REDWOOD CITY, Calif., April 27, 2009 (GLOBE NEWSWIRE) -- Informatica Corporation (Nasdaq:INFA), the leading independent provider of data integration software and services, today announced that The Bank of New York Mellon (BNY Mellon) is successfully using the Informatica data integration platform to streamline the consolidation of Asset Servicing data after the 2007 merger of The Bank of New York and Mellon Financial Corporation.
Following the development of a merged banking infrastructure, BNY Mellon, a global leader in asset management and securities servicing, leveraged the Informatica data integration platform and Informatica Professional Services to help create an Integrated Information delivery platform for global institutional clients of its Asset Servicing business.
"In the Asset Servicing domain, Informatica streamlined the merger integration between The Bank of New York and Mellon Financial Corporation," said Davendra Lal, vice president, The Bank of New York Mellon. "If we had continued down the hand-coded COBOL route and ignored the Informatica real-time integration solution, it would have taken more effort and 'time to market' to complete this high visibility Asset Servicing solution. In comparison to other tools in the market, Informatica offered us the breadth of flexibility, rapid time-to-market development capability, and low total cost of ownership we needed for our industry leading reporting system."
BNY Mellon's Asset Servicing Workbench platform is what the clients use 24x7 to access near real-time reports on custody holdings, foreign exchange transactions, and other investment activities through a single on-line portal. Informatica's data integration capabilities make it possible to extract, transform, and load the complex data for the Workbench presentation layer by providing up-to-the-second information for thousands of accounts.
Employing advanced change data capture techniques: Informatica integrates data across the bank's DB2 mainframe-based systems. Changes to data are continuously captured, as they occur, noninvasively from DB2 logs. Rather than the traditional method of accessing operational DB2 tables, the Informatica platform delivers the requisite reliability, security, and performance for capturing, transforming, integrating, and delivering operational data in a highly available, right-time fashion.
In addition, BNY Mellon has been able to leverage Informatica's rapid development features, reuse of data transforms and mapping, and built-in change management capabilities to not only speed development and deployment of the solution but also to efficiently keep the solution in synch with changing business requirements.
"As BNY Mellon illustrates, effective data integration is key to quickly realizing the business benefits of a merger or acquisition, when it most counts," said Girish Pancha, general manager, Data Integration, Informatica. "BNY Mellon used the Informatica data integration platform to rapidly deliver data services to a newly combined client base, with minimal customer interruption. As numerous companies have proven, the Informatica platform is ideally suited for driving post-merger efficiencies, business process consolidations, and customer loyalty in a flexible, rapid, and cost-effective manner, leveragable across multiple acquisitions."
The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations, and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services, and treasury services through a worldwide client-focused team. It has $20.2 trillion in assets under custody and administration and $928 billion in assets under management, and it processes global payments averaging $1.8 trillion per day. Additional information is available at www.bnymellon.com.
About Informatica
Informatica Corporation (Nasdaq:INFA) is the leading independent provider of enterprise data integration software and services. With Informatica, organizations can gain greater business value by integrating all their information assets from across the enterprise. More than 3,600 companies worldwide rely on Informatica to reduce the cost and expedite the time to address data integration needs of varying complexity and scale. For more information, please visit www.informatica.com.
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