WAKEFIELD, Mass.–(EMWNews)–The President of the Interactive Financial eXchange (IFX; http://www.ifxforum.org)

Forum, Richard P. Urban, was invited to lead off a panel on the subject

of “Coop-etition” at ANSI’s Open Forum for Standards Developers, held

June 24-25 in Washington, DC. His presentation was entitled

“Service-Oriented Standards Development.”

The IFX Forum is an international not-for-profit industry association

whose mission is to develop IFX and promote its adoption as an open,

interoperable standard for financial data exchange.

ANSI (American National Standards Institute; http://www.ansi.org/)

hosts the annual gatherings to foster open exchange between and among

standards developing organizations (SDOs) and other stakeholders. More

than 80 people attended this year’s event, representing 65 SDOs,

consortia and other groups, industry, government and consumers.

In his remarks, Urban emphasized the strong parallels between product

development and standards development. He noted that there is thus a

natural tendency towards competition –

especially for members’ time, money and

commitment — and that all are proud of their products and

organizations. He stressed that of necessity SDOs must form alliances to

properly service all the needs of those who might adopt their standards.

A constructive way to approach the market is to agree on where different

organizations serve “islands of needs”

and concentrate on building bridges between those islands. In other

words, organizations should adopt a service-oriented approach to

“coop-etition.” Urban pointed out that the IFX Forum has always employed

a service-oriented approach, and that the Forum has actively pursued

cooperative arrangements with others in the standard-setting marketplace.

“I’m grateful to the ANSI leaders for their welcome and support,” said

Urban. “I am also gratified that they and others referred back to my

remarks throughout the two-day event to reinforce their own

perspectives. I’m pleased to think that my ideas struck a chord, and

could influence future collaborations.”

Links to Urban’s presentation and others delivered at the event can be

found at http://www.ansi.org/meetings_events/events/

OpenForum08_proceedings.aspx?menuid=8.

(Due to its length, this URL may need to be copied/pasted into your

Internet browser’s address field. Remove the extra space if one

exists.)

About the IFX Forum

Founded in 1997, the Interactive Financial eXchange (IFX) Forum is an

international not-for-profit industry association whose mission is to

develop IFX and promote its adoption as an open, interoperable standard

for financial data exchange, suitable for use by all sectors of the

financial services industry. The IFX Forum also promotes

interoperability of industry standards by working cooperatively with

other standards organizations and consortia.

Forum membership is open to organizations interested in contributing to

the development of open financial standards. Forum members include

financial institutions, hardware, software and service firms, and

related non-profit groups. The IFX Forum is currently organized into the

following Working Groups: ATM/POS; Branch Banking Services; Business

Banking; Electronic Bill Presentment & Payment; and Web Services. IFX

Forum Working Groups, in concert with an Architecture Committee to

coordinate their efforts, develop open Internet-compatible messages for

all sectors of the financial services industry. To learn more about IFX

Forum standards or the benefits of IFX Forum membership, please visit http://www.IFXForum.org.

Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89

Get Unlimited Organic Website Traffic to your Website 
TheNFG.com now offers Organic Lead Generation & Traffic Solutions