Right Time Architectures For Financial Services 2011         RIGHT TIME (RT)       ARCHITECTURES FOR     FINANCIAL SERVICE...
Right Time Architectures For Financial Services 2011Table of Contents:1.Focus on High Growth Services in Financial Service...
Right Time Architectures For Financial Services 2011   1. Focus on High Growth Services in Financial Services by 2010     ...
Right Time Architectures For Financial Services 2011   2. Right Time (RT) Concepts and Terminology       Service Life Cycl...
Right Time Architectures For Financial Services 2011   3. Right Time Architectures – APPLICATION ACCESS in RIGHT TIME (AAR...
Right Time Architectures For Financial Services 2011   4. Right Time Solutions – AART Phase I and Phase II                ...
Right Time Architectures For Financial Services 2011                                                            AART Phase...
Right Time Architectures For Financial Services 2011   5. Right Time Technologies       Enclosing list of technologies:   ...
Right Time Architectures For Financial Services 2011   6. Right Time Application in Industries        •   Financial Servic...
Right Time Architectures For Financial Services 2011   7. Right Time Implementations       Enclosing a partial list of Rig...
Right Time Architectures For Financial Services 2011   8. Right Time Implementations – Case Studies   A. PayPal Scales Rap...
Right Time Architectures For Financial Services 2011   and-play benefits with an emphasis placed on fault tolerance at eac...
Right Time Architectures For Financial Services 2011   F. VocaLink –Enable Faster Payments for Banking Transactions   For ...
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Right Time Architectures For Financial Services 2011

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Document explains the various Right Time methodologies, architectures, solutions, technologies and Case Studies as applicable for Financial Industry Implementation.

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Transcript of "Right Time Architectures For Financial Services 2011"

  1. 1. Right Time Architectures For Financial Services 2011 RIGHT TIME (RT) ARCHITECTURES FOR FINANCIAL SERVICES 2011Tushar Kale202, Balaji Garden Plot 17 Sector 11Kopar Khairne, Navi Mumbai, Indiatusharkale@tusharkale.comCell 961-975-336612 August, 2011Tushar Kale-Confidential Page 1 8/10/2011
  2. 2. Right Time Architectures For Financial Services 2011Table of Contents:1.Focus on High Growth Services in Financial Services by 2010...............................................................32.Right Time (RT) Concepts and Terminology...........................................................................................43.Right Time Architectures – APPLICATION ACCESS in RIGHT TIME (AART).................................54.Right Time Solutions – AART Phase I and Phase II................................................................................65.Right Time Technologies..........................................................................................................................86.Right Time Application in Industries.......................................................................................................97.Right Time Implementations..................................................................................................................108.Right Time Implementations – Case Studies..........................................................................................11 A.PayPal Scales Rapid Growth and Provides Near Real-Time Data across the Enterprise..............11 B.SinglePoint Innovates Reality Television with Real-Time Reporting...........................................11 C.ERCOT Implementation of GoldenGate for Real-Time Operational DW....................................11 D.NetJets Migrate its Mission Critical Application with Near Zero Downtime...............................12 E.Enabling Live Reporting for Leading Turkish Bank; Yapi Kredi..................................................12 F. VocaLink –Enable Faster Payments for Banking Transactions..................................................13 G. JSC Akciju komercbanka Baltikums Selects Intalio to Increase Efficiency and Support Aggressive Expansion Plans..............................................................................................................13Tushar Kale-Confidential Page 2 8/10/2011
  3. 3. Right Time Architectures For Financial Services 2011 1. Focus on High Growth Services in Financial Services by 2010 • Message Reconciliation, Matching • Trading Partner SLA Monitoring • Intelligent Message Routing • End-to-End Transaction Tracking • Message Transformation • Algo Trading • Nonrepudiation ServicesTushar Kale-Confidential Page 3 8/10/2011
  4. 4. Right Time Architectures For Financial Services 2011 2. Right Time (RT) Concepts and Terminology Service Life Cycle Management A. Real-Time Aware Service Composition B. Dynamic Service Deployment and Configuration C. Real-Time Planning and Scheduling D. Service Instrument for Observability & Monitoring E. Real-Time Control on Service Behavior Enabling Technologies F. Software-as-a-service and infrastructure-as-a-service applications G. Event driven architecture for RT H. Database modeling & management for RT I. Middleware & infrastructure for RT J. Real-time mining, simulation & optimization Methodologies K. Time Flow Modeling for RT L. Requirement engineering for RT M. Testing approaches for RT N. Quality of service support for RT O. Measurement and analysis of RT P. Run Time Flow Execution for RT Applications Q. Case studies of major RT projects R. Implementation of RT in real-world environment S. Analysis of industry-specific trends and challenges T. Benchmarking models geared for RT U. Use RT to guarantee quality-of-services provisioning V. Leverage RT to enable Evolvability and interoperability W. Safety, robustness and availability issues and approaches using RT X. RT programming model and development methodologyTushar Kale-Confidential Page 4 8/10/2011
  5. 5. Right Time Architectures For Financial Services 2011 3. Right Time Architectures – APPLICATION ACCESS in RIGHT TIME (AART) Businesses today are requiring right-time transactions, right-time decisions, and immediate allocation or reallocation of resources to meet changing customer and business requirements. We dont have to wait for a very mature stage of DW or BI to implement Active (analytical real-time) applications. Organizations can begin in the earlier stages with Active Loading and Active Access to provide support for right-time decisions which affect customer profitability, loyalty, and cost reduction. Focusing on right-time results such as, handling a customer complaint call, avoiding customer "churn" or loss or simply reducing the length of time it takes to call a customer back by focusing on the decision and the action -- not just on the data and the reports. Many companies are implementing new actions that were previously impossible or very difficult to deliver. This session will give you a formidable view of numerous successful ACTIVE INTELLIGENCE applications. AART is a service that consumer groups would have subscription to for accessing application data in Right Time. This would be implemented in 2 phases. Phase Scope I. 1. Create a platform for enabling AART access 2. Provide Basic and intermediate services to support Business Intelligence and Operational Intelligence Reports 3. Source data from a single data feed : One transactional processing system 4. Provide services to downstream systems (A, B, C) II. 1. Create intermediate and Advanced services 2. Add multiple feeds of data sources : Internal Websites , External websites 3. Provide additional services to existing downstream systems (D, E, F, G) 4. Provide services to additional downstream systems 5. Create additional services such as Web Analytics, Exploration Warehousing, Adhoc ReportingTushar Kale-Confidential Page 5 8/10/2011
  6. 6. Right Time Architectures For Financial Services 2011 4. Right Time Solutions – AART Phase I and Phase II AART Phase I Transaction EWD Processing BI Reports Application Business Objects Universe 1. Operational Intelligence Reporting Operational Reports 2. BI Reporting ODS Existing Source System System A NEW APPLICATION System B System C Services Enabled ApplicationsTushar Kale-Confidential Page 6 8/10/2011
  7. 7. Right Time Architectures For Financial Services 2011 AART Phase II Business Objects Universe Transaction Processing 1. OI Reporting (Operational Intelligence ) Application Reporting- SB Transactions 2. BI Reporting Treasury Cash Flow Analysis DOWNSTREAM Existing Accounts SYTEMS Source Exchange Rates System Project Loans BI Reports Liability Assets BI Reports EDW System A System B Fund Management System C Portfolio Management Operational Reports 3. Analytical Reporting Compliance ODS WEB SITES Customer Service NEW APPLICATION MIS 1. Internal Risk Management 2. External Web Analytics Money Desk Investments RecoveryUNSTRUCTUREDDATA 4. Exploration Warehousing Marketing Analysis1. Textual Exposure Analysis2. Voice 5. Adhoc Reporting External Data Services Enabled Model Driven Collaborative ApplicationsTushar Kale-Confidential Page 7 8/10/2011
  8. 8. Right Time Architectures For Financial Services 2011 5. Right Time Technologies Enclosing list of technologies: •IBM Change Data Capture •InfoSphere Streams •Business Process Management System (BPMS) •Service Oriented Architecture in Right Time (SOART) •Business Intelligence as a Service (BIaaS) •DataWarehouse as a Service (DWaaS) •Infrastructure as a Service (IaaS) •Complex Event Processing (CEP) •Custom Built : Informatica (ETL), Oracle, Unix, Scheduling Tool •Rules EngineTushar Kale-Confidential Page 8 8/10/2011
  9. 9. Right Time Architectures For Financial Services 2011 6. Right Time Application in Industries • Financial Services a. NYSE, getting real-time news, and producing and generating real- time financial and stock reports b. Companies are tracking expenditures against budgets in real-time c. SEC filings and corporate reports with an email alert service • Aerospace • Aviation • Air Traffic Controllers e.g., the ATCSCC Real-time Airport Status • (http://www.fly.faa.gov/flyFAA/index.html) • Auction Websites • Banks • Bioterrorism • Communications • Customer Support (computer support for real time collaborative work) • Education • Emergency Response Personnel • Entertainment • Federal and State Governments • Healthcare • Manufacturing (Production Mangers) • Military Commanders • Printing • Real Estate • Retail • Stock Exchange • Software e.g., Trend Micro (http://www.trendmicro.com) uses a dynamic map to analyze worldwide computer virus trends in real time and to predict virus outbreaks and prevent them proactively • Systems Integration • Transportation • Travel • Weather forecasters (NCAR-RAP Real-Time Weather Data website)Tushar Kale-Confidential Page 9 8/10/2011
  10. 10. Right Time Architectures For Financial Services 2011 7. Right Time Implementations Enclosing a partial list of Right Time Implementations in Financial Services industry for ready reference: • Blum Capital Partners L.P Informatics’s Data Integration Power Pack with the Real Time Option allows us to build real-time web service integration between Salesforce.com, Reuters information service and our internal systems. It allows us to automatically download key information on companies of interest from multiple sources into a single user interface. As a result, our investment professionals can access the information that they require whenever and wherever they need it. We believe that the automatic population of data via integration is a key driver for higher user adoption for any CRM solution and therefore our return on investment is increased for our whole application infrastructure.” • SEI “If our Global Wealth Management Platform was not operational, it would be extremely significant for us. Without Informatics’s right-time data integration capabilities, we would have had to create multiple decentralized integration mechanisms, which would have added additional overhead and risk. The Power Exchange CDC functionality Informatica provides allows us to remain a 24 x 7 platform. It ultimately allows us faster time to market with fewer bugs.” • Abbey National • SmartStream • Salesforce.com • KPN • The Principal Financial Group • JP Morgan • Citibank • Bank of America • PayPal • Sprint Nextel • ERCOT • Orbitz • Dell • Virginia Mason Medical Center • VocaLink • SinglePoint • OSF Healthcare • Haggen • TravelCLICK • Federated Investors • Mayo Foundation • Cal ISO • Timco Aviation Services • AllStream • Level-3 Communications • Prosilent Technologies AB • Sony Entertainment • Wells FargoTushar Kale-Confidential Page 108/10/2011
  11. 11. Right Time Architectures For Financial Services 2011 8. Right Time Implementations – Case Studies A. PayPal Scales Rapid Growth and Provides Near Real-Time Data across the Enterprise PayPal, acquired by eBay in 2002, is a global leader in online payment solutions with more than 164 million accounts worldwide. Available in 190 markets and 17 currencies around the world, PayPal enables global ecommerce by making payments possible across different locations, currencies, and languages. With rapid growth world wide in addition to an ever expanding portfolio of new products and services, PayPals operations and product development teams were faced with the daunting challenge of scaling its most critical systems. In this session, Andrew Lanthier will share the overall business drivers behind PayPals marquee scalability initiatives and how data replication and management plays a critical role in that effort. Andrew will also discuss some of the challenges most companies face in managing data across the enterprise, and specifically how PayPal examined various technology approaches, including a "build in house" strategy, before partnering with GoldenGate to deliver a world class data replication infrastructure. Moving forward, PayPal recognizes the importance of delivering real-time ODSs as a key strategy to drive growth and deliver new business opportunities. B. SinglePoint Innovates Reality Television with Real-Time Reporting SinglePoint is the leading provider of interactive television solutions in North America working with content owners, media companies, and advertisers to create, deliver, and confirm premium mobile messages. In late 2007, SinglePoint processed 84 percent of interactive TV transactions initiated by mobile text message users. One aspect of television is the need to be able to adjust the on-air presentation to get the best results. SinglePoint uses GoldenGate to merge information from 3 different systems running in 2 data centers into a real-time reporting system that can show traffic and votes with seconds of latency in order to adjust the next segment. Join this session as Curt Miller discusses in detail the best practices approach SinglePoint took to implement GoldenGate, transform SinglePoints business model and change the face of reality TV. C. ERCOT Implementation of GoldenGate for Real-Time Operational DW The Electric Reliability Council of Texas (ERCOT) operates the electric grid and manages the deregulated market for 75 percent of the state of Texas. The mission of ERCOT is to direct and ensure the reliable and cost-effective operation of the electric grid and to enable fair and efficient market-driven solutions to meet customers electric service needs. This presentation will describe the implementation of GoldenGate Software at ERCOT. GoldenGate is used to synchronize a large operational data warehouse from the various source databases supporting business critical applications. Oracle is the preferred database for the source and target environments. Most of the GoldenGate data replication operates at or very close to real-time, with a few exceptions. The operational data warehouse provides historical data snapshots as of a point-in- time for a variety of reports to the business. Additionally, it also supports data extracts that are very critical to various external customers and market participants. The standardization and modularity of each GoldenGate replication stream allows quick build-out of new environments and offers plug-Tushar Kale-Confidential Page 118/10/2011
  12. 12. Right Time Architectures For Financial Services 2011 and-play benefits with an emphasis placed on fault tolerance at each level of the GoldenGate implementation. Both the GoldenGate Veridata™ and Director™ products have been deployed to monitor the various GoldenGate components and minimize the business impact of data discrepancies. Achieving a high degree of continuous data feeds with quality control on data, resilience of overall end-to-end process and scope for scalability, are some of the great benefits ERCOT has been able to achieve with GoldenGate. D. NetJets Migrate its Mission Critical Application with Near Zero Downtime Application Migration and Server Consolidation form the basis of data center simplification. To leverage new technology, (Power, Virtualization, etc.), knowing how to protect the business logic application is of extreme importance to the success of an organizations migration plans. This session will focus on the history, expertise, and execution best practices of the IBM Migration Factory. NetJets Inc., a Berkshire Hathaway company, is the worldwide leader in private aviation and provides the safest and most secure private aviation solutions. NetJets fractional aircraft ownership allows individuals and companies to buy a share of a private business jet at a fraction of the cost of whole aircraft ownership, and guarantees availability 365 days a year with just a few hours notice. The NetJets programs worldwide offer the largest and most diversified fleet in private aviation, which includes 15 of the most popular business jets in the world. Access to the NetJets fleet is also available in the form of a short-term lease, sold on an all-inclusive, pre-paid basis in 25- hour increments, through an exclusive alliance with Marquis Jet Partners. NetJets Inc. also offers aircraft management, charter management, and on-demand charter services through its subsidiary, Executive Jet Management. More information on NetJets, the Marquis Jet Program, and Executive Jet Management is available at www.netjets.com. NetJets used GoldenGates real-time migration solution to replicate transactional production data from its core application database which ran on Sun Solaris 10 (v890) to a more powerful IBM AIX 5.3 (p570) platform. NetJets was looking at 36 hours of downtime for their migration or a long arduous process of upgrading the database to 10gR2 on Solaris and then migrate to AIX. The implementation of the GoldenGate solution not only allowed NetJets to keep their mission critical application running during the migration, but it also enabled NetJets to move to a more powerful platform in a short period of time. NetJets is now seeing better performance of their mission critical application on the new IBM AIX platform. E. Enabling Live Reporting for Leading Turkish Bank; Yapi Kredi A pioneer in retail banking and innovation, Yapi Kredi was the first bank to introduce Turkish consumers to services such as: loans, credit cards, account access cards, ATMs and various other banking and investment products. With over 13 million customers and more than 670 branches throughout the country, it has always been a major priority for Yapi Kredi to run efficient IT operations. Yapi Kredi understands the importance of delivering high quality service to its growing community and to better understand its customer base, as well as to offer relevant add-on products and services. Join this session, jointly presented by Yapi Kredi and ITD, to learn how the bank implemented GoldenGate Live Reporting in an effort to move away from batch processing using ETL which yielded report latency and performance degradation against the source system, to off- loading reporting activity to a lower-cost environment, where the most current data is always available for enterprise reporting requirements.Tushar Kale-Confidential Page 128/10/2011
  13. 13. Right Time Architectures For Financial Services 2011 F. VocaLink –Enable Faster Payments for Banking Transactions For the past 40 years, VocaLink has pioneered and provided solutions to banks, financial institutions and businesses for secure electronic payments. VocaLinks automated payment platform processes over 80 million transactions per day and the switching platform powers the worlds busiest ATM network, connecting over 60,000 ATMs, predominantly across the UK and Europe . Link UK Interchange (now VocaLink) has been an ACI Base24™ customer since 1997 and initially deployed GoldenGate in 1999 for high availability / disaster tolerance of its distributed ATM network running on the HP NonStop platform. Downtime is not an option and VocaLink successfully used GoldenGate to upgrade to a new version of Base24 with minimal downtime. Since that time, GoldenGate has become an integral part of the IT Infrastructure and additional projects have been deployed such as linking ACIs Card Management System to Base24 and more recently for a new "Faster Payments" application in order to meet recent compliance rules drawn up by the UK Governments Office of Fair Trading, which stipulates that telephone and Internet payments be carried out close to real-time as opposed to previously taking 3 days. This presentation will share a number of best practices for using GoldenGate in a Base24 environment and extending the value of GoldenGates capabilities across environments that require high performance data integration and movement. G. JSC Akciju komercbanka Baltikums Selects Intalio to Increase Efficiency and Support Aggressive Expansion Plans Link to Case Study http://www.intalio.com/customers/success-stories/success-story-bankbaltikums/Tushar Kale-Confidential Page 138/10/2011

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