18 December 2017
Visit http://cib.db.com

UBS Global Asset Management links fund administration operations with SeeBeyond

11 October 2004  |  3737 views  |  0 UBS.gif

UBS Global Asset Management has deployed the SeeBeyond platform to integrate its fund administration operations located in Basel and Luxembourg with its recently established New Fund Administration Platform (NFAP).

The company decided to establish the NFAP to enable a more efficient flow of data between its internal and external applications, while offering simplified management across its business processes. The platform replaces existing point-to-point links using SeeBeyond's integrated composite application network (SeeBeyond ICAN) for developing integration and composite application solutions.

UBS says it selected SeeBeyond as it was able to fulfil requirements including data conversion, the design and management of data flow and the operation, monitoring and control of data transport between internal and external applications. SeeBeyond supports almost all business processes for fund administration, including initial capture of buying and selling, pricing inquiries of market-data companies, annual reports and the publication of fund prices.

The NFAP solution has been in production since June 2004, with some components, including Swift interfaces and a link to Bloomberg, having been in operation since October 2003. Ultimately the SeeBeyond solution will support all the UBS fund administration processes. Today, the new platform connects the internal enterprise systems with external systems via electronic interfaces. By the end of 2004, UBS Global Asset Management plans to bring the Swiss funds on board, with the funds of Great Britain targeted for 2005.

Gerhard Fusenig, head of Investment Fund Services, UBS Global Asset Management, says: "It is our aim to increase efficiencies, to create synergies, to eliminate manual processes and to reduce operational risks through the adaptation of business processes across countries. Without SeeBeyond, UBS would have to build each interface manually and implement independent point-to-point connections. The cost for the maintenance alone would be enormous and the flexibility needed to support the business could not be achieved."

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

UBS Global Asset Management deploys CheckFree's Tradeflow TPM

UBS Global Asset Management deploys CheckFree's Tradeflow TPM

14 April 2004  |  4637 views  |  0 comments
Credit Andorra implements SeeBeyond middleware platform

Credit Andorra implements SeeBeyond middleware platform

29 March 2004  |  3674 views  |  0 comments
Barep creates STP repository with SeeBeyond

Barep creates STP repository with SeeBeyond

09 March 2004  |  3483 views  |  0 comments
KBC integrates applications with SeeBeyond

KBC integrates applications with SeeBeyond

15 December 2003  |  3888 views  |  0 comments
SeeBeyond wins SwiftReady EAI Gold

SeeBeyond wins SwiftReady EAI Gold

02 December 2003  |  3711 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.aciworldwide.comvisit www.niceactimize.comvisit www.ebaday.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
11315 views comments | 3 tweets | 4 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
10389 views comments | 21 tweets | 26 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7823 views comments | 19 tweets | 22 linkedin
Digital banking startup Loot secures £2.2 million seed roundDigital banking startup Loot secures £...
7579 views comments | 5 tweets | 11 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
7470 views comments | 6 tweets | 26 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job