Using Microsoft BizTalk Server including BizTalk Accelerator for SWIFT, ING will gain the ability to exchange the complete set of ISO 15022 securities and payments messages directly from their internal applications to increase straight-through processing (STP), support compliance needs and reduce risk.
âWe were looking for a solution where we could maintain our existing ING architecture, and one that was cost effective, easy to implement and offering more control and visibility of our business processes,â said Thomas Schreier, senior vice president, Information Technology, ING Investment Management. âMicrosoftâs BizTalk Accelerator for SWIFT achieves all of this without adding complexity or causing disruption to our existing business operations. Microsoftâs solution provides us with the required interoperability, reliability and flexibility for rapidly creating and deploying SWIFT-based financial messaging solutions as well as meeting our customersâ needs more efficiently and effectively.â
In addition, by using Microsoft BizTalk Server, ING will be able to efficiently transmit information to and from a newly established, centralized data storage system. This system will allow the firm to handle the expected increase of transactions that the business will face in the future as part of its expansion plans.
âThe investment management industry is changing at a rapid pace,â said Dayle Scher, research director, Investment Management, TowerGroup. âAsset managers need to support increasing volumes and support new securities and portfolio strategies. By outsourcing back-office operations, some of the pressure placed on the operations area can be relieved, allowing the firm to focus on its core activities of investing and providing value to its customers.â
âHaving a global company like ING implement BizTalk Server as its financial messaging platform for the future demonstrates Microsoftâs position as a respected leader in the provision of cost-effective, mission-critical, enterprisewide technologies,â said Sheida Hadji-Ashrafi, worldwide industry manager, Payments, at Microsoft. âAlthough primarily driven to save on operations and technology costs, successful outsourcing still demands flexible yet agile integration to existing business processes. BizTalk Server including the BizTalk Adapter for WebSqhere MQ will serve as a bridge between INGâs Microsoft-based platform and its counterpartyâs infrastructure, enabling the firm to use a full range of options for business process integration. We will continue working with ING to further streamline its business and help the firm with its architectural, design and operational reviews going forward.â