Financial Services Technology

It’s a different and more challenging world now for the global financial services industry. With continuing instability and uncertainty, increasing regulatory mandates, and a record number of mergers and acquisitions, a secure data transmission platform that enables business continuity is fundamental to the future of every financial institution.

Axway’s Financial Services solution offers a broad range of functionality, including Managed File Transfer (MFT), community management, multi-enterprise collaboration, analytics and process management. By providing visibility, security and control over transaction flows, Axway’s Financial Services solution lowers costs and reduces risks, enabling:

• banks to streamline operations and turn upcoming regulatory obligations into business opportunities – such as expanding their market reach to attract new corporate customers and to provide them more services
• market infrastructures to enhance efficiency of the transaction processing networks connecting banks and corporate treasuries
• corporations to master the schedule of migration toward these new regulations, by continuing to use existing internal infrastructure assets while translating data into compliant formats
• all three types of organizations to manage consolidation, reduce maintenance costs and better absorb mergers and acquisitions

Axway enables banks, market infrastructures and corporations to streamline, consolidate and better manage their secure transmission platforms for multi-channel financial data and transaction processing.

Reduce costs through platform consolidation.

With global financial exchange mandates such as Single Euro Payment Area (SEPA), Payment Services Directive (PSD), and the National Automated Clearing House Association’s (NACHA) new rules and new format for international ACH transactions (IAT) coming down the pike, Axway solutions can put you ahead of the curve with proactive compliance and a golden opportunity to attract new customers. By consolidating all of your financial flows and providing real-time integration, security, and visibility into payment processes as they occur, Axway Financial Services solutions help you reduce costs while ensuring that your high-value payment flows meet processing deadlines and satisfy new requirements for service-level agreements (SLAs).

Axway has a long history of expertise in financial services infrastructure and security, having authored or co-authored such protocols as PeSIT, AS2 and Secure Sockets Layer (SSL). Axway’s solutions are certified as an Electronic Banking Internet Communications Standard (EBICS) provider, and are compliant with SWIFT, IS0 20022, SEPA, NACHA IAT, FIX and more.

Axway solutions provide full support for SWIFTNet and EBICS protocols, and a smooth transition path from ETEBAC, which will be phased out in 2012.

Manage risk and ensure compliance through policy-based governance.

Managing liquidity, preventing data loss, and complying with industry and government regulations such as PCI Security Standards Council, Single Euro Payment Area (SEPA), Gramm-Leach-Bliley Act (GLBA), Sarbanes-Oxley (SOX) and others are now at the top of the mandate list for the entire Financial Services industry. The success of each initiative depends on the ability to see, analyze, and proactively manage all of the different types of interactions happening within your trading ecosystem. Axway Financial Services solutions deliver the complete transparency and control necessary for effective automation, risk management, cost control, and regulatory compliance throughout your business interaction network.

Drive core revenue through efficient transactions and community management.

With risky business a thing of the past, providing more traditional, transaction-based services to new partners and customers is key to driving core revenue. But for many financial institutions, establishing every new connection requires a mini IT project. Axway solutions close the gap between business relationship management and technical connectivity, allowing you to rapidly grow your business with fast, easy, and secure on-boarding of customers and partners, including robust community management features that allow you to easily automate enrollment processes like subscription, registration, provisioning, testing, and operations.

Axway also offers managed services that allow banks and corporations to outsource activities such as customer enrollment, provisioning of communication endpoints to customers, and more. For corporations, our solutions also facilitate secure Straight Through Processing (STP) of payment transactions through market infrastructure.