Authors:Â Parneet Kaur, Anil Kumar Verma, Rajiv Kumar
Abstract: In today’s market, companies in the financial services have a common requirement to handle large amount of information with a high level of security and accuracy and provide on demand services. Innovative technology has been leveraged to endorse progressively complicated network of worldwide financial transactions which is managed by the financial services industry. Service Oriented Architecture (SOA) is becoming a popular access for integrating and designing enterprise applications. SOA enforce business services to deliver well defined services using a set of loosely couple services. Web services intended to be independent building blocks of Service Oriented Architecture. Web services are self contained. It gives a better adjustment to IT with business insight, practical and effective reuse of services, lower cost of development and interoperability.  SOA has it some limitations and internal issues.. In this paper, principles of SOA, benefits, limitations and challenges of SOA are discussed. We develop Currency exchange application based on Simple Object Access Protocol (SOAP).
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