The Bank of New York Mellon is successfully using the data integration platform from Informatica Corporation to streamline the consolidation of Asset Servicing data after the 2007 merger of The Bank of New York and Mellon Financial Corporation.
Following the development of a merged banking infrastructure, BNY Mellon, leveraged the Informatica data integration platform and Informatica Professional Services to help create an Integrated Information delivery platform for global institutional clients of its Asset Servicing business.
BNY Mellons Asset Servicing Workbench platform is what the clients use 24×7 to access near real-time reports on custody holdings, foreign exchange transactions, and other investment activities through a single on-line portal. Informaticas data integration capabilities make it possible to extract, transform, and load the complex data for the Workbench presentation layer by providing up-to-the-second information for thousands of accounts.
Employing change data capture techniques; Informatica integrates data across the banks DB2 mainframe-based systems. Changes to data are continuously captured, as they occur, noninvasively from DB2 logs. Rather than the traditional method of accessing operational DB2 tables, the Informatica platform delivers the requisite reliability, security, and performance for capturing, transforming, integrating, and delivering operational data in a highly available, right-time fashion.
In the Asset Servicing domain, Informatica streamlined the merger integration between The Bank of New York and Mellon Financial Corporation, says Davendra Lal, vice president, The Bank of New York Mellon. If we had continued down the hand-coded COBOL route and ignored the Informatica real-time integration solution, it would have taken more effort and time to market to complete this high visibility Asset Servicing solution.
In comparison to other tools in the market, Informatica offered us the breadth of flexibility, rapid time-to-market development capability, and low total cost of ownership we needed for our industry leading reporting system.
As BNY Mellon illustrates, effective data integration is key to quickly realising the business benefits of a merger or acquisition, when it most counts, says Girish Pancha, general manager, Data Integration, Informatica.
BNY Mellon used the Informatica data integration platform to rapidly deliver data services to a newly combined client base, with minimal customer interruption. As numerous companies have proven, the Informatica platform is ideally suited for driving post-merger efficiencies, business process consolidations, and customer loyalty in a flexible, rapid, and cost-effective manner, leveragable across multiple acquisitions.
L.D.