Skip to main content

Industries  >  Financial services  >  Solutions  >  

Financial information interchange from IBM
Executive summary Business view Technical details
The goal
Build the foundation for future growth
Share business process information using common messaging standards. Connect customers to market infrastructures. Leverage industry utilities. The financial information interchange solution from IBM is designed to deliver the capabilities your firm needs to manage business processes between institutions and customers—regardless of where the process takes place.

The advantage
Join forces with a trusted solution provider
IBM brings considerable expertise and resources to help financial institutions, 97% of the Financial Services industry companies on the Fortune 500 list are IBM clients.
  • IBM Global Business Services customers include over 6,500 financial services practitioners.
  • IBM Global Business Services is a SWIFT Accredited Solution Provider.
  • Financial News awarded IBM “Best Software for Straight-Through-Processing” in 2003.

To help you keep up with the constantly changing financial services industry, we also provide the "Building an Edge" newsletter. This monthly e-newsletter delivers leading-edge thinking from IBM and is read by thousands of executives in the financial services sector.

The benefits
Turn compliance into a business advantage
Your financial institution deals with business processes that involve multiple steps and interactions on a daily basis. The challenge is to manage these processes and reduce costs. Provide operational efficiency. Comply with changing messaging standards. With the financial information interchange solution from IBM, you gain the framework and services to help you meet these challenges.
  • Manage critical business processes that extend beyond enterprise boundaries.
  • Connect and exchange data with customers, exchanges, central securities depositories (CSDs), settlement agencies or service providers.
  • Help reduce costs and errors associated with manual processing.
  • Review, analyze and optimize processes and performance.
  • Improve service levels to help increase customer satisfaction and reduce costs.

Our solution can allow your firm to respond rapidly to immediate needs. For example, we can tailor your solution to help design, simulate and plan clearing and settlement processes.
  • Create business processes, workflows and message routing to control and track settlement by instrument, counterparty, custodian and settlement location.
  • Link settlement systems, global custodians, CSDs, central bank payment systems, internal accounting systems, netting applications and credit systems into a single business process.
  • Consolidate connectivity to multiple market infrastructures—including Society for Worldwide Interbank Financial Telecommunication (SWIFT) and non-SWIFT infrastructures—on a single network hub.

The approach
Demonstrate success—react to changing markets
One international corporate bank sought to update their technology in order to:
  • Rapidly enable new applications like stock lending, voting and voluntary corporate actions.
  • Cut costs and increase client service by improving automation and accelerating straight-through-processing.
  • Support new standards and comply with changing regulations.

By implementing our financial information interchange solution, they were able to:
  • React to changing market conditions by rapidly implementing new services.
  • Monitor end-to-end transaction lifecycle.
  • Implement a robust integration infrastructure with management services.

They also realized a 20% reduction in their maintenance burden from greater functionality and less code. Their shortened project period delivered fast return and increased operational resilience.

The financial advantage
Minimize IT management costs for greater return
Through improved operational efficiency and greater visibility into processes, our solution can help your financial institution achieve a return on investment. We can help you:
  • Reduce costs through simplification and reduction of systems required to support market infrastructures.
  • Increase trade volume with faster transaction processing.
  • Lower the risk of unauthorized access to valuable transaction data.
  • Reduce cost of processing payments by using repeatable business functions.

Next steps
 
Questions about this solution? Contact an IBM Financial Services specialist.

Get the Financial Services news and industry insights you can use. Subscribe to Building an Edge newsletter today!



Hardware
Focus on systems