It is argued that the conventional focus of business, revenue generation and cost management, is inadequate in the networked economy. This paper suggests a model that extends the current perspective and provides a basis for a more comprehensive approach to financial digitization. Specifically, the e-Finance model is comprised of four components: (1) digital wealth creation, (2) digital wealth collection, (3) digital wealth management, and (4) digital wealth protection. The four components constitute the Create-Collect-Manage-Protect (CCMP) model. Extensions of enterprise application integration (EAI) with CORBA and Web services are presented to demonstrate the value-added implications of a networked approach to business digitization.

Keywords

• Enterprise application integration
• e-Business strategy
• Value creation
• Financial digitization
• Web service

(Virtual Presentation, English)