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Corporate actions solution from IBM
Executive summary Business view Technical details
The issues
Automate corporate action processes
Transaction volumes continue to grow. Multiple systems present duplicate functionality and associated support costs. Many systems used by asset managers and custodians are antiquated—some older than 20 years. Your organization may be dealing with an increasing number of platforms, databases, contracts, licenses and support staff to manage your corporate actions processes. IBM can help you streamline and automate.

The benchmark
A long-term IT solutions partner
IBM is uniquely positioned to provide assistance spanning from strategy and process redesign, to preconfigured and pretested software and hardware solutions.
  • Our integration and application infrastructure software leads the industry in new performance benchmarks for real-world business environments—IBM WebSphere® software won the most votes in the application server category of the 2005 Computerworld Hong Kong Awards.
  • IBM WebSphere software is used by 87,000 customers worldwide, including the top 45 commercial and savings banks and 15 top Wall Street brokerage firms.
  • More than 9,000 independent software vendors have written applications on top of IBM WebSphere, a preferred J2EE™ platform for application vendors.
  • IBM is dedicated to the SWIFT initiative, an industry-owned cooperative supplying security-rich, standardized messaging services and interface software to 7,500 financial institutions in 200 countries, and to ISO 15022, a messaging format released by SWIFT.

The components
Innovative rules-based technology
IBM can provide an analysis of your current processing environment, enabling definition, implementation and integration of a strategic solution for automated corporate actions lifecycle management. Components of the corporate actions solution from IBM can include:
  • IBM WebSphere Business Integration Message Broker—distributes virtual real-time information from disparate sources of information through a network of access points or a centralized broker.
  • IBM WebSphere Application Server—leverage a high-performance and extremely scalable transaction engine for dynamic business applications.
  • IBM WebSphere Business Integration Modeler—delivers rapid time to value through an integrated framework of tools, content and runtime.
  • IBM WebSphere MQ—allows you to easily exchange information across different platforms, integrating existing business applications in the process.
  • IBM Information Framework—a comprehensive set of business models that represent leading practice in financial services.
  • IBM WebSphere Business Integration services—a comprehensive set of business tools that represent leading integration software for financial services.
  • Information Mosaic’s Corporate Action Management System (CAMA)—a set of unique rules based templates that streamline and automate corporate action processes.
  • Information Mosaic’s CONVERG-E—a highly scalable and fully integrated investment management platform that supports multiple financial services offerings, for multiple international markets, from one central location.

The implementation
Total process reengineering
From project management to evaluation of functional requirements, and from business rule definition to implementation, IBM provides a wide range of business and technology advisory, strategic management and implementation services. We have helped financial markets organizations reengineer their corporate actions processes, including:
  • Brown Brothers Harriman’s Private Account Services—a middle- and back-office outsourcing service for private banks, leverages Information Mosaic’s CONVERG-E and CAMA for corporate actions processing.

The cost of ownership
Manage the full corporate actions lifecycle
The corporate actions solution from IBM, which leverages new SWIFT ISO 15022 message standards, can help you reduce your exposure to operational and reputational risk. It also provides:
  • Processes, workflows and message routing based on type of corporate action events.
  • Access to a SWIFT ISO 15022 data dictionary of corporate actions messages.
  • XML migration utilities to reduce cut-over time from legacy systems.

Next steps
 
Questions about this solution? Contact an IBM financial services specialist.

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Hardware
Focus on systems