20 January 2018
visit http://response.ncr.com

RBC Financial selects Vitria:BusinessWare for STP integration

04 November 2003  |  6442 views  |  0 RBC Financial selects Vitria:BusinessWare for STP integration

Royal Bank of Canada (RBC) Financial Group is rolling out California-based Vitria's BusinessWare EAI software across the enterprise and has also contracted with the vendor for the development of a trade management and STP integration platform for its wealth management division.

Vitria says the technology will be used by RBC Financial Group to ensure its customers' data is automatically passed between systems without any manually re-keying of information.

Morteza Mahjour, senior vice president of enterprise information and technology services, RBC Financial Group, says the technology will "transform our business processes to be simple, flexible and efficient to enable a differentiated customer experience."

Vitria will also use its BusinessWare software to develop an end-to-end STP platform built on an enterprise application integration framework for the group's wealth management division, RBC Investments.

The vendor will also develop an interface from RBC Investments' proprietary trade management software to a commercial OMS application. Vitria will also provide an interface between RBC Investments' trading and accounting systems, enabling the real-time posting of transactions and seamless record keeping.

Jim Brown, vice president and director of information technology, RBC Investments, says: "The drivers for our selection of Vitria were improved connectivity between the people, processes and systems involved in the trading lifecycle combined with improved accuracy in dealing with trade execution and settlement."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

RBC live with Anvil Software's clearing management module

RBC live with Anvil Software's clearing management module

22 May 2003  |  4295 views  |  0 comments
RBC Financial Group consolidates IT support with Peregrine Systems

RBC Financial Group consolidates IT support with Peregrine Systems

30 April 2003  |  2688 views  |  0 comments
RBC Royal Bank adds chip to travel card

RBC Royal Bank adds chip to travel card

19 March 2003  |  2642 views  |  0 comments
Thomson Financial wins five year RBC Investments deal

Thomson Financial wins five year RBC Investments deal

12 March 2003  |  4731 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.fivedegrees.nlvisit www.ebaday.com

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
12421 views comments | 33 tweets | 38 linkedin
BofA leads on blockchain patentsBofA leads on blockchain patents
7827 views comments | 12 tweets | 12 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
7667 views comments | 14 tweets | 14 linkedin
hands typing furiouslyFintech Adoption is About People, Not Tech
6787 views 1 | 6 tweets | 2 linkedin

Featured job

Competitive base + commission
New York City, NY - USA

Find your next job