New Standards-Based Accelerators Simplify Integration While Addressing Vertical-Specific Data Transformation, Reporting, and Delivery Needs
London, UK – April 22, 2003 – iWay Software, an Information Builders company that accelerates business integration, today announced two integration technology solutions for the financial services and healthcare industries. iWay’s new integration accelerator kits are designed to help organisations implement standards-based information exchanges with a highly attractive and measurable return on investment (ROI). The financial and healthcare integration suites announced today supplement iWay’s four previously announced standards-based homeland security suites for government.
iWay Software Financial Services Integration Suite
iWay Software’s Financial Integration Suite combines industry expertise and standards-based tools into flexible and reusable integration solutions that enable financial institutions to successfully transform operations and migrate to next-generation standards. For example, the Society of Worldwide Interbank Financial Telecommunications (SWIFT) recently ceased conducting business with ISO 7775 message types. iWay immediately responded by building solutions to transform and integrate existing ISO 7775 message infrastructures with new and evolving global financial standards such as FIX, GSTPA, ISITC, Thomson/DTCC, Omgeo, and DTCC/MBSCC. iWay is also delivering solutions that integrate existing information sources with modern systems and meet regulatory mandates for streamlined transaction processing and straight-through processing (STP). Similarly, iWay’s special-purpose suites support rapid compliance and predictable ROI for initiatives like anti-money laundering and "know your customer" – enabling financial institutions to more efficiently integrate customer information systems with data in stovepipe applications to quickly glean insight into potential fraudulent activities.
iWay Healthcare Integration Suite
This integration suite builds upon iWay’s track record of creating full enterprise application integration (EAI) solutions for transforming disparate data into vital healthcare information. The new suite extends and interconnects such traditional EAI infrastructures to comply with new healthcare standards mandates such as the Health Insurance Portability and Accountability Act (HIPAA), as well as e-business messages like Health Level–7 (HL7) to streamline workflows and eliminate manual data entry with its associated lag times and errors.
Trustmark Insurance, a leading insurer and benefits administrator, uses iWay Software's XML integration software to meet critical HIPAA provisions. Trustmark’s solution accepts incoming requests for the status of a health claim, matches requests with the proper claims, identifies claim status, and responds to the requester. The solution reduces Trustmark’s costs, increases infrastructure flexibility, and provides better service to customers and partners. "We wanted to do more than remediate our existing systems," said Nasser Farimani, Trustmark's vice president of information technologies. "We found the iWay solution the easiest to use in terms of EDI to XML mapping, the most flexible in terms of its integration capability with MQ and MQSI, the fastest in terms of speed of implementation, and the most comprehensive, end-to-end solution in terms of its legacy integration capability.”
iWay Software integration accelerator suites for financial services, healthcare, government and homeland defense are now available.
About iWay Software
iWay Software, an Information Builders company, is a market leader in middleware that accelerates business integration. With facilities to integrate systems in real time, near-real time, or on a scheduled basis, iWay provides a complete reusable infrastructure for EAI, B2B, e-commerce, and mobile business. iWay's experience with complex information systems led to the development of prepackaged Intelligent Adapters to connect to more than 200 packaged applications, transaction systems, legacy data, relational databases, and e-business formats, without writing custom code. iWay Software integration solutions significantly reduce the time, cost, effort, and risk of integration projects throughout the enterprise.
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