Extends leadership by OEMing Informatica data integration platform REDWOOD CITY, Calif., June 16
REDWOOD CITY, Calif., June 16 /PRNewswire-FirstCall/ -- Informatica
Corporation (Nasdaq: INFA), the leading independent provider of data
integration software, today announced that SmartStream Technologies, a leading
provider of software to the financial services industry, is OEMing the
Informatica PowerCenter data integration platform as part of its flagship
Transaction Lifecycle Management (TLM) solutions.
In making Informatica PowerCenter the foundation of its SmartStream TLM
Business Integration (TLM BI) offering, SmartStream is empowering those
customers with complex data environments to accelerate the return on
investment of their TLM deployments through the high-performance and
cost-effective integration of data involved in transaction cycles.
"The increasing drive to streamline global banking practices means our
software needs to manage highly complex and rapid transactions across
platforms and different banks. By using Informatica, rather than continually
creating bespoke data interfaces, we can enable a faster ROI while freeing our
professional services teams to provide more value to customers," said Neil
Vernon, head of SmartStream's Product Management Group. "We selected
Informatica to power TLM BI following an evaluation where they scored highest
against our key criteria of usability, reusability and performance. In
addition, it was critical that TLM BI have the focus and support of a
recognized best-of-breed vendor such as Informatica."
Previously, SmartStream took a custom approach to addressing the data
integration needs of each customer. But with banking becoming more globalized,
legislated, and focused on achieving operational efficiency, SmartStream
solutions have increasingly needed to embrace multiple data formats, utilize
data from many more platforms, and meet the requirements of an expanding
transaction lifecycle. In turning to Informatica, SmartStream is now able to
meet these needs through a standard platform approach to data integration that
can keep pace with customers' escalating processing requirements, and has
avoided having to build and sustain advanced integration capabilities on its
own.
As the data integration engine for TLM BI, Informatica PowerCenter serves
as the data hub for a growing number of SmartStream customers with complex
data environments. PowerCenter provides these customers with a highly scalable
and codeless development environment to facilitate the integration of data
from literally hundreds of disparate source systems and applications. This
includes handling data from proprietary and legacy banking systems as well as
industry standard libraries including CHAPS, SWIFT, NACHA and FIX.
Consequently, Smart Stream has reduced both its own development costs and
those of its customers, sped up customer time-to-value, and redeployed its
professional services teams from data integration tasks to providing
higher-value business process management consulting.
"Powerful data integration is pivotal in today's banking environments,
from managing risk to knowing the customer to providing visibility into
transaction processes like the way SmartStream does it," said Harry Gould,
senior vice president, Worldwide Alliances, Informatica. "Informatica-powered
data integration is a key resource in more than 800 financial institutions
worldwide. And it is also an increasing strategic advantage for ISVs and SIs
serving the financial and other industries, who can turn to Informatica to
address technical challenges that lay outside of their core expertise. This
keeps them and their customers perpetually on the cutting edge of data
integration performance and functionality."
About SmartStream
SmartStream Technologies provides enterprise-wide, real-time Transaction
Lifecycle Management (TLM) solutions to 1,000 clients, including more than 75
of the world's top 100 banks. SmartStream's solutions enable clients to tackle
the barriers to Straight Through Processing (STP) and create more efficient,
customer focused, cost-effective, compliant operations.
About Informatica
Informatica Corporation (Nasdaq: INFA) is the leading independent provider
of data integration software and services. With Informatica, organizations can
gain greater business value by integrating all their information assets from
across the enterprise. More than 3,200 companies worldwide rely on Informatica
to reduce the cost and expedite the time to address data integration needs of
varying complexity and scale. For more information, call +1 650 38 5 5000
(1 800 653 9871 in the U.S.), or visit http://www.informatica.com.
Note: Informatica and PowerCenter are registered trademarks of Informatica
Corporation in the United States and in jurisdictions throughout the world.
All other company and product names may be trade names or trademarks of their
respective owners.
SOURCE Informatica Corporation
