iWay Enhances B2B Collaboration for Maitland
Company Size
1,000+
Region
- Africa
- Europe
Country
- Luxembourg
- South Africa
Product
- iWay DataMigrator
- iWay Service Manager
- iWay SWIFT eBusiness Accelerators
Tech Stack
- Middleware Integration Platform
- SWIFT Message Processing
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Cost Savings
- Productivity Improvements
Technology Category
- Application Infrastructure & Middleware - Data Exchange & Integration
Applicable Industries
- Finance & Insurance
Applicable Functions
- Business Operation
- Procurement
Use Cases
- Process Control & Optimization
- Regulatory Compliance Monitoring
Services
- System Integration
About The Customer
Maitland is a global provider of fund administration, multi-jurisdictional legal, tax, fiduciary, and investment advisory services. The firm has in excess of $280 billion in assets under administration. Founded in 1976 in Luxembourg, Maitland provides cross-border legal and tax advisory services to private and corporate clients. The company has grown through a series of acquisitions, both geographically and in the range of services that it offers to its clients. A significant part of Maitland’s business involves providing administrative, asset management, and infrastructure solutions to institutional and alternative fund managers throughout the world. Maitland administers 50 percent of pension funds and 60 percent of hedge funds in the South African market.
The Challenge
Maitland, a global provider of fund administration, legal, tax, fiduciary, and investment advisory services, was seeking a general-purpose software environment that could simplify data integration, data quality, application integration, and B2B integration for SWIFT message processing. The company wanted to link its trading and settlement systems and orchestrate new interfaces to internal and external systems. The challenge was to find a platform that could read, write, and enrich SWIFT transactions while shielding clients from the complexities of the underlying computing environment. The company also wanted to enable straight-through processing (STP) by setting up SWIFT-based messaging for Maitland’s external trading partners.
The Solution
Maitland chose iWay Software technology to seamlessly link its trading and settlement systems with those of its partners. The iWay integration environment simplified connections among trading systems, settlement systems, enterprise applications, and third-party trading partners. iWay supported the complete message set for SWIFT, including payments, trade services, securities, and trading. Information Builders updates the SWIFT libraries every year, including new dictionaries, schemas, and translation templates for all of the SWIFT messages. Maitland used iWay to enable STP by setting up SWIFT-based messaging for its external trading partners. In addition to brokering SWIFT messages, iWay loads pricing data from various exchanges so traders and fund managers always know the value of the instruments that they have purchased. Maitland also used iWay to perform large volume data extracts and to handle other types of B2B integration.
Operational Impact
Quantitative Benefit
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