VP SECURITIES A/S, the Danish CSD (Central Securities Depository), has replaced its MERVA applications, used for the company's financial messaging requirements, with ISB, the Incentage Service Bus - to be ready for the upcoming increase in transaction volumes and customer's high expectations to a CSD. The system went successfully live on October 15, 2012.
ISB, the Incentage Service Bus, replaces MERVA and the central messaging infrastructure at VP SECURITIES. ISB's bus architecture is the central focus point for message flows within VP, making sure that message flows with the Message Broker system, with VPs applications and systems, and with the outside world (for example with the SWIFT network) via WBI/FN are being handled smoothly and are monitored efficiently and securely. The project went successfully live on October 15, 2012.
With this re-organisation VP SECURITIES has ensured a technical platform that caters for all types of FIN and ISO 20022 messages and prepares for communication with Target 2 Securities (T2S). Additional projects are planned which will strengthen the position of the users of VP SECURITIES, especially in the domestic and international financial markets.
Bjørn Stendorph Crepaz, project owner at VP SECURITIES, emphasizes: "VP SECURITIES chose Incentage Service Bus due to its enormous flexibility of the system, which unlocks new business development opportunities. Incentage's Services Bus clearly shows Incentage's focus on business and in-depth knowledge about the transaction banking business model."
Felix Huber, CEO of Incentage AG, adds: "We are pleased that another major and well respected player in the CSD field opted for Incentage solutions when it comes to separating resilience from scalability, modular services architectures and independence from third party support. Reduced complexity, improved maintainability, unlimited scalability and parameterisability and state-of-the-art EAI capabilities will serve VP well in challenging times."