FINWAVE collaborates with IBM Z to accelerate modernization journey
Business challenge
A leading financial institution, one of the top banking groups in Europe with a significant ESG commitment, a world-class position in social impact and strong focus on climate, is facing a modernization journey by delivering a new solution to support the orchestration of all information flows related to the “Custody” internal office and to the process of Post Trading & Settlement areas, in order to gain agility and scalability, to meet expectations in the rapidly evolving digital landscape.
Re-engineering the current platform, while maintaining a strong focus on Back-End services and Securities Services both based on IBM Z architecture.
Transformation story
FINWAVE adopted its vertical platforms named Gtway and Global Custody, to roll-out an innovative integrated solution for managing messages and multi-format/multi-protocol data flows between heterogeneous internal platforms.
The scalable solution allows to absorb traffic peaks and guarantee maximum governance thanks to specific synthetic and analytical dashboards.
The solution is built with a microservices architecture based on Kafka / mongoDB and provides Pods that can be automatically scaled through containers managed by OpenShift for Asset Servicing systems.
The IBM Z architecture remains as a scalable and reliable system for Global Custody & Settlement.
Results
Capability to scale and absorb peaks and continuos monitoring with multiple dashboards.
«Even today, the IBM Z mainframe guarantees us scalability and security, both essential factors within our systems, to support business growth and an ease use of the application»Head of Platform Securities of a Large Bank.
Learn more about our products and our commitment to IBM Z: www.ibm.com/z
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