Sybase for MTB Mitsubishi Trust Bank financial Software Solution set

Business Challenge: Create a more reliable and efficient way to receive and process trade confirmations at home and abroad.

Solution set: NEON Access IBM MQSeries, s.w.i.f.t. interface.

Results: Neon canceled the slow, inefficient manual way of receiving data from faxes and telegrams, and replaced it with a very stable solution that would greatly shorten the time needed to process s.w.i.f.t (Global Interbank Communications Association) messages.

MTB (Mitsubishi Trust Bank)
The increasing globalization of financial and financial enterprises has created more opportunities for foreign securities trading, in which case, MTB decisively adopted the method of "Direct transaction Processing" (STP) to realize the complete automation of the transaction. MTB's manager said: "The traditional method is very inefficient when receiving instructions, fax transmission is sometimes ambiguous, it is difficult to read, in addition to access to information in our system is too slow, and very easy to cause human error?" quot;

MTB received instructions from investment trusts or investment advisers engaged in trust and pension fund management, and in part from insurance companies or foreign exchange Bank confirmation orders. It is worth noting that, as the financial industry continues to evolve, many new institutions, such as the Global Express Processing Association (GSTPA), which seek ways to shorten the settlement time of Cross-border financial transactions, say that STP is not only a general trend, but also imperative.

S.w.i.f.t. is composed of a number of very good institutions, designed to address the issue of the reliability and standardization of the international payment system. Today, it has become one of the world's most important institutions for sending and receiving foreign securities trading and clearing information. In terms of scale and pace of development, security information is ranked second in all online information today, growing at a rate of 69% a year.

Use S.W.I.F.T. The clean-up and settlement of foreign securities in STP is challenging, but such efforts are entirely worthwhile. MTB's internal system is no different from other companies in the industry, but the company requires faster, more reliable and more efficient acceptance and processing of domestic and foreign trade confirmations. "We have to accelerate the process of receiving and confirming these transactions because of the increasing volume of securities trading." "MTB's STP development team manager said. Before s.w.i.f.t, most of this information was sent by fax or telegram into the MTB, so it had to be manually entered and processed internally.

STP helps MTB realize the automation of securities trading, minimizes human error and makes transaction processing faster and more reliable. Among them, the neon E-commerce and enterprise application integration products recently acquired by Sybase play an important role in this process, In particular, support for s.w.i.f.t. Neon adapters, the financial industry package in the MTB cleanup and settlement system with s.w.i.f.t. A bridge of automatic information exchange is established between the networks.

It includes s.w.i.f.t. Interface products, NEON access, and information transformation products developed jointly by NEON and IBM--IBM MQSeries Integrator, in addition, s.w.i.f.t. The Format Integration library is also included. These libraries are format-defined for S.W.I.F.T. messages, each of which supports a specific send and receive information.

After a long effort, MTB is facing a new challenge: how to s.w.i.f.t. Communication Gateway is organically combined with other back-end applications, how to convert s.w.i.f.t. Messages to the format required by existing settlements and financial systems. "Before you can find an automated solution, MTB must print out all the incoming information and then enter them into your system," said Shinichi Saito, director of the NIWS Consulting service, MTB invited. ”

Fortunately, as a Japanese agent for Neon e-business solutions, NIWS occupies a leading position. Neon is a leading provider of Cross-industry E-business Solutions and a pioneer in providing a wide range of application integration solutions, including legacy applications, client/server and web-based applications, and popular ERP applications. Saito said: "At that time we saw the MTB demand and neon integration of the perfect unity between the products." ”

MTB chose Neon because of its good reputation in the software industry and NIWS's excellent local support. "This is the best choice to combine software and services," MTB's manager said, "Neon's swift Ready Gold has convinced us that Neon's solution is entirely in line with S.W.I.F.T."

Saito that other solutions for MTB mean a surprising number of routine software programming. Saito said: "Before the implementation of the S.W.I.F.T and the MTB of the two-way conversion of securities information automation solutions, to achieve the full STP function can only be wishful." "Saito and his team developed a neon adapter that supports S.W.I.F.T, thereby automating the exchange of information between the MTB trading system and S.W.I.F.T.

It's a wise choice. Saito said that if there is no s.w.i.f.t. Format Library, MTB creates s.w.i.f.t from the internal system by presenting data. The information is faced with a very complex programming process. In addition, because the information may change every year, the modification and maintenance of the program are essential.

By contrast, using a neon set kit can almost eliminate the entire process of routine programming. SQL statements can query to the correct records, and the neon formatter can map these records to the s.w.i.f.t. Standard by using the format library.

It has been widely recognized that the neon solution is excellent and targeted. The development of STP began in October 1998 and was completed in April the following year. The most interesting thing about MTB is that it can scrap the traditional telegraph, fax, or file transfer mode between the bank and the client and the internal administrator, replacing it with s.w.i.f.t. Category 5 Information on the securities market. When the confirmation message from the securities company was still mainly sent by telegraph and fax into the MTB, s.w.i.f.t Category 5 had replaced the telegram and fax message from the investment trust or consultancy firm's asset manager. MTB now uses an internal application to make s.w.i.f.t. Messages and fax and telegraph confirmation messages match each other. Once the match is completed, the transaction is routed directly to the MTB host accounting system, which is processed and sent to the person concerned through neon access.

"Messages are created through the host system before using the neon product," NIWS director Tetsuji Miyamoto said: "These are mainly s.w.i.f.t." Category 5x messages, but we will also use neon access to send 300s and 202s types of messages for actual payment. "Technically, it's really good, but Saito is more focused on the commercial value of this computer to computer (C-C) solution." "Neon products have proven to be very stable and can greatly shorten the time required to process s.w.i.f.t messages, so they play a vital role in MTB STP operations." "In addition, because MTB now has an automated facility for handling S.W.I.F.T messages, banks can easily get in touch with new investment managers, new securities firms and new managers who are using s.w.i.f.t," he said. ”

NEON,MTB allows you to receive data from an external network, such as S.W.I.F.T. IBM MQSeries Integrator is responsible for s.w.i.f.t. Bidirectional translation of information types and s.w.i.f.t according to the type and details of the data. Route of the message. Neon completely replaces the slow, inefficient manual mode of receiving data by fax and Telegraph.