One of the basic challenges of XML developers is formulating best practices
and design guides for defining their XML content. This is especially
pervasive in industry communities, which is why there has been a growth of
community-based XML specifications and standards.
In the financial industry, the Interactive Financial eXchange (IFX) Forum has
been working for over seven years to develop a business message specification
to satisfy the need for a community vocabulary and messaging specification in
the retail and commercial banking arenas. But IFX is much more than just a
community vocabulary. IFX provides design rules and a framework to
successfully achieve consistency and interoperability, within a bank and
between a bank and other entities.
About the IFX Forum
The IFX Forum is a nonprofit, market-driven organization comprising financial
service institutions, serv... (more)
One of the basic challenges of XML developers is formulating best practices
and design guides for defining their XML content. This is especially
pervasive in industry communities, which is why there has been a growth of
community-based XML specifications and standards. In the financial industry,
the Interactive Financial eXchange (IFX) Forum has been working for over
seven years developing a business message specification to satisfy the need
for a community vocabulary and messaging specifica-tion in the retail and
commercial banking arenas. But IFX is much more than just a commun... (more)