Financial Services

Straight-Through Processing (STP) using Service-Oriented Architecture (SOA)

integrate systems to reduce time-to-market
decrease operating costs
improve accuracy of transactions
address regulatory and compliance requirements

Artix Data Services | Datasheet | White Papers | Webcast

Today's large financial institutions are comprised of many lines of business including retail and wholesale banking, investment services, trading operations and insurance. These lines of business have front, middle and back office systems which are highly customized to meet the needs of the business. Financial institutions are constantly challenged to integrate these systems to reduce time-to-market of new services, decrease operating costs, improve accuracy of transactions, and implement features to address regulatory and compliance requirements. To do this effectively and deliver on the promise of straight-through processing (STP), firms are leveraging service-oriented (SOA) technologies creating an agile and scalable IT infrastructure.

For more than 85% of the world's largest financial services organizations, IONA provides software that solves complex integration problems and ensures money and information move quickly and accurately. IONA's products and services facilitate the automation of financial service processes using distributed computing technologies designed to streamline, modernize and lower operating costs of existing and future IT investments.

SWIFTNet FIN Services
New business requirements are putting pressure on IT to automate and modernize SWIFTNet FIN systems. A better way is needed to develop, maintain and validate mission-critical SWIFTNet FIN messages.

SWIFTSolutions Initiatives
For new revenue generating services, IT needs to efficiently support multiple financial messaging standards such as SWIFTNet Funds and SWIFTNet FpML.

OTC Derivatives Straight Through Processing [STP]
For the clearing and settlement automation of complex derivatives across exchanges, utilities and partners, thereby eliminating the risks and delays of faxing orders and confirmations, firms requires tools for integrating middle and back office systems with support for DTCC Deriv/SERV, FpML, SwapsWire, and SWIFTNet FpML standards.

Payments Modernization
For banks, infrastructure providers and corporates who need to update legacy financial payment messaging systems, supporting the new SEPA initiatives along with other standards such as SWIFTNet FIN and ISO20022/UNIFI, Artix facilitates the coexistence and convergence of multiple messaging standards making it easy to model, test and deploy reusable payment services.

Interface Simulation
Catch errors in integrated financial applications earlier by safely testing individual services before deployment. The Interface Simulation and Testing Framework (ISTF) simulates the interfaces of services for simplified testing to dramatically reduced the time, effort and costs of application development.

Financial Customers

Leading financial institutions such as Credit Suisse, Zurich Financial, Reuters, and UBS are turning to IONA Artix, a distributed, technology-neutral and standards-based SOA infrastructure suite.

Customer	Description	Details
	ABN AMRO Bank created a flexible infrastructure to build mobile communications, multimedia applications, transaction-based systems, and a new generation of network applications with IONA and Orbix.	- Summary
	A leading North American custodian with over $2 trillion in client assets turned to IONA Artix Data Services to automate their corporate actions business processes, establishing a reusable data services architecture that reduced the risk of failures and shortened the time to market for new corporate action notifications.	- Full Case Study
	A central bank providing clearing and settlement services between member banks streamlined their Real-Time Gross Settlement (RTGS) system with IONA Artix Data Services improving data quality and significantly reducing SWIFTNet FIN development and maintenance.	- Full Case Study
	Britannia chose IONA and uses Orbix for communication between the client and application server because creating flexible, reusable services allows Britannia to offer a wider variety of financial products to their growing customer base.	- Summary
	DZ Bank is a global commercial bank that selected IONA's Artix to bring together the company's existing IT infrastructure to speed the roll out of new products and services to a diverse customer base.	- Press Release
	Credit Suisse, uses IONA infrastructure to integrate mainframe, Unix, and Windows services using different messaging systems, making existing systems more agile to drive down IT operating costs.	- Summary - Full Case Study - Press Release - In the News
	FINEOS provides banking and insurance software for customer relationship management, business process automation, and policy and contract management, and all are built on IONA's Orbix.	- Summary - Full Case Study
	A leading European Fund Manager rapidly launched a new securities lending process leveraging IONA Artix Data Services. The project earned tens of million of dollars in the first year of implementation.	- Full Case Study
	A leading UK Financial Services Provider automated their OTC Derivatives systems and improved FpML performance by 10X through implementation of IONA Artix Data Services	- Full Case Study
	Gulf International Bank chose IONA to build its Orbacus-based framework to automate such tasks as data transfer, data mapping, file functions, and data export to create flexible and efficient internal business processes.	- Summary - Full Case Study
	Irish Life Investment Managers (ILIM) chose IONA and Orbix to offer improved services to its customers quickly by increasing code reuse that in turn significantly reduced development time.	- Summary - Full Case Study
	Raymond James Financial (RJA) partnered with IONA and used Orbix to build its Municipal Institutional Trading & Reporting System and extended it with Artix, eliminating the need for additional hardware or other network resources.	- Summary - Full Case Study - Press Release
	Reuters Financial Software, selected IONA and the Artix ESB to implement a SOA into its industry leading Kondor+ trade and risk management system, making it easier to integrate into customers' existing IT infrastructure.	- Press Release - In the News
	Thomson Financial chose IONA and Orbix to completely automate the trade order management process from trade generation through allocation for buy-side traders and portfolio managers worldwide.	- Press Release
	Tradepoint uses IONA's Orbix to facilitate trades through a central matching computer, connected via a WAN to the local machines of participating dealers, who can now trade simply by clicking on the screen.	- Summary