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Financial Services

Financial services companies require high performance and high availability across their enterprise infrastructure. Fractions of a second can negatively impact revenue and profitability, while unavailable systems can translate into lost business or even company failure.

The increasing complexity of financial transactions requires the reliable and guaranteed delivery of information across many diverse systems, processes and touch-points - including customers, brokers, investment managers, exchanges, clearing services, custodians and depositories. Faced with these challenges, many leading worldwide financial institutions have selected Sonic products over competing solutions to address rigorous enterprise application integration requirements and reduce operational risk.

Progress Software understands the performance pressures facing financial service institutions. Our comprensive, ESB-based distributed SOA infrastructure offers measurable business benefit to meet the challenges of:

Reducing straight-through processing time by integrating front, middle, and back-end office applications with real-time response and access to liquidity sources around the world.
Increasing business agility to enable faster and more intelligent response to corporate actions, pre-trade compliance, market data and just-in-time reporting.
Reducing transaction costs and the time to process each transaction.
Removing data duplication and errors, enabling clearer decision-making based on one version of the truth.
Reducing development and maintenance costs through standards-based tools and rapid out-of-box deployment.

Progress Software provides software that solves complex application integration problems and ensures that money and information move quickly and accurately. Progress' products and services facilitate the automation of financial service processes using distributed computing technologies designed to streamline and lower operating costs of existing and future IT investments. Sonic ESB delivers Straight-Through Processing (STP) using best-in-class Service-Oriented Architecture (SOA) solutions.

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IntercontinentalExchange operates independently and reliably because they implemented a standards-based SOA with SonicMQ (PDF)

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Pacific Capital Bancorp uses SonicMQ for multi-channel integration of community banks (PDF)

Faster Than the Fraudsters: Real-time Risk Profiling Services for Banks

Listen and watch this video and hear how Sonic ESB helps sell-side firms extend services to their critical buy-side clients.

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Progress Software Corporation supplies business application platform, soa infrastructure and data infrastructure software that simplifies and accelerates the development, deployment, integration and management of business applications and Service-Oriented Architecture (SOA). Our superior business application platforms include Progress OpenEdge for high performance SOA integration and software as a service (SaaS), and Progress Apama for complex event processing. Our innovative event-driven SOA infrastructure solutions include Progress Sonic Enterprise Service Bus (ESB), Progress DataXtend semantic data integrator, Progress Actional SOA management and SOA governance, and DataDirect data connectivity for mainframe SOA and web services. Our data infrastructure products include DataDirect Connect for database driver and data provider connections to relational databases and XML data integration, EasyAsk for enterprise search and e-commerce, and ObjectStore object data management.

Our Progress Sonic product line includes standards-based enterprise application integration software that enables companies to build agile and effective event-driven SOA deployments. Sonic ESB, the industry's first enterprise service bus, reliably connects, mediates and orchestrates services. SonicMQ is enterprise messaging middlware that delivers continuous availablility. Sonic products deliver the core SOA infrastructure solutions for companies who support a federated or distributed environments that require end-to-end visibility of business events.

Financial Services

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