Princeton, NJ USA (June 23, 2003) -- Princeton Financial Systems has introduced PAM InfoStream, an interface technology that raises the level of automation of the company’s PAM portfolio management and accounting system by seamlessly integrating its object-oriented and message-based business intelligence engine with XML-based web services and middleware. This enables users to take greater advantage of the Internet and their existing middleware infrastructures to gather and deliver information. It also enables them to achieve greater efficiencies in system integration and client reporting in order to leapfrog faster to straight through processing.
As Princeton Financial’s next-generation computing platform, InfoStream builds upon and augments PAM’s proven and successful development and interface tools to create a structure for web services. These tools include:
- The PAM Software Developers Kit (SDK) for building customized interfaces, screens and reports using its Microsoft COM wrapper.
- The PAM Import Module for automatically importing data from an unlimited number of external systems into PAM.
- The PAM Export Module for exporting PAM data to any ODBC-compliant data warehouse to run customized reports without using third-party software to access PAM-converted tables for reporting information.
InfoStream will incorporate web services based on the Microsoft .NET framework and will support best-of-breed middleware platforms. InfoStream’s design provides several important benefits for users:
- InfoStream’s web services interface will enable the development of scalable reporting and transactional web interfaces that can be rendered on a variety of platforms, from web browsers to PDAs (personal digital assistants) and mobile phones.
- InfoStream’s web services interface will be easily accessible because it is standards-based, employing Simple Object Access Protocol (SOAP) at its core.
- InfoStream’s use of middleware leverages clients’ existing middleware infrastructures, creating cost savings.
- InfoStream will enable direct cross-platform system integration, eliminating many of the steps required by file-based interfaces. As a result, InfoStream-based applications can be developed for Windows, UNIX, LINUX, Macintosh and mainframe platforms.
The PAM SDK, Import Module, and Export Module raised the level of PAM’s automation by making it easier to access and manipulate data for system integration and reporting. InfoStream takes system integration, reporting, and application development even further, enabling users to directly access real-time information across disparate platforms without cumbersome intermediate steps.
"As a one-step, standards-based, real-time, cross-platform and reliable reporting and interfacing tool, InfoStream will make the process of system integration and reporting more transparent for our clients," said Princeton Financial Chief Technology Officer, Charlie Morris. "They will get unimpeded access to the rich business information they need. Their integration and reporting efforts will be more efficient and cost-effective, enabling them to better serve their own clients. Just as InfoStream sets Princeton Financial apart from our competition, it will set our clients apart from their competition."
The InfoStream framework is currently scheduled to be outfitted with web services and middleware in early 2004, and leveraging them will begin later in the year.
Princeton Financial® Systems, a wholly owned subsidiary of State Street Corporation, is a leading provider of investment management and accounting systems and ASP services for global institutional investors. Its flagship PAM® investment management systems provide comprehensive STP-ready functionality that can be licensed for in-house use or accessed via the Internet. PAM systems are currently used worldwide by over 350 leading investment managers, insurance companies, mutual funds and unit trusts, pension funds, hedge funds, endowments, banks, and corporations, which manage combined total assets over US $3 trillion. Princeton Financial has offices located in the United States, United Kingdom, Belgium, Australia, Singapore, and Canada.