BT uses iWay Software toStrengthen Global Messaging Platform for Financial Institutions
Communication solutions provider taps iWay platform to bring secure messaging to financial institutions globally
September 19, 2011 – iWay Software, an Information Builders company and an innovator of enterprise integration solutions, announced today that BT (British Telecommunications plc), one of the world’s leading providers of communications solutions and services, is using tools from iWay Software to implement its BT Managed Secure Messaging service for financial institutions worldwide. With BT’s solution, banks and other financial institutions can exchange messages securely, reliably and in a non-repudiable manner while also cutting costs by eliminating overheads related to message failures and the costs of correcting them.
BT has worked with iWay Software since 2007, using the core of the company’s enterprise integration platform, iWay Service Manager, to meet time-critical and cost-effective demands unique to financial organisations. BT is now also using iWay Software to ensure that each and every message processed by the service is encrypted, kept secure and is tamper-free. The BT Managed Secure Messaging service also records that each message has been sent and received and informs all parties when the message has been delivered. By using the service, BT’s customers across the financial community can exchange sensitive financial data, both externally and internally, in asecure manner while also keeping operating costs low.
“Data quality and security is an important factor for companies like BT whose business relies on creating highly secure communication avenues,” said Dave Watson, chief operating officer at iWay Software. “BT’s Managed Secure Messaging service allows bankers, brokers, investment managers, treasury managers and others not only to send reliable, secure messages but also to increase operational efficiency by being more cost-effective.”
“The ability to deliver messages securely and reliably and in a non-repudiable manner is of paramount importance to our customers,” said Alexandra Foster, Global Head of Sales, BT Radianz Portfolio, BT. “By using new iWay Software tools, we’re helping our customers achieve this level of communication security while also reducing failure rates and associated costs, and helping them increase their overall level of service to their customers.”
BT is one of the world’s leading providers of communications services and solutions, serving customers in more than 170 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to our customers for use at home, at work and on the move; broadband and internet products and services and converged fixed/mobile products and services. BT consists principally of four lines of business: BT Global Services, BT Retail, BT Wholesale and Openreach.
In the year ended 31 March 2011, BT Group’s revenue was ￡20,076m with profit before taxation of ￡1,717m.
British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York.
For more information, visit www.bt.com/aboutbt
For further information on BT’s dedicated services for the financial community, visit www.bt.com/gbfm
About iWay Software
iWaySoftware’s integration methodology is simple: it uses a single, integrated set of graphical design tools to assemble powerful pre-built components for enterprise-class business-to-business (B2B) integration, business process automation (BPA), or enterprise information management (EIM) integration scenarios – without the use of custom code. Integration configurations can be deployed in a stand-alone manner to any environment supporting a JVM – or to web application servers from any vendor. iWay delivers the fastest, most cost-effective, and simplest way to integrate and streamline critical business processes. iWay Software’s vendor-, platform-, and protocol-neutral solutions achieve the promise of SOA: true reusability.
For more information, visit www.iwaysoftware.com/about_us.
About Information Builders
Information Builders provides software and services that bring smarter decision-making and streamlined processes to leading organisations in business, government, and education worldwide. The company’s software is installed in tens of thousands of locations, servicing millions of users. Its WebFOCUS business intelligence (BI) platform delivers massively scalable information applications, analytics, and customer-facing portals to the new generation of information users to deliver game-changing business results. Its iWay Software integration platform allows enterprises to leverage all of their information resources to streamline internal and business-to-business processes while escalating the overall accessibility and integrity of information regardless of environmental complexity. Headquartered in New York City with 60 offices worldwide, the company employs 1,350 people and has established significant industry partnerships. Visit Information Builders at informationbuilders.com. For ongoing news, go to informationbuilders.com/new or follow Information Builders at @infobldrs.