Ten Innovative Financial Services Applications Powered by Data Virtualization

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1 Ten Innovative Financial Services Applications Powered by Data Virtualization DATA IS THE NEW ALPHA In an industry driven to deliver alpha, where might financial services firms find opportunities when investing in application innovation? The answer is data. Every financial services firm understands the importance of data. More is better. Sooner is better. Accessing it, understanding it, and taking advantage of it before the competition is better. That s how data delivers alpha. DATA VIRTUALIZATION IS THE MARKET-MAKER Data virtualization is the data market-maker that efficiently matches buyers data demands with sellers internal and external data sources, so firms can maximize returns on their data. So, it is not surprising that, starting in the mid-2000s, Financial Services was the first industry to strongly adopt data virtualization as a disruptive, new technology for accessing and integrating more data, faster and more easily than ever before. Buy and sell side groups at the largest institutions led the charge, followed soon after by risk management and compliance units. The leading mutual fund providers, along with hedge funds, led the next wave of adoption. In recent years, commercial banks and insurers have accelerated their use of data virtualization. And today, analyst firms such as Gartner, Inc. 1 and Forrester 2 project continued data virtualization adoption for both first time use at new firms and expanded deployments at existing sites.

2 WHITEPAPER 2 TIBCO Data Virtualization customers include 10 of the top 13 wealth managers and 12 of the top 25 mutual fund providers. Using data virtualization financial services firms were able to: Access data from all sources and deliver it to all consumers Access data from distributed data sources including traditional enterprise big data, cloud, IoT, third-party, and others. Then securely deliver it to a myriad of innovative analytics and transactional applications. Deliver immediate data Deliver up-to-the-minute data whenever and wherever needed, using the most advanced performance optimization algorithms and massively parallel processing. Integrate data faster and more easily Integrate data reliably at a fraction of physical warehousing and ETL rigidity, time, and cost. Then evolve data rapidly when requirements change. Provide business friendly, yet governed data Transform data from native IT structures and syntax into easy-to-understand business data services sharable with a wide variety of users and applications. And maintain all the security, governance, lineage, and auditability that financial services firms require. Scale data delivery as required Support multiple lines of business, hundreds of projects, and thousands of users inside and outside the firm. TEN FINANCIAL SERVICES APPLICATIONS POWERED BY DATA VIRTUALIZATION TIBCO Data Virtualization is the data virtualization solution of choice among the world s most respected financial services firms. Following are a variety of representative examples of TIBCO Data Virtualization enabled applications, spanning a variety of business lines and functions. 1) PRIVATE BANK LINE OF BUSINESS, GLOBAL FINANCIAL SERVICES FIRM Business Mission: Provide premium banking solutions, personalized attention, expertise, and investment services for high net-worth clients. Application Objective: Improve client engagement by suppling clients and advisors with direct, unified, real-time access to all client account information. TIBCO Data Virtualization Solution: Standardize client and advisor access to banking, investment, credit card, loan, and other data stored in IBM DB2 and Oracle databases. 2) RESIDENTIAL MORTGAGE LINE OF BUSINESS, RETAIL BANK Business Mission: Provide retail banking services to U.S. consumers including residential mortgages. Application Objective: Improve responsiveness to customer and loan officer inquiries and provide consistent mortgage loan information for regulatory compliance and risk management. TIBCO Data Virtualization Solution: More easily fulfill standard and ad hoc mortgage loan data requirements by unifying over 80 residential mortgage data sources into a virtual mortgage data hub.

3 WHITEPAPER 3 3) LIQUIDITY RISK MANAGEMENT, GLOBAL FINANCIAL SERVICES FIRM Business Mission: Provide liquidity risk management monitoring and reporting. Application Objective: Implement a world class liquidity risk reporting system that complies with mandated federal and Basel regulations. TIBCO Data Virtualization Solution: Deliver data from every line of business across the firm to a unified liquidity analysis engine that calculates aggregate liquidity risk. 4) CAPITAL MARKETS AND INVESTMENT BANK LINE OF BUSINESS, GLOBAL FINANCIAL SERVICES FIRM Business Mission: Provide fixed income investments and strategies for asset managers, corporations, depository institutions, insurance companies, and public entities. Application Objective: Optimize client fixed income portfolios by better matching current client holdings with available market offerings based on attributes such as CUSIP, coupon rate, source, and maturity. TIBCO Data Virtualization Solution: Simplify client advisor access to fixed income positions, trades, reference data, and more from internal files, SQL Server, Sybase, Teradata, and more, as well as external market sources. 5) ENTERPRISE ANALYTICS, MULTI-LINE INSURER AND BENEFITS PROVIDER Business Mission: Provide protection planning, retirement, and savings solutions around the world. Application Objective: Improve quality of and time to analytic insight, and thus business performance, by making all data available to all analytics applications and analysts enterprise-wide. TIBCO Data Virtualization Solution: Standardize access to enterprise-wide data sources including Oracle, spreadsheets, externally hosted data, and more. Deliver data to enterprise-wide analytic tools including Tableau, SAS, SSRS, SSIS, etc., and analysts. 6) GLOBAL CLEARING SERVICES LINE OF BUSINESS, GLOBAL FINANCIAL SERVICES FIRM Business Mission: Provide on-exchange and OTC clearance in markets around the world. Application Objective: Improve client satisfaction by providing clients and client managers with easier access to firm-wide client data as well as faster turnaround on client requests for custom data slices. TIBCO Data Virtualization Solution: Simplify client and client manager access to orders and related data stored in DB2, Oracle, mainframe, Sybase, and other sources. Enable client managers to quickly configure unique datasets for clients without IT assistance.

4 WHITEPAPER 4 7) TRUST BACK OFFICE SERVICES LINE OF BUSINESS, WEALTH AND ASSET MANAGEMENT FIRM Business Mission: Provide an array of correspondent trust services to other financial services firms. Application Objective: Accelerate onboarding of new trust services clients by simplifying integration between client s customer-facing applications and the provider s complex back office infrastructure. TIBCO Data Virtualization Solution: Provide standardized data services that make it easy to understand and connect, and that hide trust back-office system complexity. 8) FIXED INCOME RISK MANAGEMENT, GLOBAL FINANCIAL SERVICES FIRM Business Mission: Provide fixed-income risk management monitoring and reporting. Application Objective: Reduce fixed-income risk by extending risk management algorithms analysis timeframe from one month to 60 months. TIBCO Data Virtualization Solution: Enable fixed income risk management algorithms to run without change using 60 times more historical data by federating fixed income trading data on Oracle (the latest month of data ) and formerly tape-archived data on Hadoop (the prior 59 months of data). 9) CASH MANAGEMENT LINE OF BUSINESS, COMMERCIAL AND RETAIL BANK Business Mission: Provide receivables, payables, and treasury management services to meet client cash management needs. Application Objective: Empower clients to better manage cash flows by expanding client access to past, current, and pending transactions and balances. TIBCO Data Virtualization Solution: Provide cash transactions data from multiple internal and external sources directly to clients via a secure portal and via a monthly statement reporting system. 10) SECURITY SERVICES LINE OF BUSINESS, GLOBAL FINANCIAL SERVICES FIRM Business Mission: Provide custody, fund accounting, administration, and securities services in the United States and internationally. Application Objective: Improve client satisfaction by giving client account managers better access to client data maintained in multiple systems. TIBCO Data Virtualization Solution: Enable client manager access to entitlements, custody, accounting, and reference data stored across multiple Oracle, Sybase, and SQL Server instances.

5 WHITEPAPER 5 CONCLUSION Every financial services firm understands the importance of data. TIBCO Data Virtualization is the data virtualization solution of choice amongst the world s most respected financial services firms. In the 10 examples above, these firms were able to: Access data from all sources and deliver it to all consumers Deliver immediate data Integrate data faster and more easily Provide business friendly, yet governed data Scale data delivery as required If you are a financial services firm facing similar data challenges, consider TIBCO Data Virtualization Ziadi, Ehistham, Mark A. Beyer, and Ankush Jain. Gartner Market Guide on Data Virtualization, August 7, Yuhanna, Noel. The Forrester Wave: Enterprise Data Virtualization, Q4 2017: The 13 Vendors That Matter Most And How They Stack Up. November 15, 2017 Global Headquarters 3307 Hillview Avenue Palo Alto, CA TEL FAX TIBCO fuels digital business by enabling better decisions and faster, smarter actions through the TIBCO Connected Intelligence Cloud. From APIs and systems to devices and people, we interconnect everything, capture data in real time wherever it is, and augment the intelligence of your business through analytical insights. Thousands of customers around the globe rely on us to build compelling experiences, energize operations, and propel innovation. Learn how TIBCO makes digital smarter at , TIBCO Software Inc. All rights reserved. TIBCO and the TIBCO logo are trademarks or registered trademarks of TIBCO Software Inc. or its subsidiaries in the United States and/or other countries. All other product and company names and marks in this document are the property of their respective owners and mentioned for identification purposes only. 06/07/18