Libris Financial

Libris Financial- Ultrasecure Financial Data "Cloud"

LIBRIS Financial can be configured to allow secure Financial Data Web Services - the so called 'Cloud Computing'.

Using our proven, industry strength UltraSecure platform, Libris Financial can offer Web Services capability to Financial companies keen to reduce existing overheads or take advantage of modern secure database processing.

Libris cloud allows:

Legacy Data import
Data Reconciliation
Secure File Transfer
Customised Data Processing
Https requests
XML data delivery
Email notifications
Secure Upload/Download
Customised API
Data Integration
Ultrasecure platform
Dedicated databases
Web Portal
Full Regulatory Compliance

Libris cloud includes:

Full Data Management
Comprehensive Web Enquiries
Massive Capacity
SSL/Https/SSH/SQL/XML
SWIFT format option
Full Support
Complete Maintenance
Dedicated, Professional team

What is ultrasecure:

Secure Key authenticity
SSL/Https/SSH
Ex MoD nuclear bunker physical location
Industry strength Firewalls
IP lockdown
Customised Security options

Case Example No. 1 - Libris Financial Cloud:
(We respect the wishes of Company X to remain anonymous for its own publicity shy purposes)

City of London Fund Management Company X, with over £9bn under management has three back-office systems, one middle office system and a multitude of spreadsheet based applications, all supporting their business critical data flow. Problems with data integration, complex processing, standardisation, support and reliability issues began to arise and over time, these issues were becoming a drain on personnel and financial resources.

Company X decided it was time to do something about these issues, embarking on a project to build a central database, consisting of core client data, and feeding in client investment data on a daily basis. The ability to extract data from the various b/o systems, reconcile that data and import it into the core database was crucial, as was the need to be able to process the data and deliver it back to the front end user applications in the required formats for onward use.

To embark on an internal project to build such a database was estimated at least £350,000/six months and this solution was not really an option as already stretched personnel and budgets conspired against any opportunities to commence with the development.

Exact were consulted to outline how the Libris Financial UltaSecure Cloud could be used to facilitate their requirements, which included:

Data extraction from a number of legacy systems
Reconciliation and data import into new database
Programmable logic to produce derived data
Parameterised https requests to initiate processing
XML return feeds to deliver data
Automated download file production
Electronic delivery of reporting and files by email
PDF file generation and delivery
Customised API for integration into existing applications
SSH Ftp service
Highest levels of security
Support and Maintenance
Ongoing development at preferential timescales/rates

Because we can leverage the database structures of our own Libris Financial Portfolio Management System, we were able to effectively map their data to our platform. Hence Company X was able to make immediate use of a high-secure financial database model together with the inbuilt integration methods to achieve secure data flow.

With no software or hardware to purchase and configure, Company X's data mapping was the only task in order to integrate to the Libris Financial Cloud.

Within 2 months, the development of the processing specifications was completed and tested - and by the end of the third month, the system was live and operational - all at a fraction of the cost of building an internal core client database, whilst maintaining full regulatory compliance.