September 17, 2008
White Outsourcing Adopts SWIFT to Optimize Client Services Using Microsoft BizTalk Server
VIENNA, Austria, Sept. 17 /PRNewswire-FirstCall/ -- Today at Sibos 2008, Microsoft Corp. announced that White Outsourcing Pty. Ltd., a provider of outsourced financial and accounting services to Australian fund managers, has chosen a hosted solution based on the Microsoft Application Platform. The new solution will provide White Outsourcing with straight-through processing of financial transactions to and from the SWIFT Alliance Gateway, enabling it to achieve operational excellence and drive cost effectiveness in its processing of SWIFT-related messages.
White Outsourcing will work with the Decillion Group, a trusted Microsoft partner in the Asia Pacific region, to implement the solution based on Microsoft BizTalk Server 2006 including Microsoft BizTalk Accelerator for SWIFT. This approach will provide White Outsourcing with access to industry value and innovation through the collaborative nature of Microsoft's partner ecosystem.
Under the new agreement, White Outsourcing will take advantage of Decillion's Microsoft technology-based, modular automated processing system (MAPS), which will be built around White Outsourcing's existing business process technology. MAPS will allow White Outsourcing to accommodate the high message volumes it has been experiencing and will enable the company to scale as these levels continue to grow.
"Outsourcing providers and SWIFT service bureaus must accommodate rapid message volume growth while offering their customers affordable, reliable SWIFT connectivity and helping drive operational efficiencies and excellence," said Sheida Hadji-Ashrafi, worldwide industry manager for Payments at Microsoft. "The solution being provided to White Outsourcing demonstrates an innovative approach to these industry challenges. Microsoft is working to empower its trusted partners like Decillion to provide deep industry value in the technology they develop, and this approach allows us to enable customers to realize greater value from their technology investments."
"We anticipate having over 40 fund managers utilizing White Outsourcing's services through the Decillion SWIFT service bureau, and it will be vital for us to quickly and easily innovate to meet industry growth," said Andy Harrison, director at White Outsourcing. "Decillion's hosted application services based on Microsoft technologies provided the strongest solution and will allow us to scale and quickly add new message types as required in the future."
"By partnering with Microsoft, we've provided greater industry value to help fuel funds processing efficiencies for White Outsourcing," said Thomas Lee, CEO of Decillion. "Microsoft provided us with a solid and highly secure foundation for our technology, and this will enable us to help White Outsourcing accelerate its adoption of SWIFTNet Funds in the near future."
White Outsourcing forecasts its current message volumes to grow at a rate of 50 percent over the next 12 to 18 months. It expects to extend the use of current MT messages and also include support for additional MX messages, which will be part of the SWIFTNet Funds services. Under the current implementation, 18 SWIFT message types will be supported, spanning areas of financial institution payments and cash management, corporate actions, and securities trades, providing the company's customers with seamless SWIFT connectivity.
Currently being implemented, the project is expected to be live by the fourth quarter of 2008.
About Microsoft in Financial Services
Microsoft's Financial Services Group helps financial firms leverage technology to amplify the impact their people can deliver to drive business success. We help our customers in banking, capital markets and securities, and insurance achieve four business outcomes: develop relationships, drive innovation, improve operations and build connections. To do this, we focus our products and technologies, and our work with leading solutions, services and hardware partners, on key areas where we believe we and our partners can deliver exceptional value. Those areas include advisor platforms, channel renewal, core banking, insurance value chain, investment management, risk management and compliance, and payments. For more information, visit http://www.microsoft.com/financialservices.
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