International Standard for the Banking, Brokerage and Insurance Industries

As the standards organization under ISO responsible for the development of all international financial services standards, ISO/TC 68 plays a key role in the development and adoption of new technologies in the banking, brokerage and insurance industries. In this paper many of its current work project...

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Bibliographic Details
Published inThe International journal of advanced culture technology Vol. 2; no. 1; pp. 20 - 24
Main Authors Jung, Yong Gyu, Seo, Weon Joon, Jung, Ga-Woon, Choi, Byeong Cheol, Dollein, Richard
Format Journal Article
LanguageKorean
Published 2014
Subjects
ISO
Banking Service
KS
Financial Facilitation
UN/CEFACT
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Summary:As the standards organization under ISO responsible for the development of all international financial services standards, ISO/TC 68 plays a key role in the development and adoption of new technologies in the banking, brokerage and insurance industries. In this paper many of its current work projects are introduced for developing ecommerce standards. We need to discuss the recommendations on XML conversion with ISO and other international standard organizations. Each country try to adopt the international standards even though domestic technical standards and barriers. To solve this problem of interworking between these standards, harmonization activities are nedded. For development and distribution of electronic documents to be conformed to international standards, it is enough to have the role of international activities continue to supply part of the domestic industry and the trends in participation and international standard.Our principal focus is on facilitating national and international trade, through the simplification and harmonization of processes, procedures and information flows, and so contributing to the growth of global commerce.
Bibliography:KISTI1.1003/JNL.JAKO201425249160488
ISSN:2288-7202
2233-7318