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Data migration case study: Financial Services

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The London and Paris headquarters of BNP Paribas, the world’s largest bank, used our Transformation Manager software to deliver a new, fully integrated trading system for derivatives. …

The London and Paris headquarters of BNP Paribas, the world’s largest bank, used our Transformation Manager software to deliver a new, fully integrated trading system for derivatives.

Read on to find out how a "slag heap of code" was transformed into a usable solution.


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  • 1. Data migrationA financial servicescase studywww.etlsolutions.com
  • 2. IntroductionThe London and Paris headquarters of BNP Paribas, the world’s largestbank, used our Transformation Manager software to deliver a new, fullyintegrated trading system for derivatives.• BNP Paribas’ Fixed Interest Derivatives team had to deliver a fully integrated and high performance system to support the bank’s business operation.• Derivatives are extremely complex financial instruments, with many terms, options, contract details and logic that must be embedded within them.• Because mistakes can cost millions of Euros, the need to keep risk to a minimum is vitally important.
  • 3. The challenge• Before using ETL Solutions’ software, the team had been using XSLT to handcraft the transformations.• This initially met the bank’s need for speed but as time progressed, dealing with more challenging transformations became increasingly resource-intensive.• Maintenance and handovers were particularly difficult as complexity increased.• The XSLT became, according to bank staff, “a slag heap of code” which could not be easily read by anyone other than the original developers.• The possibility of mistakes was thus significantly magnified.
  • 4. The solution• BNP Paribas sought an alternative and evaluated a Transformation Consultancy number of potential solutions. Manager data services• The team chose to proceed with movement software ETL Solutions after evaluating our Transformation Manager software.• We provided software training and ten days of consulting to the Support, BNP Paribas team of analysts training and mentoring and developers. services• This provided a quick ramp-up period, enabling the client’s team to deliver a successful solution within three months.
  • 5. The result• BNP Paribas are very pleased with Transformation Manager and have used it for XML to XML transformations “The end code is very readable involving real time front office to back and maintainable, unlike the prior office interfaces, plus bulk XML extracts XSLT code. Performance of the for archiving and reconciliation. code is on par with hand-coded solutions, so we get a• Our software’s architectural flexibility sophisticated product that is easy enables the same logic and to work with and maintain AND transformations to be deployed in a batch gives us great performance.” solution (for archiving and reconciliation), Arnaud Daeschner, as well as a real-time workflow process Team Lead connecting to a third-party Murex engine.• BNP Paribas has also now developed a highly maintainable suite of transformation logic that can change with the business.
  • 6. Why Transformation Manager?For the user:  Everything under one roof  Greater control and transparency  Identify and test against errors iteratively  Greater understanding of the transformation requirement  Automatically document  Re-use and change management  Uses domain specific terminology in the mapping
  • 7. Why Transformation Manager?For the business:  Reduces cost and effort  Reduces risk in the project  Delivers higher quality and reduces error  Increases control and transparency in the development  Single product  Reduces time to market
  • 8. Contact us for more information: Karl Glenn, Business Development Director kg@etlsolutions.com +44 (0) 1912 894040 Read more on our website: www.etlsolutions.com Raising data management standardswww.etlsolutions.com www.etlsolutions.com Images from Free Digital Photos freedigitalphotos.net