The data and message integration software for the global financial services industry

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We shortened our development cycle from

We believe that

Vijay Oddiraju, CEO, Volante

automation of the labour intensive aspects of development is one of the most important issues facing financial firms,

and that the pressure for

faster development and deployment is going to become more intense.

nine months to three and a half months, and completed the project 50 per cent under budget.

Volante paid for itself in that first project and has been

multiplying its ROI as our enterprise integration technology.

SVP of Global Products, International Investment Bank

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Volante is focussed on helping clients to navigate, integrate and manage the

diverse, complex and ever-expanding mass of data message formats, standards

and protocols throughout the lifecycle of every financial transaction.

We handle the management of message complexity to enable

firms to take full advantage of their commercial opportunities. By

improving their straight-through-processing (STP) rates, customers can

increase operational efficiency and reduce cost and risk

Volante was founded in 2001 by a team of messaging experts, which saw

the opportunity to reduce work, time and costs for financial institutions by

automating the integration of financial data (such as SWIFT messages), to and

from back-office systems and market data pouring into trading platforms.

Volante is a privately held firm, headquartered in New York City with offices

in London, New Jersey, Dubai, Mexico City and Chennai, India.

For more than a decade, Volante has worked with commercial and retail banks, corporate treasury departments, buy and sell side organisations, exchanges, custodians, clearing houses and financial industry utilities.

About Volanté

Volante is a global provider of innovative financial data and messaging integration software for the financial services industry.

How we work

Whatever the data management or integration

challenge, Volante always finds the most

straightforward approach to the ideal solution.

We work with a wide variety of organizations and

corporate functions. Whether they require Service-

Oriented Architecture (SOA) integration, SWIFT message

management or low-latency data input Volante’s proven

approach is fast, reliable and delivered to the best

possible practices and highest possible standards.

Drawing on our ever-expanding goldmine of information

and experience about data elements, formats and

transformational processes, we help firms reduce their

development time and costs by half, if not more.

Our ‘plug in’ development team continually monitors industry

updates for new standards and changes and ensure that

our approach accommodates the latest developments.

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We work with a wide variety of organisations and

corporate functions. Whether they require Service-

Oriented Architecture (SOA) integration, SWIFT message

management or low-latency data input, Volante’s

proven approach is fast, reliable and delivered to best

possible practices and highest possible standards.

Our areas of expertise

Volante specialises in serving the financial services industry. If you work with the prominent data vendors, exchanges and trading venues, popular middleware, SWIFTNet, or the most advanced processing engines, so do we.

We categorise our areas of expertise in the following areas:

This is the only means we’ve ever seento get such granular, reality-based data governance and visibility of data across the enterprise.

Top technology analysts covering data virtualisation.

Increasingly, corporations are

evolving from a history of internal

focus on process efficiency, to

one of intercommunication with

the external world. Cross border

procurement networks give

electronic access to thousands

of globally dispersed suppliers,

ERP systems export de facto

trade and shipping documents

that can automate the physical

supply chain – and today the

world of supply chain finance is

automating the links between

treasury, banking and payments

activities.

Agility to stay abreast of these

changes is crucial. Electronic

messages will be the medium

and vehicle of inter-party

communication, heterogeneous

in the short-term but evolving

both at a market level and

between trading parties.

Payments messages, the new

BPO instrument, and many more

…. This is Volante’s core business,

equipped to help corporates

quickly adapt and take

advantage of the electronic world,

all on a mutualised cost basis.

The global trade industry seeks common standards to

enable greater transparency and price discovery. Firms

are realising their competitive potential of adopting

greater automation to maintain customer ‘stickiness’

throughout the system-to-system integration process.

Automation offers the potential for faster processes and

reduced costs. These can be fed directly into pricing and

offer a competitive advantage.

As the Supply Chain Finance (SCF) suite, Volante

plug-in components allow the rapid take-on of new

message standards and processing including, but not

limited to, all Bank Payment Obligation (BPO) related

standards, all ISO 20022 payments standards, all SWIFT

MT standards and all SWIFT TSU message standards.

Data Integration

Payments

(Interbank, corporate to bank, bank to bank and/or

corporate to utility payments; corporate on-boarding)

Industry and regulatory change is constant and keeping

abreast and updating payment systems, messages

and processes can prove costly in terms of time, risk

and resource. Firms have to manage and transform

message types, from legacy ISO 15022 to ISO 20022,

MT to MX accessing service bus technology from

IBM, Oracle and other popular brands. In applying

our experience and expertise, these transformations

become off-the-shelf implementations as opposed to

difficult, costly and risky upgrades to older systems.

We work with a wide range of capital

markets organisations helping

them manage multiple messaging

and data requirement challenges

across a wide range of asset

classes, including equities, fixed

income, derivatives and funds. These

challenges are at three interlinked

yet distinct, phases of the trading

lifecycle. At pre-trade, firms must

use and receive exchange and

trading venue market data; pricing

information, vendor data (Bloomberg

and Reuters) and reference data

which creates both real time and

historic challenges. At trade, firms

need to exchange data and send

order information using FIX and

FpmL which places similar demand

on technology capabilities. At

post-trade, firms must contend with

interaction and communication with

multiple counterparties; clearing

houses, settlement depositaries,

corporate and reconciliations

teams as well as interface with

matching and exceptions software

in addition to meeting the regulatory

drive for increased transaction

reporting. Using Volante helps

client overcome these challenges

and avoids the excessive costs

of having to invest in or manage

multiple data integrations.

Capital Markets(pre-trade, trade and post-trade)

Corporate

(Treasury, Enterprise Resource Planning (ERP) and Bank On-boarding

Trade Services

(Trade finance, supply chain finance,

Bank Payment Obligation (BPO), foreign

exchange, money market securities,

cash management, Enterprise Resource

Planning (ERP) integration)

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SWIFT, ISO 15022, ISO 20022, SEPA, ACH, FIX, FpML, proprietary, national or global.

Whatever the message standard or protocol, Volante ensures that we are enabled, compliant and agile for whatever might come next. SVP of Global Universal Bank

Our partners benefit from our go-anywhere technology, because it

dramatically reduces implementation time for them and their customers,

while delivering high-speed results. We work closely with our partners to

develop shared opportunities through marketing and sales support.

For a full list of the partners with which we work, please visit our website

www.volantetech.com or scan the QR code to the right.

Our partners

Volante partners with leading data vendors, developers and implementation specialists, and hardware, software and services suppliers to the financial services industry.

Of one thing every financial services organisation

can be certain: regulatory change.

MiFID II, EMIR, Dodd Frank, SEPA, BASEL III whether

imposed by the EC, SEC or domestic country

regulator, is set to change the way in which

the financial services community conducts its

business, across many different functions and

many different asset classes.

Regulation may create new entities, such as a

Swap Execution Facilities (SEFs) or Organised

Trading Facilities (OTFs). These may create new

reporting processes and procedures. Whatever

the outcome, new processes will invariably require

new communications and instructions which may

take on different data message formats. Firms

will have to re-tune their existing systems and

processes to adapt.

Not if you work with Volante. Whatever the

outcome, we will most likely have a ‘plug-

in’ or be able to develop one quickly. We

mutualise the cost, minimise the risk and roll

out the changes quickly to ensure that our

customers are compliant in good time.

Compliance

As a consequence of compliance and regulatory

changes, reporting requirements will likely

change and data will need to be managed in

a different way. Manual processes will need to

be automated, new identifiers may be required

for counterparties new and old; new instruments

and asset classes will need tagging, all of

which can be traded across many markets,

each of which will need identification. The

costs of changing to address the new rules will

be considerable. Volante’s approach to data

integration and management ensures that all

our clients will be able to minimise both their

costs and risks and accurately report accordingly

with changing compliance requirements.

Data Management(Reference Data and Reporting) …accelerated time to market

…ease of development to drive down our costs… and leveraging Volante’s third-party maintenance which enables us to remain focussed on our product.

There were three key concepts on which we based our decision to incorporate Volante

We have been able to deliver

new solutions to our clients in less time and lower our development costs.

Vice President, Product Development Global Software and Services Vendor

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Volante Designer is a suite of

modular software tools capable of

handling the most complex data

integration and management

challenges. From arrival, through

process workflows, downstream

integrations, persistence into

databases, metadata-based

governance, and model-based new

development; each component offers

a new and better way to address the

challenges of data management.

We start every client engagement by identifying the communication and business challenge the firm is seeking to address. This may be to strengthen a client relationship by building in automation, to reduce cost or minimise risk by eliminating manual processes or reconciliation activities, meet a regulatory requirement, or, all of the above.

By understanding the existing

messaging infrastructure of

the firm, we can identify and

then apply the appropriate

best practice approach.

We follow a rigorous and

comprehensive approach in

designing the right solution for

clients; this is demonstrated

in the diagram to the right.

Volante’s approach offers a

compelling combination of

industry experience and off-the-

shelf toolsets designed to find

the most effective solution to

deliver a return on investment

as quickly as possible.

Our technology

Design

Compose

Test

Deploy

Document

Run

Maintain

Composer Director

Simulator

Generators

Run Time

Plug-ins

Format

GenericDomain Specific

PersistenceDesigner

WebFormsDesigner

Cartridge

(Metadata Model)

Parsing

Routing

Transformation

Enrichment

Validation

Message Flow

Data Governance

Testing Application

Debugging

Data Generation

Document Publisher

CodeJava/EJB C++ C#

Message Definitionxml csv

Database schema

On any middleware ESB or CEP engine

Within any application (Java/C++/C#) as library

On any app server, web server or in JVM

Volante Composer sits at the core of the Volante

Designer suite of integration and data management

products. Volante Composer captures the message

definitions and applies any validation rules transforming

messages between different formats, adding any

functions such as filtering and enrichment, and

defining the message routing. Using a smart spread

sheet-style interface, users can easily map message

definitions from source to destination and build mini-

applications called models or ‘cartridges’. These

transform the data by using code generation to convert

the message to code and direct it to its destination.

Volante Director is the metadata

archive that enables a host of

enterprise objectives, including

data standardization, governance

and advance data-driven

initiatives such as SOA and data

virtualization. For many of our

customers, the metadata repository

has been key to achieving

ambitious enterprise-wide goals.

Volante Simulator provides safe, offline end-to-end testing

for any transformation logic, integration and updates.

Debugging is simplified and with sensitive messages, such

as SWIFT payments, validation testing can be built in.

Volante Code Generators automatically convert Cartridge

models into runtime libraries in native code for virtually any

infrastructure environment (C++, C#, Java (POJO/EJB)). The

generated code can also be invoked from within applications,

eliminating latency and unnecessary transformation hops.

Volante Format Plug-ins further simplify

the design process. They enable users

of Volante Composer to design data

integrations quickly without the necessity

to learn the complexity of data standards

and rules. Providing message libraries

and related validation rules, Format Plug-

ins provide built-in domain awareness

of major financial industry data formats

including SWIFT, FIX, FpML, EDI, Reuters, etc.,

as well as more generic formats such as

XML, ASCII, CSV and Cobol Copybook.

Find out more about Volante technology:

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SWIFT Implementation

SWIFT support includes current and historic formats, libraries and validation rules

for projects from MT-MX coexistence to large scale treasury systems.

Low Latency messaging

Proven in one of the largest exchanges in the world, Volante’s Market data handlers feed

trading platforms, high-speed data engines, complex event processing systems, and

downstream applications. Volante’s unique architecture scales easily and handles the

highest volumes without bottlenecking or stalling at data bursts or re-run requests.

DAAS for business architectures, SOA, cloud computing

For data as a service (DAAS), Volante provides easily deployed, standardized integration

architecture. Metadata-based integration of any source to any destination means that the code is

reusable, the data elements are traceable, and the data layer becomes a manageable resource.

Speed and cost of new development

With domain-aware plug-ins, automated generation of high-quality integration

code and easy offline testing, time and costs are cut dramatically.

Governance and messaging management

Nothing is more granular than the live metadata captured from Volante translations and

the robust archive enables every level of standards support and change management.

Delays or dependency on vendors or individual knowledge

Volante adapts. Format changes are easily handled in Volante Composer,

and one-to-many change management means it only has to be done once.

Automated documentation is always available if the platform changes, Volante

generate new platform-specific code with no additional design work.

Corporate / Bank / Trading / Settlement / Reporting On-boarding

Providing the agility to consume or generate any industry standard or proprietary

standard and transform it into any format to be consumed enables new cost

effective channels and revenue streams to be realised at lower initial costs and

minimises the cost of ongoing maintenance as both side’s formats evolve.

STP Improvement

By ensuring that not only are data and messages correctly constructed by applying

business rules, but also that your information exchange is automatically processable

and where it is not, the issues can be effectively and visibly reported.

Common challenges

Volante offers features and flexibility to address virtually any messaging or data management challenge.

Volante can help you navigate, integrate and manage the diverse,

complex and ever-expanding mass of data message formats, standards

and protocols throughout the lifecycle of every financial transaction.

For further information please contact us on info@volantetech.com, call our

regional offices listed overleaf or visit our website at www.volantetech.com

© Copyright Volante Technologies Inc. 2013. All Rights Reserved. Volante Technologies,

41 East Street, 11th Street, 11th Floor, New York, NY 10003, USA.

London9 Devonshire Square, London, EC2M 4YF

+44 (0)20 3178 2970

New York NY41 East 11th Street, 11th Floor, New York, NY 10003

+1 (212) 905 6231

Mexico CityGmo. González Camarena 1450 P-7, Santa Fe, Mexico, DF, 01210

+52 (55) 1105 0536

DubaiJumeirah Lake Towers, PO Box 943303, Dubai, UAE

+971 (0)56 681 5561

New Jersey2386 Morris Ave. 2nd Floor, Union, NJ 07083

+1 (908) 810 0220

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