REDWOOD CITY, Calif., Sept. 19, 2011 (GLOBE NEWSWIRE) -- Taking aim at the mounting data and standards management challenges facing financial services firms, Informatica Corporation (NASDAQ: INFA), the world’s number one independent provider of data integration software, today announced the availability of new and enhanced libraries for financial industry standards and market data feeds. The Informatica B2B Data Transformation libraries, part of the Informatica Platform, dramatically reduce financial format integration time and costs. At the same time the Informatica B2B offering enables a single view of customers, securities, positions and transactions, and incorporates rich market and industry standard data into big data analysis for a complete view of an organization’s data.
Enhanced Support for Industry Standards and Market Data Feeds to Reduce Integration Time and Costs
While standards are at the heart of effective data management in the financial industry, supporting and managing them as they evolve and change is a constant challenge. Informatica B2B Data Transformation libraries provide comprehensive support for industry standards and market data. Current with all 2011 updates, the new and enhanced libraries contain pre-built transformation rules that significantly reduce the costs and time-to-market of deploying standards and managing them as they evolve. These libraries provide complete transformation of all messages or content available in the standard or data feed, including format and business validation rules.
These new assets include:
- 2011 SWIFT library awarded 2011 SWIFT Messaging Data Services label
- 2011 NACHA library
- 2011 SEPA library
- 2011 BAI library
- 2011 FpML library
- 2011 FIX library
- 2011 Bloomberg PerSecurity library
- 2011 Bloomberg BackOffice library
- 2011 Bloomberg Extended BackOffice library
- 2011 DTCC library
"Informatica’s excellent scores and successful certification on the SWIFT Messaging Data Services label demonstrate the comprehensiveness of the messaging data solution," said Filip Versluys, Head of Partner Management at SWIFT. "Informatica has proven complete and accurate implementation of all SWIFT messages to accelerate SWIFT related development for financial institutions."
Complex data integration and data management continue to be top concerns for financial institutions. For example, in a recent study by SWIFT entitled, Managing Liquidity Risk, cash and liquidity risk managers worldwide identified among their key data management challenges the inability to view inter-day cash position across currencies and inability to manage and report liquidity positions on a firm-wide level. Informatica’s expertise and leadership in both areas enables institutions to cost-effectively achieve global views of cash and liquidity positions by providing a central platform for acquiring, transforming, managing and distributing this data. In addition, as data volumes and complexity continue rising across the financial services industry, organizations have the opportunity to transform analytic, transaction and complex event processing by leveraging Informatica for highly-scalable big data processing with Hadoop. Informatica B2B enables organizations to integrate the rich data in industry standards and market data feeds with complex data contained in unstructured documents, social media, and XML.
"The SWIFT study shows that deficient data management continues to be a major challenge for institutions around the world, leading to a lack of overall business visibility," said Juan Carlos Soto, general manager Cloud and B2B, Informatica. "With comprehensive support for industry standards, market data and big data, Informatica B2B Data Transformation is critical to data and process integration and powers single views of customers, securities, positions and transactions to provide that global visibility, at a lower cost and reduced implementation risk."
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About Informatica
Informatica Corporation (NASDAQ: INFA) is the world’s number one independent provider of data integration software. Organizations around the world rely on Informatica to gain a competitive advantage with timely, relevant and trustworthy data for their top business imperatives. Worldwide, over 4,440 enterprises depend on Informatica for data integration, data quality and big data solutions to access, integrate and trust their information assets residing on-premise and in the Cloud. For more information, call +1 650-385-5000 (1-800-653-3871 in the U.S.), or visit www.informatica.com. Connect with Informatica at http://www.facebook.com/InformaticaCorporation, http://www.linkedin.com/company/informatica and http://twitter.com/InformaticaCorp.
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