The Client
A major global investment bank operating in the United States and more than 25 other countries with assets of over $75 Billion and a staff of 25,000. They are involved in all levels of capital markets and financial investments, providing services to government, commercial, and individual clients.
The Engagement
Encode was asked to develop a proof-of-concept to demonstrate a viable messaging hub replacement strategy. The existing hub, was built internally over a period of many years, was not scalable and was difficult to maintain.
Encode found and remedied multiple problems with recoverability of transactions as well as proactively identified and solved many issues prior to implementation. Several of these were traced to client or third party software add-ons.
Critical Services Delivered
Encode analyzed the client's existing infrastructure architecture and completed a business needs analysis.
Encode then installed WebSphere Business Integrator for Financial Network and conducted numerous bench mark performance testing scenarios to help the client better plan for a migration effort.
- Infrastructure Analysis
- Business Needs Analysis
- Proof-of Concept
Technology Used
The client and Encode Architect selected both IBM WebSphere Business Integration for Financial Networks (WBIFN) and WebSphere MQ for this project: "MQSeries based messaging is the recommended approach for data integration, ensuring a high level of flexibility, transactional security, and the broadest platform coverage. (...note in passing that WebSphere Business Integrator also supports data integration using object-oriented paradigms with CORBA or RMI/IIOP based interaction protocols)." (IBM*)
WBIFN "...is IBM's strategic infrastructure for financial payment messaging. This solution gives banks, stock exchanges, and other financial institutions a single platform for all of their communications channels. WebSphere Business Integration for Financial Networks offers a robust, reliable, and highly scalable messaging infrastructure that helps... simplify operations, consolidate resources and improve productivity through its centralized services. This standards-based platform enables you to build on current network technology investments as your business grows and adapts to changes in industry requirements and government regulations. This solution helps you protect your existing investments in IT infrastructure while providing a platform for centralizing... external communication needs." (IBM*)
*Copy which describes IBM products is adapted from the copy provided on the IBM website. Consult www.ibm.com for further information.
Project
Infrastructure Enhancement/Proof-of-Concept
Service
Proof-of-Concept including infrastructure analysis, architectural design, software installation, configuration and integration.
Software
IBM WebSphere Business
Integrator for Financial
Networks
IBM WebSphere Application
Server
Challenges
The client's existing messaging hub was not scalable, did not handle transaction recovery process well, and had numerous third party or proprietary software incompatibilities.