XML Global, iWay Demo Transformation Server on Wall Street
XML Global Technologies
- By Matt Migliore
and iWay Software
are demonstrating the capabilities of their new joint transformation server at the 2001 XML on Wall Street Conference this week. The solution, called XTS, enables companies to reach a much-sought-after benchmark in the financial services market.
XML on Wall Street, being held in New York City, is one of several industry-specific events at which XML Global and iWay will, over the next few months, be promoting their new technology for converting data formats to XML. The solution, which is touted as “code-free” and is based on .NET, XML and Web services standards, is a combination of XML Global’s GoXML Transform engine and an iWay technology formerly known as XML Connector. As part of the joint offering, iWay will also be making available its series of XML adaptors for linking into a variety of back-end legacy systems.
For financial services players, XML Global and iWay are positioning XTS as an automated stock-processing solution that can complete a transaction in just one day, an industry standard called straight-through processing/trade+1 day.
Bryan Baker, product manager of GoXML Transform for XML Global, says in order to achieve STP/T+1, the server must digest complex SWIFT messages (SWIFT is an EDI message type prevalent in the financial services space.) and spit them out in data formats so the necessary systems can understand them and complete the transaction as quickly as possible. Baker says, the SWIFT capabilities of XTS were just launched this week, although the server itself was released earlier this month.
According to Baker, financial services and the healthcare space are the primary target markets for XTS. However, he says, it is also generating interest from players in the mortgage and automotive industries as a potential supply-chain solution. “It’s a very broad-reaching technology,” says Baker.
XML Global and iWay first began working on the XTS transformation server in April, immediately after meeting and deciding there were a number of markets for a joint offering. For XML Global, Baker says iWay’s series of XML adaptors were the most intriguing thing about the partnership. “That was a strong selling point for us,” he says. “We now have access to all these back-end adapters.”
Baker describes iWay’s series of adapters as unique in the industry, and says they allow XML Global to touch a number of systems it couldn’t before. iWay offers adapters for the financial services industry, including FIX, GSTPA, ISO 15022, MQSeries, SWIFT, and TIBCO. Some 140 other adapters provide integration with databases, mainframe systems, and other back-office applications such as CICS, DB2, Oracle, SAP, Sybase, and Tuxedo. CRM application adapters include Oracle 11i CRM, PeopleSoft8 CRM, mySAP.com, and Siebel.
XTS also comes equipped with a Transformation Workbench, which enables administrators, with virtually no integration experience, to create the message transformations necessary to enable systems to collaborate through iWay's adapters without custom code. It is designed to mask the complexity of back-end systems, allowing business analysts and systems integrators to access the extensive information assets contained in more than 140 applications and data sources on 35 platforms.
In addition, XTS works with industry-leading message-broker technologies, including Microsoft BizTalk Server and IBM WebSphere MQ Integrator.
Matt Migliore is regular contributor to ENTmag.com. He focuses particularly on Microsoft .NET and other Web services technologies. Matt was the editor of several technology-related Web publications and electronic newsletters, including Web Services Report, ASP insights and MIDRANGE Systems.