Upgrade furthers efficiency across financial institutions’ business processes
Dion Global Solutions announces today the launch of X-Gen 4, the latest version of its business process engine X-Gen. The upgrade includes improvements to a wide variety of features simplifying deployment, access, operations and rule development.
X-Gen enables straight-through processing throughout the middle and back-office of financial institutions while interfacing with trading room applications to provide complete front-office integration. It provides powerful and robust support for connectivity, message formatting, validation, transformation, data orchestration and workflows across multiple business processes and a variety of applications.
Version 4 includes a new graphical rule designer that simplifies the design, development and testing of complex rules, while enhanced reporting improves impact analysis and scenario testing around rule changes and upgrades.
A new web-based client interface allows users to access X-Gen through proprietary or third-party architecture, enhancing administration and deployment capabilities while new modules, including FIXML Message Parser and AMQP adapter (Advanced Message Queue Protocol), offer further connectivity.
“In a world where enterprise-wide risk management, compliance and transparency are now essential, financial institutions are examining their business processes to ensure they can deliver on this,” says Andreas Wagner, Managing Director, Dion Global Solutions GmbH. “X-Gen supports the fundamental building blocks of trading and investment processes through a powerful engine that drives integration, straight-through processing and connectivity. Our continued development of the solution means firms can be as efficient and effective as possible in an increasingly complex operating environment.”
X-Gen is used by more than 60 financial institutions across the globe and provides the underlying architecture for a number of Dion’s solutions including FinTRACE, a web-based application providing full automation of the investigation and management of financial transaction exceptions, and FATCA TRAC, a one point solution for FATCA compliance.