Services industry (FSI) has been traditionally
aggressive in Financial
System integration initiatives long before the
days of B2B integration. FSI has been
a front runner in use of EDI and had used various
means including use of SWIFT standards. Collaborative
processing has been the need of business for financial
institutions long before many other industries
talked about B2B.
in internet technology have helped the financial
services industry. However
many players in B2B integration space have put
their focus only on horizontal industries such
as manufacturing, sales and distribution, trading
and supply chain industry to the detriment of other
specialized industries such as the financial services
and travel automation industry. The offered solutions
therefore, have not been best suited to these industries.
both in efforts and dollars that is required
in using generic EAI
and B2B solutions has not helped financial institutions
in many scenarios as it did not really lower their
cost of doing business or did not justify the ROI.
this problem in various ways. EdiX has been used in financial services
industry (banks) for B2B integration for many years,
even before advent of internet based B2B solutions.
As such, EdiX addresses the banking industry and
its payables and receivables integration needs
much more effectively.
the needs of FSI - whether the requirement is to satisfy
the SWIFT compatibility or migration to and or
interoperability with XML interfaces - whether
it is MAPICS or it is ARIBA - whether it is STP
or it is auto-manual work-flow - whether it is
batch mode or online.
used for interfacing cash management solutions to various ERPs such
as SAP, Oracle Applications, ARIBA Peoplesoft,
MAPICS etc in many countries. EdiX supports various
stages from extraction to enrichment in file/batch
mode or direct object interface. EdiX can also
be used for other FSI requirements including securities,
liquidity management, treasury and campaign management
to just name a few.
many functional components such as adapters, extraction, access
control, business object management, security and
authentication control, secure and encrypted transport,
validation, translation, routing, output generation
and enrichment processes. It also supports reporting
and reconciliation in addition to exception handling.
special features for supporting SWIFT messages such as MT100, MT
102, MT103, MT940 etc. EdiX supports pseudo-swift
and also specific formats such as idocs. EdiX supports
XML parsing, translation and output generation.
FSI/Banking industry specific needs such as core translation requirements
as well as interface applicationware requirements.
It also supports inter-bank requirements.
an ideal platform for Financial Services Industries integration need
whether it be inter-banking needs, needs of interfacing
with customer’s ERP or simply interfacing
with different internal banking systems.
highly scalable and is
available on open and robust platform. EdiX is
based on J2EE architecture and is based on advanced
component architecture allowing flexibility in
deployment configurations and profiling options.