Germany's TxB Transaktionsbank deploys Informatica data integration platform
26 July 2005 | 1522 views | 0
Informatica Corporation (Nasdaq: INFA), a leading provider of data integration software, today announced that TxB Transaktionsbank GmbH (TxB), the leading German securities settlement bank, has successfully implemented the Informatica PowerCenter data integration platform as its enterprise-wide data integration standard.
TxB, which manages the transactional processing of over two million securities trades, including the buying and selling of stocks and bonds, has successfully standardized on PowerCenter to streamline complex operational processes, achieve economies of scale across integration projects, and ultimately achieve a significant competitive advantage.
"In the near future, the securities-settlement industry in Germany is poised to experience a large-scale consolidation as more banks start handing over their customers' deposits to specialized transaction banks. As one of the leading transaction banks in Germany, our intention is to be actively involved in the development and design of these consolidation processes," said Erik Bartelsen, team leader Plus Systeme at TxB. "Because we needed a high-performance data integration solution to securely consolidate huge amounts of data in an extremely short timeframe, we turned to the market-leading Informatica PowerCenter platform. Without using a state-of-the art data integration platform like PowerCenter, we couldn't have processed the millions of records from our data warehouse within the limited timeframe. Using PowerCenter, we handily reached this goal."
The only German transaction bank to combine retail and wholesale business in one trading system, TxB is responsible for security-deposit transactions, including buying and selling stocks and bonds at 200 savings and private banks across Germany. With the predicted market consolidation, many transaction banks are pursuing an aggressive growth strategy by increasing the number of customer transactions they facilitate, thereby increasing the banks' revenues with every additional transaction.
In standardizing on PowerCenter for data integration, TxB is able to quickly consolidate its transaction data - involving more than 10 million records a day - and provide employees with transparent access to integrated, up-to-the-second information via the bank's data warehouse. In addition, affiliated banks can query the TxB system on their own and receive analyses and reports on the huge amount of data in near real-time.
"Given that our organization was formed from the merger of LB Transaktionsbank GmbH and PLUS BANK AG, scalability and an open data integration platform that spans numerous disparate data sources are crucial for us," said Bartelsen. "Throughout the enterprise, we are faced with the challenge of integrating different subsidiaries and IT environments homogeneously. One of our next tasks that we will handle with the Informatica platform will be the synchronization of DB2 and Adabas database systems."
"Banks and insurance companies are among Informatica's largest customers, as the dependency on information is enormous in the financial sector," said Dave Berry, senior vice president of EMEA field operations, Informatica. "For a unified view of transactions and customers, all relevant data has to be reliably combined and made available at a central place - independent of the originating IT systems, whether mainframe computers, web servers or workstations. Data integration is not only a means for achieving enterprise performance, but also a requirement for compliance with legal regulations like Basel II or Sarbanes-Oxley."