22 April 2018
Visit https://aciworldwide.webex.com

RBC Financial selects Vitria:BusinessWare for STP integration

04 November 2003  |  6488 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  |  4334 views  |  0 comments
RBC Financial Group consolidates IT support with Peregrine Systems

RBC Financial Group consolidates IT support with Peregrine Systems

30 April 2003  |  2731 views  |  0 comments
RBC Royal Bank adds chip to travel card

RBC Royal Bank adds chip to travel card

19 March 2003  |  2659 views  |  0 comments
Thomson Financial wins five year RBC Investments deal

Thomson Financial wins five year RBC Investments deal

12 March 2003  |  4749 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comVisit http://wup.digital

Top topics

Most viewed Most shared
Top tier banks pass first transactions on trade finance blockchainTop tier banks pass first transactions on...
11229 views comments | 19 tweets | 26 linkedin
TransferWise becomes first non-bank to open settlement account with BofE RTGSTransferWise becomes first non-bank to ope...
9980 views comments | 18 tweets | 32 linkedin
Revolut launches spare change savings toolRevolut launches spare change savings tool
9871 views comments | 14 tweets | 19 linkedin
Barclays Bank sets up tech venture unitBarclays Bank sets up tech venture unit
9057 views comments | 16 tweets | 22 linkedin
Goldman Sachs acquires PFM startup Clarity MoneyGoldman Sachs acquires PFM startup Clarity...
8468 views comments | 9 tweets | 10 linkedin

Featured job

Basic c. EUR 90K OTE c. EUR 180K plus full bene...
Paris (preferred) or London

Find your next job