Reference Data
Automate and Streamline Financial Business Processes

The need to cut costs in back office transaction processing is an overwhelming imperative for financial institutions, and problems with reference data are the cause of a majority of errors at most banks and brokerage firms. The need is immediate and the problems are complex.

Traditional reference data solutions are focused primarily on integrating external database references and inbound data feeds and reconciling these multiple sources. While a centralized “golden copy” reference database is the ideal solution, implementing a global reference database in a live transaction environment and managing interfaces with dozens or hundreds of applications is enormously complex.

Leverage Best-of-breed Transaction Processing Solutions

Vitria delivers best-of-breed products for reference data and application integration, engineered to work together as a rapid deployment platform. This offers financial services firms their best means of addressing these problems in a scalable, adaptable and cost-efficient manner.

Vitria enables financial institutions to capture the immediate benefits of a storehouse of clean data through field level synchronization with internal application databases, while managing a staged migration to global application interoperability with centralized reference databases.

Business Benefits

	Reduces costs associated with manual repairs (operations)
	Provides real-time visibility into processing bottlenecks, allowing for scarce resources to be deployed against problem areas in real-time
	Reduces risk through minimizing open and unsettled trade positions that entail market risk
	Provides end-to-end transaction visibility across internal systems and external counterparties, through a multitude of transformations, to enable tracking of STP errors back to the originating source of the error
	Offers ability to proactively manage counterparty relationships by providing detailed exception information, facilitating STP with trading partners