Banks sense urgency on mark-up language

XML-based development becoming increasingly important for financial institutions.

In a place like Hong Kong where conference fatigue can be a very real malady, organisers know theyre onto a winning topic when they can pack a theatre with around 500 eager participants for a morning seminar. What you might find surprising is that Sun Microsystems managed to pull these numbers for a seminar on XML, a topic considered by many to be rather unsexy. XML, for the uninitiated, stands for eXtensible Mark-up Language and is a meta-language for describing data shared between applications.

Y.B. Yeung, assistant general manager and head of IT at HSBC, who spoke at the seminar on New IT challenges in the banking industry estimated that...

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