Societe Generale integrates risk systems with Tibco
05 December 2001 | 2051 views | 0
Societe Generale Group has chosen Tibco's Enterprise Application Integration (EAI) solution to streamline its risk evaluation process by integrating information from diverse trade capture systems.
Initially located in New York, the system will integrate Societe Generale's global trade positions so as to improve their Management Information Systems (MIS) value for risk calculations, client relationship or cash management, says the company.
Using the new solution, the bank will have the ability to transfer ownership for data quality to its initial sources, enhance scalability to handle expected volume increases through use of parallel processing, and establish a standard infrastructure for supporting similar functions worldwide.
Sylvain Pendaries, director of debt finance IT, says: "Societe Generale selected Tibco not only for its advanced messaging technology, but also for its end-to-end EAI infrastructure...The solution enables the integration of our diverse systems worldwide, allowing us to provide better return on investment to our customers, while decreasing our internal costs."