Financial Services Solutions

With continuing instability and uncertainty, a growing regulatory burden, fierce competition, and a record number of mergers and acquisitions, flexibility and business continuity are fundamental to the future of every financial institution.

Axway’s Financial Services solutions are based on a secure data transmission platform that provides complete visibility and control over all financial data and transaction flows. A broad range of functionality (including Managed File Transfer (MFT), community management, multi-enterprise integration and collaboration, and business analytics and process management) provides the capabilities and flexibility organizations need to manage consolidation, lower costs, reduce risk, and adapt to changing technology, market, and regulatory requirements.

With an Axway Financial Services solution,

• Banks can streamline operations and turn upcoming regulatory obligations into business opportunities – such as offering integrated, automated services to attract new corporate customers and create new incremental revenue streams..
• Market infrastructures can enhance efficiency of the transaction processing networks connecting banks and corporate treasuries.
• Corporations can move toward adoption of new standards  while continuing to use existing systems to translate data into compliant formats.

Reduce costs through platform consolidation.

With global financial exchange mandates such as Single Euro Payment Area (SEPA), Payment Services Directive (PSD), and the National Automated Clearing House Association’s (NACHA) new rules and new format for international ACH transactions (IAT) coming down the pike, Axway solutions can put you ahead of the curve with proactive compliance and a golden opportunity to attract new customers. By consolidating all of your financial flows and providing real-time integration, security, and visibility into payment processes as they occur, Axway Financial Services solutions help you reduce costs while ensuring that your high-value payment flows meet processing deadlines and satisfy new requirements for service-level agreements (SLAs). Axway also provides a tool for migrating existing clients from multiple platforms to a single, centralized gateway.

Axway has a long history of expertise in financial services infrastructure and security, having authored or co-authored such protocols as PeSIT, AS2 and Secure Sockets Layer (SSL). Axway’s solutions are certified as an Electronic Banking Internet Communications Standard (EBICS) provider, and are compliant with SWIFT, IS0 20022, SEPA, NACHA IAT, FIX and more.

Axway solutions provide full support for SWIFTNet and EBICS protocols, and a smooth transition path from ETEBAC, which will be phased out in 2012.

Manage risk and ensure compliance through policy-based governance.

Managing liquidity, preventing data loss, and complying with industry and government regulations such as PCI Security Standards Council, Single Euro Payment Area (SEPA), Gramm-Leach-Bliley Act (GLBA), Sarbanes-Oxley (SOX) and others are now at the top of the mandate list for the entire Financial Services industry. The success of each initiative depends on the ability to see, analyze, and proactively manage all of the different types of interactions happening within your trading ecosystem. Axway Financial Services solutions deliver the complete transparency and control necessary for effective automation, risk management, cost control, and regulatory compliance throughout your business interaction network.

Drive core revenue through integrated, automated transactions and community management.

With risky business a thing of the past, providing high-value fee-based services to partners and customers is key to driving incremental revenue. But for many financial institutions, establishing a new connection requires a mini IT project. Axway solutions close the gap between business relationship management and technical connectivity, allowing you to rapidly grow your business with fast, easy, and secure on-boarding of customers and partners, including robust community management features that allow you to easily automate enrollment processes like subscription, registration, provisioning, testing, and operations.

Unlike packaged applications, Axway can integrate and manage ANY interaction with your customers, partners, and regulators as well as the U.S. Federal Reserve — complete with transformation, enrichment, and control capabilities. The unique ability to integrate directly with customers’ ERP and accounting systems enables banks to keep and win business with innovative, revenue-generating services such as automated corporate payments.

Axway also offers managed services that allow banks and corporations to outsource activities such as customer enrollment, provisioning of communication endpoints to customers, and more. For corporations, our solutions also facilitate secure Straight Through Processing (STP) of payment transactions through market infrastructure.