Temenos T24 integration Using Fiorano Microservices Significantly Compresses Time to Market
LONDON, UNITED KINGDOM - (Marketwired, May 6, 2015) - Fiorano Software, a leader in enterprise integration and messaging middleware solutions, today announced that the Fiorano Platform has been deployed by a large UAE Bank to integrate its core banking system with disparate applications, enabling faster time to market and an order of magnitude reduction in the complexity of the core banking application.
"Before Fiorano, the bank had no middleware," explains the Senior Manager, IT systems, Information Systems & Technology. "All satellite applications were connected to the core banking application directly. As a result, lots of customizations were developed in the core banking system. This increased the load and complexity of the system."
Fiorano implemented an 'out of the box' integration solution for the Bank's Temenos T24 core banking system with Microservice-centric connectors, a powerful, new standard way of linking its core banking system with disparate applications, making Fiorano a fundamental part of the banking architecture. Temenos T24 integration with the Fiorano ESB incorporates proven enterprise architecture, service delivery, deployable business functionality and an integrated portfolio of Microservice-centric business services transforming the Bank's architecture into a horizontal, closely integrated core system to manage the real-time flow of data.
"Fiorano has streamlined the entire application architecture in the bank. It has simplified the time required for development of interfaces between the core banking application and satellite applications. Prior to Fiorano, a medium complexity interface (with 5 message types) would take about 3 weeks (15 man days) for development. Now with Fiorano, we complete the development activity in a week's time (5 man days).
"During the initial phase, the plan was to integrate the complex interfaces through Fiorano. Since that has been completed successfully, we have planned to migrate all the current and future interfaces to Fiorano," said the Senior Manager, IT systems, Information Systems & Technology of the Bank.
With Fiorano, 'Citizen Integrators' can visually assemble instantly running solutions by drawing application and service nodes on a canvas through drag-and-drop of active Fiorano Microservice components. The lines between nodes comprise event flows via active message pipelines, collectively representing user-defined event-driven architecture. The visual model is the ready-to-run, fully implemented application, with no additional programming required.
With successful completion of phase one, the Bank is looking at adding twenty more applications and scale its banking architecture to achieve greater agility.
About the Customer -- a large UAE Bank:
Incorporated in the UAE, with a 2014 operating income of more than AED 1 billion, the reported Bank is a full services bank with strong corporate and commercial banking, treasury and trade finance expertise as well as an expanding suite of personal banking options and Shariah-compliant services.
It recently won several awards at the 2015 Banker Middle East Product Awards, further establishing its leadership in the Middle East region.
Founded in 1995, Silicon Valley-based Fiorano, a USA (California) Corporation with worldwide operations, is a trusted provider of enterprise integration middleware, high performance messaging and peer-to-peer distributed systems. Fiorano has over two decades of experience in the financial industry, its Microservice-based ESB providing an "out-of-the-box" integration backbone to leading core banking systems including Infosys Finacle, Temenos T24, Oracle Flexcube, TCS BaNCS and Fern Abacus.
This makes Fiorano an ideal choice for Temenos T24 clients who do not have an incumbent ESB as well as those implementing 'bank in a box' solution. Fiorano with its range of products offers powerful, new way of linking applications and creating new services resulting in greater agility and reducing the time and cost to add new applications, functionality and partner network.
Leading financial institutions including Commercial Bank of Africa, I&M Bank, Rabobank, Federal Bank, Barclays Bank, Federal Bank of New York, IG Group and Quicken Loans have deployed Fiorano to drive innovation through open, standards-based, event-driven real-time solutions yielding unprecedented productivity.
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