN basic building blocks are employed in conjunction with FIIN messaging systems: Message Switching Point (MSP), Message Transfer Point (MTP), Message Control Point (MCP). Described Message Control System (MCS) that monitors message flows within FIIN and between FIIN and AIN components. Shown protocols between MCS and SS7, links between MTP and Service Transfer Point (STP) of AIN. Demonstrated MCS separation of data from control information, namely financial messages are processed separately from system messages, secret keys, certificates, confirmations, acknowledgments.; Location (x) and application (y) independence allows easy adoption of new services and products (Service Creation Environment) anywhere anytime. Four application sub-layers simplify the message flow architecture providing for highly flexible prioritization mechanism using queuing models.; FIIN communicates with retail and wholesale business customers in any combination between Business (B) and Financial institution (F): BY, F2F, B2B.; FIIN is successfully implemented for a major bank. Described functionality of a real FIIN system.
Keywords/Search Tags:FIIN, Financial, Intelligent network, Institution, AIN
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