Volante Technologies

SIMPLIFYING MESSAGING
CONNECTIVITY
SWIFT User Group Meeting Poland
Mark Chapman and Chris Stares
March 2013

Agenda
Introduction
Volante Business Overview
Product positioning and case studies

Volante Product Overview

What the product does

Product Demonstration
Q&A

What is our purpose ?

Challenges of Standards Landscape

Domain

Front

Middle

Back

Capital Markets

FIX, FpML, SWIFT FIN MT5nn,

ISO 20022, MDDL

FIX, FpML, SWIFT FIN MT5nn,

ISO 20022, MDDL
Euroclear, Omgeo
OASYSGlobal and CTM,
TRAX, AVOX, CREST

FIX, FpML, SWIFT FIN MT5nn,

ISO 20022, MDDL
Euroclear, Omgeo
OASYSGlobal and CTM,
TRAX, Avox, CREST

OTC Derivatives

FpML, DTCC, MarkitWire

FpML, DTCC, MarkitWire

FpML, DTCC, MarkitWire

Payments

SWIFT FIN MT1nn, ISO 20022

PAIN, SEPA, STEP2, EDIFACT,
X.12, Domestic legacy ACH

ISO 20022, MTn92

SWIFT FIN MT1nn, 2nn, 4nn,

9nn, ISO 20022 PACS, SEPA,
STEP2, EDIFACT, X.12,
Domestic legacy ACH

Insurance

ACORD, Origo

ACORD, Origo

ACORD, Origo

Investment Funds

ISO 20022, 15022

ISO 20022, 15022

ISO 20022, 15022

Treasury

SWIFT FIN MT3nn, ISO 20022,

FIX, FpML

SWIFT FIN MT3nn, ISO 20022,

FIX, FpML

SWIFT FIN MT3nn, ISO 20022,

FIX, FpML

Exchanges

FIX, FAST, Proprietary API

N/A

N/A

About Volante
Founded in 2001
Headquartered in New York
Offices in London, New Jersey, Dubai, Mexico City and Chennai

Data Integration Accelerator that:

Transforms the ease of integrating heterogeneous data sources and standards
Financial Formats (SWIFT, ISO 20022, FIX,, FpML, ACH, EDI, MT/MX, etc.)
Structured and Unstructured Proprietary Formats
Document Style Formats (PDF, Excel, Word, etc.)
Provides exceptional performance with low latency
Rapid ROI and low TCO with easy maintenance
Runs on any platform, home grown or standards based

Intuitive design environment for definition of:

Parsing, Routing, Validation, Enrichment & Transformation
Code generation
Browser based input, repair and dashboards

Our clients are tier one organizations

Investment Banks, Brokers, Investment Managers, Exchanges, Clearing Houses,
Hedge funds, Corporates, Systems Integrators, Utilities and Application Vendors

What We Do Payments Example

Volante Design Time
defines:
Routing
Validation
Transformation
Enrichment
Testing

ERP
System
XML
Via ESB

Java, C++, C#

Treasury
System

Payments
System
Fixed
Width
Via MQ

CSV
Via FTP

AML/KYC
System
Tag=Value
DB Table

Volante plug-ins for

Any Format
Via any Transport

Volante Run Time Code (App Server, JVM, ESB, SaaS, Cloud)

Volante Dashboard for

Monitoring &
Repair (using
Webforms Designer)

Volante plug-ins for

Industry Standards

Persistence
&
Enrichment
RDBMS
or
CACHE

SWIFT
MT101

SEPA
ISO 20022

ACH Formats
ISO 8583

EDIFACT
X.12/BAI

What We Do Capital Markets Example

Volante Design Time
defines:
Routing
Validation
Transformation
Enrichment
Testing

Trading
System(s)
XML
Via ESB

Java, C++, C#

Volante Dashboard for

Monitoring &
Repair (using
Webforms Designer)

Conf/Affirm
System(s)

Settlement
System(s)
Fixed
Width
Via MQ

CSV
Via FTP

Reconciliation
System
Volante plug-ins for
Any Format
Via any Transport

Tag=Value
DB Table

Volante Run Time Code (App Server, JVM, ESB, SaaS, Cloud)

Volante plug-ins for

Industry Standards

Persistence &
Enrichment
(Ref Data)
RDBMS
or
CACHE

SWIFT
ISO15022
ISO20022

FIX
FpML

Omgeo
DTCC
MarkitWire

Reuters
Bloomberg

Case Study : large corporation

Bulk Payments Solution Architecture

VOLANTE

Outbound Flow
MT101
MT10x

Payments
(Bulked XML)

Swift
Alliance
Access
(real-time)

MT103
XML Outbound
Routing
MT104

Payment
Application

MT10x
Paymul
Paymul
Payments
(Bulked XML)

ACH

ACH Flow
Application Server
High Level Outbound Flow

FileAct
(Bulk Payments)

CASE STUDY : Global bank

Global Payment Transaction System

PARTNERS

COUNTRY-1
Benfificiaries
Corporates
Govts
Pensioners

CUSTOMERS

Corporates

Governments

MQ
File,
FileAct
FTP
etc

RISKManagement
System

Accounting
System

Message
Transport

MQ

WebLogic Application Server

proprietary, SWIFT, SEPA, etc

MQ
File,
FileAct
FTP
etc
Message
Transport

Volante
Solution
Enabler

DISBURSMENT INSTRUCTIONS

FXTrading
System

COUNTRY-2
Benfificiaries
Corporates
Govts
Pensioners

COUNTRY-n
Benfificiaries
Corporates
Govts
Pensioners

Payment/Remittance
150 countries

EXPRESS ELIXIR SYSTEM

REAL TIME PAYMENTS SYSTEM
Bank A

System Settlement
Account Credit/Debit

SORBNET/SORBNET2

Interfaces

Core System

Bank B Account
Credit/Debit
Immediate
Transfer

Immediate
Transfer

Bank A Account
Credit/Debit

ISO 20022

Bank B

National Bank of Poland

CSV

Proprietary Fixed-Width Data

to
SWIFT MT103
to
MX PACS 008
Process Flow

Product Overview
Data Formats

Volante Designer

SWIFT

ISO 7775
ISO 15022
ISO 20022
MT-MX translations

Payments

SEPA, ACH, EDI,

BAI2, ISO 8583

Market Data

Bloomberg
Reuters
CurreneX
FAST(OPRA,CME, FIX)

Design Time
Cartridge

Format

Reference Data

Bloomberg backoffice
Reuters DataScope
S&P

Derivatives

FpML (supports ISDA,

SWIFT-CUG, DTCC)

Data Governance

(Metadata Model)

Generic
Domain Specific

Transformation
Normalization

Persistence
Designer

Simulator

Formatting

Testing Application
Debugging
Data Generation

Validation

Trade Processing
FIX & CMS

Director

Composer

Plug-Ins

WebForms
Designer

Message Flow

Generators
Code
Java/EJB

C++
C++

C#

Document
Publisher

Message Definition
xml

DB

csv

Generic

Proprietary Data
Fixed-Width
ASCII Delimited
XML Data
COBOL Copybook

Batch Processing

COBOL Copybook, XML

Run Time
Any ESB Or
CEP Engine

Any Application
Or Web Server

Any Application
Or Middleware

Any Database

High Level Proprietary Fixed-Width to SWIFT MT103 Flow

Example Scenario:

A customers internal payments application outputs payment

messages in a proprietary data format (e.g. fixed-width data
described by a COBOL copybook, as shown below):

PTSAIN10-103-NVR-0006
0000
000000000015000SPXAIN
RECEIVERS
CORRESPONDENT
RECEIVERS
CORRESPONDENTNEW
BENEFICIARY
CUSTOMER
BENEFICIARY
CUSTOMER
/REC/INSTRUCTION
FOR
00015000USD
SHAUSD

Volante fixed-width data (COBOL copybook) to

MT103 message flow

000000USD091120
N
NEW
YORK
BRANCH
YORK
BRA
NAME
NAME
RECEIVER

Data to be sent to the SWIFT network via SWIFT Alliance Access

gateway must be in valid SWIFT format

A solution is required to parse (read and validate the structure

of) the proprietary payment message data, transform it into valid
SWIFT format and apply the SWIFT-specified cross-field validation
rules to ensure that the message is correct before sending on the
SWIFT network.

A simple Volante message flow solution for this scenario will be

used to illustrate Volantes parsing, transformation and validation
capabilities.

Parse activity for fixed-width proprietary payments data

Mapping activity to transform fixed-width proprietary payments data to SWIFT MT103

Validate activity to ensure that the resulting SWIFT MT103 cross-field validation rules
are applied

Cross-field validation rules are defined and applied exactly as per the published SWIFT message specifications
100% compliant. SWIFT uses Volante internally within its standards group for validation of message formats and
generation of test data tank files.

Serialize activity to generate the final, valid SWIFT MT103 message data

{1:F01PTSAINB0AXXX0000000000}{2:I103SPXAINB0AXXXN}{4:
:20:10-103-NVR-0006
:23B:CRED
:23E:CHQB
:32A:130320USD15000,
:33B:USD15000,
:50K:RECEIVERS CORRESPONDENT
:59:BENEFICIARY CUSTOMER NAME
:71A:SHA
-}

Demonstration:
Proprietary Fixed-Width Message Data
to
SWIFT MT103
Message Flow

Volante MT to MX/MX to MT Translation Kit

Volante has created a MT/MX Translation Kit which is a modular set of components mirroring the SWIFT
specifications in every aspect.
The modular components can be invoked individually as independent logic libraries or as part of an integrated
solution for MT to MX/MX to MT parsing, validation and transformation

The Volante MT to MX/MX to MT Translation Kit is comprised of the following components:

Function Library (follows the SWIFT ISO 20022 specifications in every aspect)
The functions are generic which can be:

Mirrors the SWIFT specifications, e.g.:

Can be invoked as part of the mapping

Can be invoked and tested independent of the mappings
tg_rule_descriptions_credit_trans_cash_mgt.pdf
tr_rule_descriptions_investment_funds.pdf

Complete set of mappings

Follows SWIFT Guidelines
Implements all functional aspects like copy, transform, stop and ignore, pre-condition, etc.
Out-of-the-box can be used immediately
Can be customized using Volante Designer to meet the customers specific processing requirements
SWIFT Certified (up to and including the last SWIFT certification 2011. Technically still certified
since the standard has not been updated since 2009)

Reference Framework to integrate with client environment

Message detection, routing, error handling, envelope handling, etc.
Integration Wrapper (Java API)

The Translation Kit can be licensed by partners and customers

Demonstration:
Volante MT to MX/MX to MT Translation Kit

Thank You:
Contact:

Mark Chapman
Sales Director, EMEA
Volant Technologies Inc.
9 Devonshire Square
London, EC2M 4YF
+44(0) 779 503 1851
+44(0) 203 178 2970
www.volantetech.com

Business Information Agility

Mark @ volantetech.com