Information Builders Case Studies iWay Enhances B2B Collaboration for Maitland

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	iWay Enhances B2B Collaboration for Maitland Information Builders

iWay Enhances B2B Collaboration for Maitland

Information Builders

Technology Category	Application Infrastructure & Middleware - Data Exchange & Integration
Applicable Industries	Finance & Insurance
Applicable Functions	Procurement Business Operation
Use Cases	Process Control & Optimization Regulatory Compliance Monitoring
Services	System Integration
Challenge	Maitland, a global provider of fund administration, legal, tax, fiduciary, and investment advisory services, was seeking a general-purpose software environment that could simplify data integration, data quality, application integration, and B2B integration for SWIFT message processing. The company wanted to link its trading and settlement systems and orchestrate new interfaces to internal and external systems. The challenge was to find a platform that could read, write, and enrich SWIFT transactions while shielding clients from the complexities of the underlying computing environment. The company also wanted to enable straight-through processing (STP) by setting up SWIFT-based messaging for Maitland’s external trading partners. Read More
About Customer	Maitland is a global provider of fund administration, multi-jurisdictional legal, tax, fiduciary, and investment advisory services. The firm has in excess of $280 billion in assets under administration. Founded in 1976 in Luxembourg, Maitland provides cross-border legal and tax advisory services to private and corporate clients. The company has grown through a series of acquisitions, both geographically and in the range of services that it offers to its clients. A significant part of Maitland’s business involves providing administrative, asset management, and infrastructure solutions to institutional and alternative fund managers throughout the world. Maitland administers 50 percent of pension funds and 60 percent of hedge funds in the South African market. Read More
Solution	Maitland chose iWay Software technology to seamlessly link its trading and settlement systems with those of its partners. The iWay integration environment simplified connections among trading systems, settlement systems, enterprise applications, and third-party trading partners. iWay supported the complete message set for SWIFT, including payments, trade services, securities, and trading. Information Builders updates the SWIFT libraries every year, including new dictionaries, schemas, and translation templates for all of the SWIFT messages. Maitland used iWay to enable STP by setting up SWIFT-based messaging for its external trading partners. In addition to brokering SWIFT messages, iWay loads pricing data from various exchanges so traders and fund managers always know the value of the instruments that they have purchased. Maitland also used iWay to perform large volume data extracts and to handle other types of B2B integration. Read More Log in to view content
Contents

Technology Category

Application Infrastructure & Middleware - Data Exchange & Integration

Applicable Industries

Finance & Insurance

Applicable Functions

Procurement

Business Operation

Use Cases

Process Control & Optimization

Regulatory Compliance Monitoring

Services

System Integration

Challenge

Maitland, a global provider of fund administration, legal, tax, fiduciary, and investment advisory services, was seeking a general-purpose software environment that could simplify data integration, data quality, application integration, and B2B integration for SWIFT message processing. The company wanted to link its trading and settlement systems and orchestrate new interfaces to internal and external systems. The challenge was to find a platform that could read, write, and enrich SWIFT transactions while shielding clients from the complexities of the underlying computing environment. The company also wanted to enable straight-through processing (STP) by setting up SWIFT-based messaging for Maitland’s external trading partners.

About Customer

Maitland is a global provider of fund administration, multi-jurisdictional legal, tax, fiduciary, and investment advisory services. The firm has in excess of $280 billion in assets under administration. Founded in 1976 in Luxembourg, Maitland provides cross-border legal and tax advisory services to private and corporate clients. The company has grown through a series of acquisitions, both geographically and in the range of services that it offers to its clients. A significant part of Maitland’s business involves providing administrative, asset management, and infrastructure solutions to institutional and alternative fund managers throughout the world. Maitland administers 50 percent of pension funds and 60 percent of hedge funds in the South African market.

Solution

Maitland chose iWay Software technology to seamlessly link its trading and settlement systems with those of its partners. The iWay integration environment simplified connections among trading systems, settlement systems, enterprise applications, and third-party trading partners. iWay supported the complete message set for SWIFT, including payments, trade services, securities, and trading. Information Builders updates the SWIFT libraries every year, including new dictionaries, schemas, and translation templates for all of the SWIFT messages. Maitland used iWay to enable STP by setting up SWIFT-based messaging for its external trading partners. In addition to brokering SWIFT messages, iWay loads pricing data from various exchanges so traders and fund managers always know the value of the instruments that they have purchased. Maitland also used iWay to perform large volume data extracts and to handle other types of B2B integration.

Impact #1	iWay enables Maitland to add a new client and start trading immediately, with guaranteed settlement, in just a few hours. Previously, this process took one-to-three months.
Impact #2	iWay can support new and old SWIFT standards concurrently. While Maitland’s competitors have to install and maintain separate solutions to support the variant standards, Maitland runs both iWay libraries simultaneously.
Impact #3	Maitland now supports ten times as many trading processes as before, and the overall throughput has doubled. On average, they settle 80,000 trades per month for 120 clients – all on four CPUs.

Impact #1

iWay enables Maitland to add a new client and start trading immediately, with guaranteed settlement, in just a few hours. Previously, this process took one-to-three months.

Impact #2

iWay can support new and old SWIFT standards concurrently. While Maitland’s competitors have to install and maintain separate solutions to support the variant standards, Maitland runs both iWay libraries simultaneously.

Impact #3

Maitland now supports ten times as many trading processes as before, and the overall throughput has doubled. On average, they settle 80,000 trades per month for 120 clients – all on four CPUs.

Benefit #1	Reduced time to add a new client from one-to-three months to a few hours.
Benefit #2	Increased the number of supported trading processes by ten times.
Benefit #3	Doubled the overall throughput.

Benefit #1

Reduced time to add a new client from one-to-three months to a few hours.

Benefit #2

Increased the number of supported trading processes by ten times.

Benefit #3

Doubled the overall throughput.

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Overview

iWay Enhances B2B Collaboration for Maitland

Operational Impact

Quantitative Benefit