Max Dunn

XML is fast becoming an integral part of information management workflows in the financial services industry, and the trend is moving toward even wider adoption. According to the analyst firm ZapThink: The financial services sector spent more than $195 billion on information technology in 2001, with $985 million invested in XML technologies in 2002. Expenditures on XML technologies in the financial services sector will grow to more than $8.3 billion by 2005. XML-based content management and single-source publishing can reduce the total cost of publishing by up to 75%. In the financial services industry, effective information management can make the difference between success and failure. Individual investors, for example, want fast access to the current value of their mutual funds and other investments. They want to access such information via an expanding range o... (more)