Merrill Lynch has selected IBM and California-based SOA Software to secure and manage Web services projects at the bank.
SOA Software says Merrill Lynch will implement its Service Manager platform, which provides security, monitoring, management and governance of Web services.
The system features a XML VPN which makes it easy for companies to securely publish Web services for their partners. The vendor says the platform also ensures the usability, security and reliability of Web services allowing partners to create new business models.
The project will be managed by IBM Global Services' SOA management practice.
Andy Brown, chief technology architect at Merrill Lynch, says: "The partnership of IBM Global Services and SOA Software will allow us to scale out use of SOA and Web services - technologies that are a strategic cornerstone of our process re-engineering initiatives."