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Who is Incentage AG. Incentage AG, Zurich (HQ), Geneva and Incentage Latin AG, Lisbon. It was formed by EAI experts with over 12 years experience in enterprise integration.
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Who is Incentage AG • Incentage AG, Zurich (HQ), Geneva and Incentage Latin AG, Lisbon. • It was formed by EAI experts with over 12 years experience in enterprise integration. • Investing into full memberships of SPASA, AGSI, SPIFA, CC Integration University St. Gallen, Research ETH Zurich in order to provide high quality solution. • Using the platform-independent Incentage Middleware Suite (IMS), our customers can participate in business communities and integrate all applications throughout their enterprise – without the need to write code. Our business know-how, when combined with the highest quality, ensures that our customers profit from real benefits at the best price/performance ratio. • The Incentage Middleware Suite (IMS) has achieved the highest possible reward from SWIFT – having been awarded the SWIFTReady GOLD Financial EAI accreditation. Information becomes available in the right time, place, form and semantic
The Information Age Information becomes knowledge, if available in the right • time • place • structure • semantic And the Knowledge about the state of information is required to control the quality of the processes. The requirement
Preparing for the Future • Standards ISO 20022 • SWIFTNet FIN • SWIFTNet InterAct • SWIFTNet FileAct • FIX, XML • Bulk Payments • Central banks, exchanges, clearing houses, CSDs • MACUGs • New Initiatives …create a need for change… …and new challenges. New realities… • Standards Adoption • Flexibility • Time-to-market • Process Control • Risk Control • Validation • BAM
The Problem when using Standards Application FIX FIX 4.2 SWIFT FIN FIN SECOM SIS SWIFTNet Funds SWIFTNet Funds The problem
FIX 4.4 FIX 4.2 FIN SWIFTNet Funds The Problem when using Standards FIX 4.x, TV, XML Application FIX SWIFT FIN Application SECOM SIS SWIFTNet Funds Application The problem
Port Port Port Routing and Replication FIN SIS FIX 4.4 SWIFTNet Funds FIX 4.2 The Solution - IMS Enabled STP data-oriented flexible efficient scalable Application Application Application Application IMS Profile Application Port Application Maintainability through a clear architecture
Incentage Port Application Application Application Converter Parser / Builder Port Port Port meta rules Routing and Replication FIN Profile SIS FIX 4.4 SWIFTNet Funds FIX 4.2 The Solution - IMS Enabled STP Adapter transport, e.g. DB, MQ, Files, FTP, etc. Port syntax, e.g. XML, SWIFT, FIX, COBOL, etc. semantic, e.g. mapping, enrichtment Maintainability through a clear architecture
An Example: Situation • Zürich based global insurance company • Over 60,000 employees • No direct SWIFT connection • Swift access via UBS KeyLink • AIX based infrastructure • SAP CFM instances in use • Plans to introduce a specialised treasury system • not satisfying reporting based on KeyLink protocols
Transaction Control Process Control Fingerprinting Builder for SWIFT Adapters for DB, MQ, sFTP, etc. Parsers IDOC, inhouse, proprietary Control Client RulesStudio Rules Engine Transform Route Protocol An Example: Solution • Saving over 600’000 USD per year TCO • Volume increase without cost effects • Flexibility & speed to introduce OpenLink, Accurate, etc. Module CFM Mammut OpenLink Accurate other applications Translation tables Incentage Enterprise SWIFT Bus Rules SWIFT SWIFT Data Dictionary
Partners i.e. Resellers and Software Houses • STP Solutions Oy (Reseller, Nordic and Baltic regions) • ADP Wilco (Tax, WM, Service Bureau) • Aquin (Order Routing) • Diamos (IMI/KAG Banking System) • Expersoft (Portfolio Management) • IBM (Order Transport and Management) • kd labs (Anti Money Laundering) • Legando (Core Banking System) • Lynx (Asset Manager Solution) • Fireos (Reconciliation) • Teconomic (Corporate Actions) • AWK (Reseller) • ODINTech (Reseller) • Global Net Solutions (Reseller) • Hista • etc.
Incentage Core Expertise • customer and partner training • tailored customer workshops • class-room training • certification program • named account responsible • local hotline & preventive maintenance • user conferences • customer shared knowledge space Standards Delivery Support Training EAI Architecture Incentage Middleware Suite (IMS) Knowledge transfer capability
Incentage Core Expertise • 12 years EAI experience • solution architecture • technology expertise Standards Delivery Support Training EAI Architecture Incentage Middleware Suite (IMS) Recognizing the importance of architecture
Incentage Core Expertise • business view integration • easy of use • designed for complex integrations • clear architecture for flexibility • high throughput • built in Java Standards Delivery Support Training EAI Architecture Incentage Middleware Suite (IMS) Combining experience with technology
Key Messaging Cost Components, example Thousand EUR / Year over 5 years 770 Technology Hardware, Software, comm lines, modes, etc. 155 People and Procedures IT architecture, IT application development, IT operations, IT testing, IT quality assurance, IT project coordination, audit, finance, procurement, legal, etc. 615 source: SWIFT, large bank installation Addressing efficiency: IT = 20% technology + 80% people and procedures
Which standard for which instruments and phase? OTC Derivatives Swaps Wire OTC Derivnet FpML SWIFT Mutual Funds Unit Trusts SWIFT SWIFT SWIFT SWIFT FIX Forex SWIFT FIX SWIFT SWIFT SWIFT FIX Exchange Traded Derivatives SWIFT FIX SWIFT SWIFT FIX Fixed Income SWIFT SWIFT ISMA SWIFT SWIFT FIX FIX FIX Omgeo ISITC ISITC SWIFT SWIFT ISMA SWIFT SWIFT Equities FIX FIX FIX Omgeo ISITC ISITC Pre-Trade Trade Post-Trade Pre-Settlement Settlement Post-Settlement
The Optimal Integration Interfaces Costs with Traditional EAI €/year Optimizing with IMS Optimized Best-of-Breed Number of Applications Source of model: Prof. Winter, University St. Gallen
Incentage Features • Designed for EAI, BCI and BAM • Swift, FIX and XML integration • Management Console for configuration, documentation & control • unique model for structuring complex logic - providing overview • Business View Integration ensures consistency of documentation • open rules for mapping, formatting, enriching and validation • Built-in data dictionaries • connectivity to files, ftp, MQ Series, databases • developed in Java – winning platform independence • XML based configuration model allows easy scalability and load balancing No feature without benefit
Dataflow: Configure, Document, Control Staying in control