Bankgesellschaft Berlin Tracks Foreign Exchange Trades with Bristol's TransactionVision Software.Business Editors DANBURY Danbury (dăn`bĕr'ē, –bərē), city (1990 pop. 65,585), Fairfield co., SW Conn.; settled 1685, inc. as a city 1889. , CT--(BUSINESS WIRE)--July 11, 2001 Bristol Technology, Inc. (www.bristol.com) today announced that Bankgesellschaft Berlin, a large German banking group, has selected TransactionVision(TM), Bristol's innovative transaction analysis software for IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) (NYSE NYSE See: New York Stock Exchange :IBM) MQSeries-based e-business systems. TransactionVision ensures that the bank's foreign exchange trades are completed, thereby reducing operational risk and improving customer service. Like most major trading firms today, Bankgesellschaft Berlin faced the ever-increasing challenge of tracing trade information throughout their system. Knowing the exact status of a trade at any time is critical to the risk-management department, trading floor operations and customers. "It was important for us to find a solution that would accelerate our MQSeries development while ensuring that our business transactions achieved our goal of 100% availability and reliability," said Alexander Loesch, of Bankgesellschaft Berlin. "With TransactionVision, we have seen an increase in the overall quality of our applications and filled a void in our transaction management process. We now have full control over the current states of trades in our system. With such a solution, we can devote more time to our internal and external customers and improve our responsiveness to their questions." Bankgesellschaft Berlin also found TransactionVision to be extremely valuable while performing middleware Software that functions as a conversion or translation layer. It is also a consolidator and integrator. Custom-programmed middleware solutions have been developed for decades to enable one application to communicate with another that either runs on a different platform or comes from a transaction audits. They are now able to trace both current transactions as well as view historical business transactions for a quality audit trail. "Bankgesellshaff Berlin has recognized that TransactionVision will be an integral part of their production environment," said Chane Cullens, Bristol's president. "Other financial institutions are quickly realizing that they require the ability to actively manage transactions from end-to-end end-to-end a pattern of anastomosis in which severed ends are matched and united, in contrast with other patterns such as end-to-side or side-to-side. Usually applied to anastomosis of the intestine. and provide status to business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets , IT staff and customers alike." TransactionVision is the first software solution to provide companies like the Bankgesellschaft Berlin with a global view of their e-business transactions, dramatically improving the quality, performance, and reliability of e-business systems. This unique insight enables companies to visually cut through system complexity and pinpoint information flow failures and performance bottlenecks. By analyzing the flow of information throughout IBM MQSeries-based systems, TransactionVision helps ensure that e-business information gets to the right place, at the right time, with the right content. About Bankgesellschaft Berlin Bankgesellschaft Berlin is a German listed banking and financial group. From their location at the centre of Europe they serve their customers in retail banking, real estate and project financing Project financing A form of asset-based financing in which a firm finances a discrete set of assets on a stand-alone basis. , and capital markets. With a staff of 16,000 and total assets of approximately Euro 200 billion they are one of the top ten banks in Germany This is a list of banks in Germany; see also: (Association of German banks) Europe's financial center in Frankfurt am Main is home to the Euro and the Frankfurt Stock Exchange, as well as base of operations for various financial institutions: Central banks Three Berlin banks with a long tradition united to form this major listed financial group an optimal customer service: Bankgesellschaft Berlin AG with its subsidiaries Berliner Bank, Landesbank Berlin (incorporating Berliner Sparkasse, a savings bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. ) and Berlin Hyp, a mortgage bank. This structure is a model of co-operation between private banks, a central giro institution and a savings bank under the roof the Group holding Bankgesellschaft Berlin. With locations in London, Luxembourg, Warsaw Warsaw (wôr`sô), Pol. Warszawa, city (1993 est. pop. 1,655,700), capital of Poland and of Mazowieckie prov., central Poland, on both banks of the Vistula River. and Dublin the bank has an excellent basis for future growth. About Bristol Technology, Inc. Bristol Technology is a leading developer of software solutions that empower empower verb To encourage or provide a person with the means or information to become involved in solving his/her own problems corporations to capture, analyze, and profit from critical information. Bristol is headquartered in Danbury, CT and has offices in Amersfoort, The Netherlands and Bangalore, India. For additional information about Bristol Technology, visit Bristol's homepage at www.bristol.com. Copyright (c) 2001 Bristol Technology Inc. Bristol Technology is a registered trademark and TransactionVision is a trademark of Bristol Technology Inc. All other trademarks are the property of their respective owners. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion