Volante Technologies

SIMPLIFYING MESSAGING

CONNECTIVITY

SWIFT User Group Meeting Poland

Mark Chapman and Chris Stares

March 2013

Agenda

Introduction

Volante Business Overview Product positioning and case studies

Volante Product Overview What the product does

Product Demonstration

Q&A

What is our purpose ?

Challenges of Standards Landscape Domain Front Middle Back

Capital Markets FIX, FpML, SWIFT FIN MT5nn, ISO 20022, MDDL

FIX, FpML, SWIFT FIN MT5nn,

ISO 20022, MDDL Euroclear, Omgeo OASYSGlobal and CTM, TRAX, AVOX, CREST

FIX, FpML, SWIFT FIN MT5nn,

ISO 20022, MDDL Euroclear, Omgeo OASYSGlobal and CTM, TRAX, Avox, CREST

OTC Derivatives FpML, DTCC, MarkitWire FpML, DTCC, MarkitWire FpML, DTCC, MarkitWire

Payments SWIFT FIN MT1nn, ISO 20022 PAIN, SEPA, STEP2, EDIFACT, X.12, Domestic legacy ACH

ISO 20022, MTn92 SWIFT FIN MT1nn, 2nn, 4nn,

9nn, ISO 20022 PACS, SEPA, STEP2, EDIFACT, X.12, Domestic legacy ACH

Insurance ACORD, Origo ACORD, Origo

ACORD, Origo

Investment Funds ISO 20022, 15022 ISO 20022, 15022

ISO 20022, 15022

Treasury SWIFT FIN MT3nn, ISO 20022, FIX, FpML

SWIFT FIN MT3nn, ISO 20022, FIX, FpML

SWIFT FIN MT3nn, ISO 20022, FIX, FpML

Exchanges FIX, FAST, Proprietary API N/A N/A

About Volante Founded in 2001

Headquartered in New York

Offices in London, New Jersey, Dubai, Mexico City and Chennai

Data Integration Accelerator that:

Transforms the ease of integrating heterogeneous data sources and standards

Financial Formats (SWIFT, ISO 20022, FIX,, FpML, ACH, EDI, MT/MX, etc.)

Structured and Unstructured Proprietary Formats

Document Style Formats (PDF, Excel, Word, etc.)

Provides exceptional performance with low latency

Rapid ROI and low TCO with easy maintenance

Runs on any platform, home grown or standards based

Intuitive design environment for definition of: Parsing, Routing, Validation, Enrichment & Transformation

Code generation

Browser based input, repair and dashboards

Our clients are tier one organizations Investment Banks, Brokers, Investment Managers, Exchanges, Clearing Houses,

Hedge funds, Corporates, Systems Integrators, Utilities and Application Vendors

Volante Run Time Code (App Server, JVM, ESB, SaaS, Cloud)

RDBMS

or

CACHE

ERP

System

Treasury

System

Payments

System

AML/KYC

System

Volante Design Time

defines:

Routing Validation Transformation Enrichment Testing

SWIFT

MT101

SEPA

ISO 20022 ACH Formats

ISO 8583

EDIFACT

X.12/BAI

XML

Via ESB

CSV

Via FTP

Fixed

Width

Via MQ

Tag=Value

DB Table

Volante Dashboard for

Monitoring &

Repair (using

Webforms Designer)

Persistence

&

Enrichment

Java, C++, C#

Volante plug-ins for

Any Format

Via any Transport

Volante plug-ins for

Industry Standards

What We Do Payments Example

Volante Run Time Code (App Server, JVM, ESB, SaaS, Cloud)

RDBMS

or

CACHE

Trading System(s)

Conf/Affirm System(s)

Settlement System(s)

Reconciliation System

Volante Design Time

defines:

Routing Validation Transformation Enrichment Testing

SWIFT ISO15022 ISO20022

FIX

FpML

Omgeo

DTCC

MarkitWire

Reuters

Bloomberg

XML

Via ESB

CSV

Via FTP

Fixed

Width

Via MQ

Tag=Value

DB Table

Volante Dashboard for

Monitoring &

Repair (using

Webforms Designer)

Persistence &

Enrichment

(Ref Data)

Java, C++, C#

Volante plug-ins for

Any Format

Via any Transport

Volante plug-ins for

Industry Standards

What We Do Capital Markets Example

Application Server

Outbound Flow

ACH Flow

XML Outbound

Routing

MT101

MT103

MT104

Paymul

Payments

(Bulked XML)

Payments

(Bulked XML)

MT10x

Paymul

ACH

Swift

Alliance

Access (real-time)

FileAct

(Bulk Payments)

Payment

Application

High Level Outbound Flow

MT10x

VOLANTE

Case Study : large corporation

Bulk Payments Solution Architecture

WebLogic Application Server

Accounting

System

Volante

Solution

Enabler

Payment/Remittance DISBURSMENT INSTRUCTIONS

Message Transport

CUSTOMERS

Corporates

Governments

FX-

Trading

System

PARTNERS

COUNTRY-1

Benfificiaries

Corporates

Govts

Pensioners RISK-Management

System

MQ

File,

FileAct

FTP

etc

MQ

File,

FileAct

FTP

etc

MQ Message Transport

COUNTRY-2

Benfificiaries

Corporates

Govts

Pensioners

COUNTRY-n

Benfificiaries

Corporates

Govts

Pensioners

CASE STUDY : Global bank

Global Payment Transaction System

150 countries

proprietary, SWIFT, SEPA, etc

EXPRESS ELIXIR SYSTEM REAL TIME PAYMENTS SYSTEM

Interfaces

ISO 20022 CSV SORBNET/SORBNET2

Core System

Bank A National Bank of Poland Bank B

System Settlement

Account Credit/Debit

Bank A Account

Credit/Debit

Imm

ed

iate

Tra

nsfe

r

Bank B Account

Credit/Debit

Imm

ed

iate

Tra

nsfe

r

Proprietary Fixed-Width Data

to

SWIFT MT103

to

MX PACS 008

Process Flow

Product Overview

Composer

Cartridge (Metadata Model)

Transformation

Normalization

Formatting

Validation

Message Flow

Director

Data Governance

Simulator

Testing Application

Debugging

Data Generation

C++

Generators

Code

Java/EJB C++ C#

Document

Publisher

Message Definition

xml csv

DB

Run Time

Any ESB Or

CEP Engine

Any Application

Or Web Server

Any Application

Or Middleware Any Database

Design Time

Volante Designer Data Formats SWIFT ISO 7775

ISO 15022

ISO 20022

MT-MX translations

Payments SEPA, ACH, EDI, BAI2, ISO 8583

Market Data Bloomberg

Reuters

CurreneX

FAST(OPRA,CME, FIX)

Trade Processing FIX & CMS

Reference Data Bloomberg backoffice

Reuters DataScope

S&P

Derivatives FpML (supports ISDA,

SWIFT-CUG, DTCC)

Generic Proprietary Data

Fixed-Width

ASCII Delimited

XML Data

COBOL Copybook

Batch Processing COBOL Copybook, XML

Plug-Ins

Format Generic Domain Specific

Persistence

Designer

WebForms

Designer

High Level Proprietary Fixed-Width to SWIFT MT103 Flow

Example Scenario:

A customers internal payments application outputs payment messages in a proprietary data format (e.g. fixed-width data

described by a COBOL copybook, as shown below):

PTSAIN10-103-NVR-0006 0000 000000USD091120 000000000015000SPXAIN N RECEIVERS CORRESPONDENT NEW YORK BRANCH RECEIVERS CORRESPONDENTNEW YORK BRA BENEFICIARY CUSTOMER NAME BENEFICIARY CUSTOMER NAME /REC/INSTRUCTION FOR RECEIVER 00015000USD SHAUSD

Data to be sent to the SWIFT network via SWIFT Alliance Access gateway must be in valid SWIFT format

A solution is required to parse (read and validate the structure of) the proprietary payment message data, transform it into valid

SWIFT format and apply the SWIFT-specified cross-field validation

rules to ensure that the message is correct before sending on the

SWIFT network.

A simple Volante message flow solution for this scenario will be used to illustrate Volantes parsing, transformation and validation capabilities.

Volante fixed-width data (COBOL copybook) to

MT103 message flow

Parse activity for fixed-width proprietary payments data

Mapping activity to transform fixed-width proprietary payments data to SWIFT MT103

Validate activity to ensure that the resulting SWIFT MT103 cross-field validation rules

are applied

Cross-field validation rules are defined and applied exactly as per the published SWIFT message specifications 100% compliant. SWIFT uses Volante internally within its standards group for validation of message formats and

generation of test data tank files.

Serialize activity to generate the final, valid SWIFT MT103 message data

{1:F01PTSAINB0AXXX0000000000}{2:I103SPXAINB0AXXXN}{4:

:20:10-103-NVR-0006

:23B:CRED

:23E:CHQB

:32A:130320USD15000,

:33B:USD15000,

:50K:RECEIVERS CORRESPONDENT

:59:BENEFICIARY CUSTOMER NAME

:71A:SHA

-}

Demonstration:

Proprietary Fixed-Width Message Data

to

SWIFT MT103

Message Flow

Volante MT to MX/MX to MT Translation Kit Volante has created a MT/MX Translation Kit which is a modular set of components mirroring the SWIFT

specifications in every aspect.

The modular components can be invoked individually as independent logic libraries or as part of an integrated solution for MT to MX/MX to MT parsing, validation and transformation

The Volante MT to MX/MX to MT Translation Kit is comprised of the following components:

Function Library (follows the SWIFT ISO 20022 specifications in every aspect) The functions are generic which can be:

Can be invoked as part of the mapping Can be invoked and tested independent of the mappings

Mirrors the SWIFT specifications, e.g.: tg_rule_descriptions_credit_trans_cash_mgt.pdf tr_rule_descriptions_investment_funds.pdf

Complete set of mappings Follows SWIFT Guidelines Implements all functional aspects like copy, transform, stop and ignore, pre-condition, etc. Out-of-the-box can be used immediately Can be customized using Volante Designer to meet the customers specific processing requirements SWIFT Certified (up to and including the last SWIFT certification 2011. Technically still certified

since the standard has not been updated since 2009)

Reference Framework to integrate with client environment Message detection, routing, error handling, envelope handling, etc. Integration Wrapper (Java API)

The Translation Kit can be licensed by partners and customers

Demonstration:

Volante MT to MX/MX to MT Translation Kit

Thank You:

Contact: Mark @ volantetech.com

Mark Chapman Sales Director, EMEA Volant Technologies Inc. 9 Devonshire Square London, EC2M 4YF +44(0) 779 503 1851 +44(0) 203 178 2970 www.volantetech.com

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