Volante TechnologiesSIMPLIFYING MESSAGING CONNECTIVITY SWIFT User Group Meeting – Poland Mark Chapman and Chris Stares March 2013 Agenda Introduction Volante Business Overview Product positioning and case studies Volante Product Overview What the product does Product Demonstration Q&A MDDL FIX. FIX. STEP2. ISO 20022 PACS. MarkitWire FpML. FpML. STEP2. Origo Investment Funds ISO 20022. DTCC. SWIFT FIN MT5nn. Omgeo OASYSGlobal and CTM.12. FIX. Origo ACORD. 15022 ISO 20022. Domestic legacy ACH Insurance ACORD. FpML. 15022 Treasury SWIFT FIN MT3nn. EDIFACT.What is our purpose ? Challenges of Standards Landscape Domain Front Middle Back Capital Markets FIX. FpML SWIFT FIN MT3nn. FpML Exchanges FIX. X. Omgeo OASYSGlobal and CTM. MTn92 SWIFT FIN MT1nn. TRAX. DTCC. X. SEPA. ISO 20022. SEPA. SWIFT FIN MT5nn. ISO 20022. FpML SWIFT FIN MT3nn. CREST FIX. EDIFACT. FpML. 4nn. ISO 20022. ISO 20022. 2nn. MDDL Euroclear. SWIFT FIN MT5nn. DTCC. Domestic legacy ACH ISO 20022. FIX. TRAX. MarkitWire FpML. ISO 20022. AVOX. CREST OTC Derivatives FpML. ISO 20022 PAIN. Avox. MDDL Euroclear. Proprietary API N/A N/A . FAST. ISO 20022. MarkitWire Payments SWIFT FIN MT1nn.12. Origo ACORD. 9nn. 15022 ISO 20022. ) Structured and Unstructured Proprietary Formats Document Style Formats (PDF. Corporates. Dubai. EDI.. home grown or standards based Intuitive design environment for definition of: Parsing. Excel. Enrichment & Transformation Code generation Browser based input. FIX. Hedge funds. Validation.) Provides exceptional performance with low latency Rapid ROI and low TCO with easy maintenance Runs on any platform. Clearing Houses. etc. Routing. FpML. etc.About Volante Founded in 2001 Headquartered in New York Offices in London. ACH. Investment Managers. New Jersey. Utilities and Application Vendors . repair and dashboards Our clients are tier one organizations Investment Banks. Exchanges. Systems Integrators. Mexico City and Chennai Data Integration Accelerator that: Transforms the ease of integrating heterogeneous data sources and standards Financial Formats (SWIFT. ISO 20022. Brokers. MT/MX. Word. 12/BAI . C# Treasury System Payments System Fixed Width Via MQ CSV Via FTP AML/KYC System Tag=Value DB Table Volante plug-ins for Any Format Via any Transport Volante Run Time Code (App Server. Cloud) Volante Dashboard for Monitoring & Repair (using Webforms Designer) Volante plug-ins for Industry Standards Persistence & Enrichment RDBMS or CACHE SWIFT MT101 SEPA ISO 20022 ACH Formats ISO 8583 EDIFACT X. ESB. C++.What We Do – Payments Example Volante Design Time defines: •Routing •Validation •Transformation •Enrichment •Testing ERP System XML Via ESB Java. JVM. SaaS. What We Do – Capital Markets Example Volante Design Time defines: •Routing •Validation •Transformation •Enrichment •Testing Trading System(s) XML Via ESB Java. JVM. C# Volante Dashboard for Monitoring & Repair (using Webforms Designer) Conf/Affirm System(s) Settlement System(s) Fixed Width Via MQ CSV Via FTP Reconciliation System Volante plug-ins for Any Format Via any Transport Tag=Value DB Table Volante Run Time Code (App Server. Cloud) Volante plug-ins for Industry Standards Persistence & Enrichment (Ref Data) RDBMS or CACHE SWIFT ISO15022 ISO20022 FIX FpML Omgeo DTCC MarkitWire Reuters Bloomberg . ESB. C++. SaaS. Case Study : large corporation Bulk Payments – Solution Architecture VOLANTE Outbound Flow MT101 MT10x Payments (Bulked XML) Swift Alliance Access (real-time) MT103 XML Outbound Routing MT104 Payment Application MT10x Paymul Paymul Payments (Bulked XML) ACH ACH Flow Application Server High Level Outbound Flow FileAct (Bulk Payments) . FileAct FTP etc Message Transport Volante Solution Enabler DISBURSMENT INSTRUCTIONS FXTrading System COUNTRY-2 Benfificiaries Corporates Govts Pensioners COUNTRY-n Benfificiaries Corporates Govts Pensioners Payment/Remittance 150 countries . FileAct FTP etc RISKManagement System Accounting System Message Transport MQ WebLogic Application Server proprietary. SEPA. etc MQ File. SWIFT.CASE STUDY : Global bank Global Payment Transaction System PARTNERS COUNTRY-1 Benfificiaries Corporates Govts Pensioners CUSTOMERS Corporates Governments MQ File. EXPRESS ELIXIR SYSTEM REAL TIME PAYMENTS SYSTEM Bank A System Settlement Account Credit/Debit SORBNET/SORBNET2 Interfaces Core System Bank B Account Credit/Debit Immediate Transfer Immediate Transfer Bank A Account Credit/Debit ISO 20022 Bank B National Bank of Poland CSV . Proprietary Fixed-Width Data to SWIFT MT103 to MX PACS 008 Process Flow . Product Overview Data Formats Volante Designer SWIFT ISO 7775 ISO 15022 ISO 20022 MT-MX translations Payments SEPA. FIX) Design Time Cartridge Format Reference Data Bloomberg backoffice Reuters DataScope S&P Derivatives FpML (supports ISDA. XML Run Time Any ESB Or CEP Engine Any Application Or Web Server Any Application Or Middleware Any Database . BAI2. SWIFT-CUG.CME. DTCC) Data Governance (Metadata Model) Generic Domain Specific Transformation Normalization Persistence Designer Simulator Formatting Testing Application Debugging Data Generation Validation Trade Processing FIX & CMS Director Composer Plug-Ins WebForms Designer Message Flow Generators Code Java/EJB C++ C++ C# Document Publisher Message Definition xml DB csv Generic Proprietary Data Fixed-Width ASCII Delimited XML Data COBOL Copybook Batch Processing COBOL Copybook. ISO 8583 Market Data Bloomberg Reuters CurreneX FAST(OPRA. EDI. ACH. as shown below): PTSAIN10-103-NVR-0006 0000 000000000015000SPXAIN RECEIVERS CORRESPONDENT RECEIVERS CORRESPONDENTNEW BENEFICIARY CUSTOMER BENEFICIARY CUSTOMER /REC/INSTRUCTION FOR 00015000USD SHAUSD Volante fixed-width data (COBOL copybook) to MT103 message flow 000000USD091120 N NEW YORK BRANCH YORK BRA NAME NAME RECEIVER • Data to be sent to the SWIFT network via SWIFT Alliance Access gateway must be in valid SWIFT format • A solution is required to “parse” (read and validate the structure of) the proprietary payment message data.g. . • A simple Volante message flow solution for this scenario will be used to illustrate Volante’s parsing. transformation and validation capabilities. fixed-width data described by a COBOL copybook.High Level – Proprietary Fixed-Width to SWIFT MT103 Flow Example Scenario: • A customer’s internal payments application outputs payment messages in a proprietary data format (e. transform it into valid SWIFT format and apply the SWIFT-specified cross-field validation rules to ensure that the message is correct before sending on the SWIFT network. Parse activity for fixed-width proprietary payments data . Mapping activity to transform fixed-width proprietary payments data to SWIFT MT103 . .Validate activity to ensure that the resulting SWIFT MT103 cross-field validation rules are applied Cross-field validation rules are defined and applied exactly as per the published SWIFT message specifications – 100% compliant. SWIFT uses Volante internally within its standards group for validation of message formats and generation of test data tank files. valid SWIFT MT103 message data {1:F01PTSAINB0AXXX0000000000}{2:I103SPXAINB0AXXXN}{4: :20:10-103-NVR-0006 :23B:CRED :23E:CHQB :32A:130320USD15000.Serialize activity to generate the final. :50K:RECEIVERS CORRESPONDENT :59:BENEFICIARY CUSTOMER NAME :71A:SHA -} . :33B:USD15000. Demonstration: Proprietary Fixed-Width Message Data to SWIFT MT103 Message Flow . The modular components can be invoked individually as independent logic “libraries” or as part of an integrated solution for MT to MX/MX to MT parsing. Out-of-the-box – can be used immediately Can be customized using Volante Designer to meet the customer’s specific processing requirements SWIFT Certified (up to and including the last SWIFT certification – 2011.g.: • Can be invoked as part of the mapping Can be invoked and tested independent of the mappings tg_rule_descriptions_credit_trans_cash_mgt. error handling. etc.pdf Complete set of mappings Follows SWIFT Guidelines Implements all functional aspects like copy. Integration Wrapper (Java API) The Translation Kit can be licensed by partners and customers . Technically still “certified” since the standard has not been updated since 2009) Reference Framework to integrate with client environment Message detection. routing. envelope handling. stop and ignore. e. etc. pre-condition.Volante MT to MX/MX to MT Translation Kit • • • Volante has created a MT/MX Translation Kit which is a modular set of components mirroring the SWIFT specifications in every aspect. validation and transformation The Volante MT to MX/MX to MT Translation Kit is comprised of the following components: Function Library (follows the SWIFT ISO 20022 specifications in every aspect) The functions are generic which can be: Mirrors the SWIFT specifications. transform.pdf tr_rule_descriptions_investment_funds. Demonstration: Volante MT to MX/MX to MT Translation Kit . EMEA Volanté Technologies Inc.Thank You: Contact: Mark Chapman Sales Director. EC2M 4YF +44(0) 779 503 1851 +44(0) 203 178 2970 www.volantetech. 9 Devonshire Square London.com Business Information Agility Mark @ volantetech.com .