InterSystems in Financial Services
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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 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 also run faster.
InterSystems Caché® is the high-performance object database that runs SQL faster than relational databases. By eliminating object-relational mapping, Caché dramatically accelerates application development and decreases time-to-market.
InterSystems Ensemble® is a rapid integration platform for connecting multiple systems and processes. It allows you to leverage existing applications – without rewriting them – by adding rich Web interfaces, adaptable workflow, rules-based business processes, and more.
Our technology powers mission-critical, high-volume trading applications in leading financial institutions worldwide, including:
- 5 of the top 10 Broker Dealers
- 5 of the top 10 Asset Managers
- 6 of the top 10 Global Banks
With Caché and Ensemble, financial services application developers can meet the need for high-performance, low-cost solutions. Our technology is found in world-class solutions for a wide range of financial services activities, including:
- Database acceleration, including trade acceleration, routing, and management
- Real-time processing of highly distributed data
- High-volume market data capture for pricing
- Risk management
- Real-time P&L analysis
- Portfolio management and accounting
- Asset management
- Straight-through processing for clearing and settlement
- Real-time access to large market databases for advanced analytics
- Market data and reference data management
- Compliance
Why Do Developers of Financial Services Solutions Choose Our Technology?
Caché and Ensemble share innovative core technology that provide 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 products built on 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 applications, 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 distributed 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 a database product with 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 always be available. We include a number of resiliency features in our products, so the solutions they power can run constantly.
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 object technology supports the use of Java, EJB, .NET, XML and SOAP, C++, and other object-oriented languages and protocols. But even when modeled as objects, all data is automatically accessible via ODBC and JDBC.
Seamless XML support
Caché and Ensemble transparently parse XML, and store data without the need for mapping to relational data structures. The results are higher processing speeds and faster application development. Our products support a wide range of standards found in financial services solutions including XBRL, FpML, MDDL, RIXML, and FIXML.
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.
InterSystems in Financial Services Around the World
Here is a partial list of companies using InterSystems’ 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 |
| Arrow Financial | Revenue Recovery System |
| Banco Aleman Platino | Risk Management |
| Banesto Bolsa | Back Office Accounting |
| Bank of Hawaii | Asset Portfolio Management |
| Bank of Montreal | Front & Back Office Processing |
| Bankers Trust | Back Office Processing |
| Bank Adamin-Israel | Back Office Accounting System |
| Barclays Bank | Asset Portfolio Management |
| Barings-Ireland | Back Office Accounting |
| BNP Paribas Securities Services | Retail Fund Management System |
| Bradford and Bingley | Investment Management |
| Cambridge Trust | Portfolio Management |
| CCLA Investment Management | Asset Management |
| Centrotrade Mineral Exchange | Risk Management |
| Ceská sporitelna | Unit Trust Management System |
| CICLA | Credit Report Generation System |
| Coutts Bank | Asset Portfolio Management |
| Credit Suisse | Algorithmic Trading & Trade Management |
| DeltaBank | Integrated Front & Back Office Processing, Retail Services |
| Eastern Bank | Asset Portfolio Management |
| Escape/M | Retail Operations System |
| Fairbairn | Private Banking |
| 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 |
| Friends Provident | Asset Management |
| Fuji Bank and Trust | Risk Management |
| Generali International | Asset Management |
| i-Deal (Thompson Financial) | Online-Syndication Process System |
| Integrated Software Solutions | Securities Processing & Transfer System |
| Hancock Bank | Custody System |
| HSBC | Asset Management |
| HBOS plc | Wealth Management |
| JPMorgan Chase | Asset Management, Private Banking System, Risk Management |
| Jupiter Asset Management | Asset Management |
| Legal & General | Investment Managements |
| Lehman Brothers | Equity Data Repository System |
| Lloyds Bank | Asset Portfolio Management |
| M&G Investments | Wealth Management |
| MDM-Bank | Retail Operations System |
| Mellon Europe | Asset Management |
| Merrill Lynch | Broker Registration System, Payment System |
| Mizuho | Bond Trading Application |
| Moore Capital Investment | Central Repository for Trade Management |
| National Advisors | Holding Asset Management |
| NatWest Asset | Portfolio Management |
| Northern Trust | International Banking Platform |
| 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 |
| Rathbones | Asset Management |
| Rhyme Systems | Asset Management |
| Royal Bank of Scotland | Asset Management |
| Royal and Sun Alliance | Asset Management |
| Sanwa Bank and Trust | Risk Management |
| Skandia | Portfolio Management |
| State Street Bank | Asset Management |
| SunGard | Asset Management |
| TD Ameritrade | Back Office Processing |
| Tradepaq | Time Cost Accounting |
| United Bank | Portfolio Management |
| USERS Inc. | Credit Union Automation |
| VAR Fondsforsikring AS | Asset Management |