A project to BNP Paribas Australia’s clients via SWIFT has automated reporting of cash and holding positions with Microsoft’s BizTalk Server 2004.
Prior to the implementation, reporting of position statements to investment managers required significant manual processes. BNP Paribas was interested in increasing accounting and reconciliation standards, reducing manual processes and to forward STP by standard SWIFT reports.
The goal of the project was to automate the production of MT 950 and MT 535 messages using data from a proprietary data warehouse, utilizing Microsoft BizTalk Server 2004 with the Microsoft BizTalk Accelerator for SWIFT 2.1. BizTalk handled all business process logic, message transformation, exception handling and system integration.
“BizTalk is familiar to our developers, and integrates with the other development tools from Microsoft increasing the overall efficiency of our developers,” said Tim Smithers, manager of IT strategy, architecture and development at BNP Paribas Australia. “BizTalk is also used within the Australian marketplace, and skills within BizTalk are available overall BizTalk is a ‘cost effective solution’ for us.”