InterSystems in Financial Services
Financial services companies are under intense pressure to stay within budget and to control expenditures on information technology. Yet, to satisfy customers and keep pace with the huge and growing volumes of fast-changing data, they must continually develop and deploy high-performance applications and integrated solutions. It makes sense that the people responsible for the world’s money would choose technology that allows them to create solutions that are faster to build, and run faster too.
Our technology powers mission-critical applications in leading financial institutions worldwide, including:
- 5 of the top 10 Broker Dealers
- 4 of the top 10 Asset Managers
- 6 of the top 10 Global Banks
With InterSystems Caché® and InterSystems Ensemble®, financial application developers can meet the market need for high-performance, low-cost financial solutions. Our technology is found in world-class solutions for a wide range of financial services functions, including:
- Straight-through processing for clearing and settlement
- Portfolio management and accounting
- Trade routing and management
- Risk management
- Asset management
- Call center
- E-commerce
- Real-time access to large market databases for advanced analytics
- Reference data management
- Compliance with U.S. requirements for email storage and management
- OFAC*-compliant transaction screening for criminal and terrorist identification
*Office of Foreign Assets Control (of the US Treasury)
Why Do Developers of Financial Services Solutions Choose Our Technology?
Caché and Ensemble share innovative core technology that provides benefits the financial services industry demands.
Lightning-fast performance
The unique multidimensional data structures used by Caché and Ensemble are more efficient for storing and retrieving data than the two-dimensional tables used by relational technology. They eliminate the processing overhead caused by the “joins” and “table-hopping” that relational databases perform to reassemble data for transactions. Less processing overhead means higher performance. In real world applications, solutions based on our technology run faster – often several times faster – than solutions using relational technology.
For financial services solutions, that means lightning-fast transaction processing as well as the ability to deliver information immediately – just when financial professionals need it to make portfolio management and trading decisions that reduce risk and capitalize on opportunities.
Massive scalability
Change, growth, and mergers are major forces in financial services. Solutions that use our technology can grow from a single PC client to networks with hundreds of servers and tens of thousands of clients without changing a single line of code or sacrificing performance. In fact, the largest integrated client/server system in the world, serving over 50,000 users, runs on Caché.
Real-time Data Analytics
We are the only company to offer bit-map indexing technology that is so fast, it is suitable for use with “live” data. As a result, financial analysts need never work with old data, but can perform real-time, advanced analytics on dynamic market data – while the system maintains its high-performance transactional processing. Our products also enable the easy creation of executive dashboards that can display dynamic data in real time.
Robust reliability
The world of finance never sleeps, and financial services solutions have to be always available. We include a number of resiliency features in our products, so the solutions they power can run unceasingly.
Rapid Development, Integration, and Deployment
Our technology is an ideal match for rapid object-oriented development and integration technologies and standards. Because no mapping is required between objects and the innovative multidimensional data structures used by Caché and Ensemble, development times can be cut by as much as 40%. Our products support a wide range of standards found in financial services solutions including XBRL, FpML, MDDL, RIXML, and FIXML. And of course, they work with general software development technologies and protocols like Java, .NET, XML and SOAP, C++, ODBC, JDBC, and many more.
Trustworthy security
To be effective, financial services organizations need to store and share sensitive personal information. Our products include tools that IT professionals can use to build security into their solutions, protecting financial data both “at rest” and “in motion”.
Cost-effectiveness
With their simplified system management, reliability, and high availability, solutions built on our products require minimal administrative resources and so can run at a lower cost. Add that together with typically lower hardware and development costs for solutions running on Caché or Ensemble, and the result is lower total cost-of-ownership. In short, our technology enables developers and integrators to provide the affordable solutions that financial services companies are looking to buy.
CACHÉ IN FINANCE AROUND THE WORLD
Here is a partial list of companies using our technology in financial services applications.
| Company | Application |
|---|---|
| Amalgamated Bank | Asset Management/Risk Management |
| ABN AMRO | Asset Management |
| Agility Investment Services | Market Pump/Trade Order Management |
| Ameritrade | Back Office Processing |
| Arrow Financial | Revenue Recovery System |
| Bank of Scotland | Trading System, Asset Portfolio Management |
| Bank of Hawaii | Asset Portfolio Management |
| Banco Aleman Platino | Risk Management |
| Banesto Bolsa | Back Office Accounting |
| Barclays Bank | Asset Portfolio Management |
| Barings-Ireland | Back Office Accounting |
| BNP Paribas Securities Services | Retail Fund Management System |
| Bankers Trust | Back Office Processing |
| Bank of Montreal | Front and Back Office Processing |
| Bank Adamin-Israel | Back Office Accounting System |
| Cambridge Trust | Portfolio Management |
| CCLA Investment Management | Asset Management |
| Centrotrade Mineral Exchange | Risk Management |
| Ceska Sporitelna | Unit Trust Management System |
| CICLA | Credit Report Generation System |
| Coutts Bank | Asset Portfolio Management |
| DeltaBank | Integrated Front & Back Office Processing, Retail Services |
| Deutsche Bank | Private Banking System, Asset Management |
| Dovetail Systems | STP/Payment Processing |
| Eastern Bank | Asset Portfolio Management |
| Escape/M | Retail Operations System |
| Fiduciary Trust Company International | Equity Management/Asset Portfolio Management |
| First Fidelity | Asset Management |
| Fiserv | Portfolio Management |
| Forum Solutions | Lending Application |
| Franklin Templeton | Financial Data Repository |
| Fuji Bank and Trust | Risk Management |
| Generali International | Asset Management |
| i-Deal (Thompson Financial) | Online-Syndication Process System |
| ING Bank Belgium | Arbitrage |
| Integrated Software Solutions | Securities Processing and Transfer System |
| Hancock Bank | Custody System |
| JPMorgan Chase | Asset Management, Private Banking System, Risk Management |
| Jupiter Asset Management | Asset Management |
| Lehman Brothers | Equity Data Repository System |
| Lloyds Bank | Asset Portfolio Management |
| MDM-Bank | Retail Operations System |
| Mellon Europe | Asset Management |
| Merrill Lynch | Broker Registration System, Payment System |
| National Advisors Holding | Asset Management |
| NatWest | Asset Portfolio Management |
| Ontario Systems | Accounts Receivables Product |
| Palmer and Dodge | Asset Management |
| Programbank-Russia | Integrated Front & Back Office Processing |
| Provident Bank | Portfolio Management |
| Prudential Portfolio Management | Asset Portfolio Management |
| Rathbone Brothers | Asset Management |
| Rhyme Systems | Asset Management |
| Royal and Sun Alliance | Asset Management |
| State Street Bank | Asset Management |
| SunGard | Asset Management System |
| Sanwa Bank and Trust | Risk Management |
| Tradepaq | Time Cost Accounting |
| United Bank | Portfolio Management |
| USERS Inc. | Credit Union Automation |
| VAR Fondsforsikring AS | Asset Management |