Informatica Corporation (NASDAQ: INFA), the world's number one independent leader in data integration software, today announced that it has partnered with Intel Corporation to embed Informatica B2B Data Transformation software as an integral part of the Intel SOA Expressway, a software appliance that uses industry standard technologies to simplify, accelerate and secure message based B2B and system to system solutions.
The Informatica software enhances SOA Expressway with pre-built data transformation plug-ins for integrating and transforming data from legacy and proprietary formats to SWIFT (Society for Worldwide Interbank Financial Telecommunication) and other payment networks, thus accelerating integration and messaging of financial industry information across disparate formats and systems.
Informatica B2B Data Transformation extends the capabilities and value of SOA Expressway by enabling it to access and convert data from almost any source and deliver it to target systems in any format with the broadest industry standards coverage including SWIFT, NACHA, BAI, FpML, FIX and Telekurs VDF. The embedded Informatica software supports structured, semi-structured and unstructured including unique support for documents like Word, Excel, PDF and other formats.
With this new solution, customers can reduce the time it takes to onboard new customers from weeks to days. In addition, this solution will help to reduce development and maintenance costs by 50 percent or more.
"This is a significant capability," said Nigel Woodward, Global Director Financial Services ESS, Intel Corporation. "SOA-Expressway has optimized performance on Intel's range of Xeon Multicore processors, meaning that hardware and software can take advantage of the lowest costs and highest performance. By working with Informatica we add the vital dimension of financial services expertise and ongoing currency of message formats without the need for proprietary appliances. We view network connectivity and messaging as central to online business processes which will continue to grow as SWIFT and networks extend their reach to the corporate community.
"We have now created an important functional combination in the solution stack which can be used by financial industry and corporate customers as a single solution for taking in all data in all types of formats, to send and receive that data tto whomever needs that data, at whatever speed they need, and in whatever form they need."
"The new combined offering is an example of two leaders in their respective fields coming together to meet the need for simplified, yet comprehensive data services that address the growing complexity of data sources and information targets," said Girish Pancha, executive vice president and general manager, Data Integration, Informatica. "While the current announcement is focused on the financial industry, organisations in any industry can realize incalculable value from unlocking the information tied up in disparate systems, complex files and incompatible message formats."
For optimal performance, Informatica B2B Data Transformation offers pre-built transformations for SWIFT Message Type. Informatica B2B Data Transformations also natively supports XML, including SWIFT MX, SEPA, ISO 20022, resulting in accelerated support for XML. Customers also gain the assurance that they will remain completely current with the ongoing evolution of all industry standards and formats, with the ability to comply with the latest formats and format changes as soon as they take effect.
Intel and Informatica's collaboration around Intel SOA Expressway began with solutions for the healthcare industry prior to supporting the financial industry. Informatica B2B Data Transformation provides out-of-the-box support for the data format standards of all major industries, including HIPAA, EDI, and ACORD in addition to SWIFT and other financial industry standards.