Financial Services Technology

Today’s world is different and more challenging for the global financial services industry. With continuing instability and uncertainty, increasing regulatory directives 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 enables banks, market infrastructures and large business organisations to streamline, consolidate and better manage their secure transmission platforms for multi-channel, financial data and transaction processing.

Axway’s Financial Services solution offers a wide 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 with more services,
  • market infrastructures to increase the efficiency of the transaction processing networks connecting banks and corporate treasuries,
  • large business organisations to master the schedule of migration towards these new regulations, by continuing to use existing, internal infrastructure assets whilst translating data into compliant formats,
  • all three types of organisations to manage consolidation, reduce maintenance costs and better absorb mergers and acquisitions.

Thanks to Axway’s wide range of financial services solutions, banks, market infrastructures and large business organisations can:

Reduce costs through platform consolidation.

With global financial exchange directives, such as the 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) rearing their heads, Axway solutions can put you ahead of the game 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 are performed, Axway’s Financial Services solutions help you reduce costs whilst 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 protocols such 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’s 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 the 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 list of obligations for the entire Financial Services industry. The success of each initiative depends on the ability to see, analyse and proactively manage all of the different types of interaction occurring 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 income 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 essential if you want to drive core income. Nevertheless, for many financial institutions, establishing each new connection requires a mini IT project. Axway’s solutions close the gap between business relationship management and technical connectivity, allowing you to rapidly develop your business with fast, easy, secure onboarding of customers and partners, including robust community management features that allow you to easily automate enrolment processes like subscription, registration, provisioning, testing and operations.
 
Axway also offers managed services that allow banks and large business organisations to outsource activities, such as customer registration, provisioning of communication endpoints to customers and more. For large business organisations, our solutions also facilitate secure Straight Through Processing (STP) of payment transactions through market infrastructure.