White Outsourcing will work with the Decillion Group, a trusted Microsoft partner in the Asia Pacific region, to implement the solution based on Microsoft BizTalk Server 2006 including Microsoft BizTalk Accelerator for SWIFT. This approach will provide White Outsourcing with access to industry value and innovation through the collaborative nature of Microsoftâs partner ecosystem.
Under the new agreement, White Outsourcing will take advantage of Decillionâs Microsoft technology-based, modular automated processing system (MAPS), which will be built around White Outsourcingâs existing business process technology. MAPS will allow White Outsourcing to accommodate the high message volumes it has been experiencing and will enable the company to scale as these levels continue to grow.
âOutsourcing providers and SWIFT service bureaus must accommodate rapid message volume growth while offering their customers affordable, reliable SWIFT connectivity and helping drive operational efficiencies and excellence,â said Sheida Hadji-Ashrafi, worldwide industry manager for Payments at Microsoft. âThe solution being provided to White Outsourcing demonstrates an innovative approach to these industry challenges. Microsoft is working to empower its trusted partners like Decillion to provide deep industry value in the technology they develop, and this approach allows us to enable customers to realize greater value from their technology investments.â
âWe anticipate having over 40 fund managers utilizing White Outsourcingâs services through the Decillion SWIFT service bureau, and it will be vital for us to quickly and easily innovate to meet industry growth,â said Andy Harrison, director at White Outsourcing. âDecillionâs hosted application services based on Microsoft technologies provided the strongest solution and will allow us to scale and quickly add new message types as required in the future.â
âBy partnering with Microsoft, weâve provided greater industry value to help fuel funds processing efficiencies for White Outsourcing,â said Thomas Lee, CEO of Decillion. âMicrosoft provided us with a solid and highly secure foundation for our technology, and this will enable us to help White Outsourcing accelerate its adoption of SWIFTNet Funds in the near future.â
White Outsourcing forecasts its current message volumes to grow at a rate of 50 percent over the next 12 to18 months. It expects to extend the use of current MT messages and also include support for additional MX messages, which will be part of the SWIFTNet Funds services. Under the current implementation, 18 SWIFT message types will be supported, spanning areas of financial institution payments and cash management, corporate actions, and securities trades, providing the companyâs customers with seamless SWIFT connectivity.
Currently being implemented, the project is expected to be live by the fourth quarter of 2008.