Component design, integration and service transformation in financial industry

Componentisation is the first step in component-based service design; this paper identifies component in business, service and physical layers to build up the alignment and inter-layer interoperability. Related research of this paper is service virtualisation, which is the final stage in service provisioning. This research paper reviews existing literature and uses examples in the industry to demonstrate how services are derived from business components, and how they are designed and produced in achieving service virtualisation. This paper also reviews recent literature in component-based implementation and uses example from the financial industry to review the design process for component-based service virtualisation. © 2007, Inderscience Publishers.