ISO Focus - July/August 2007

Enabling e-business

ISO Focus, July/August 2007

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E-business has generated a commercial and financial revolution. Institutions and customers increasingly rely on the speed, efficiency, comfort and cost reduction provided by technology. The July/August ISO Focus examines the role of standardization in e-business – as it provides the vital framework for e-commerce, and in particular as it applies to the financial services industry. A collection of articles will explore how international standards can enhance the advantages of e-business, while mitigating its risks.

The issue highlights ISO’s work on financial services in commerce, industry and administration. It looks at issues like the migration of paper-based systems to an electronic environment, protection of personal financial information, risk analysis and harmonization of global message standards. Additionally the role of standards in the management of securities and regulations is highlighted.

What's more, Marc Carletti, CEO of Telekurs Financial, highlights the company's commitment to standards development and the benefits of International Standards that truly serve the needs of the global market. “The financial industry is a major user of ISO standards. Who could imagine today’s financial community functioning without using International Securities Identifying Numbers (ISINs)?”

Read more about the e-business revolution and the vital role that standardization plays in promoting this global trend in the July/August issue of ISO Focus.

Comment

Robert Blair
Vice Convenor of the Payment Standards Evaluation Group (SEG) of ISO/TC 68
Increasingly gloabl e-business

Guest View

Marc Carletti
CEO Telekurs Financial Information Ltd

"The financial industry is a major user of ISO standards."

Main Focus

Enabling e-business

Working together for interoperability – The MoU on e-business standards
Standardization to combat money laundering and terrorism
SWIFT – Secure and reliable message exchange between banks and other financial institutions
ISO develops PIN standards to prick purchasing fraud bubble
A foundation for e-engineering and e-commerce
UN/CEFACT and ISO – cooperation for the common good
ebXML – Cutting costs and simplifying processes for business
Regulation and standards development in payments
Securing an e-business world
ISO standard offers iron-clad protection for financial services