Brown Brothers Harriman Launches Infomediary Solution.Business/Technology Editors BOSTON--(BUSINESS WIRE)--March 20, 2002 BBH's Integrated Communications Outsourcing Solution Offers Competitive Advantage in Back- and Middle-Office Operations for Clients Brown Brothers Harriman announced today the launch of the front-end web interface for Infomediary (INFOrmation interMEDIARY) An information provider that gathers content from several sources and functions as a data aggregator for a target audience. , its integrated communications outsourcing platform. The technology platform is designed to allow investment managers to meet the rising expectations of operations without increasing cost, grow and diversify without sacrificing quality, and achieve a sustainable competitive advantage in their back- and middle-office operations. Infomediary's robust and flexible platform lends transparency and control to investment managers' multi-bank post trade communications. In addition to providing the underlying connectivity and infrastructure, Infomediary offers a centralized view into the translation, transformation, and transmission of electronic SWIFT and non-SWIFT messages sent between an investment manager and its multiple counterparties. Kristen F. Giarrusso, Partner and Chairman of Brown Brothers Harriman Infomediary said, "Through working with our clients, we found that disparate applications and data repositories were at the heart of data communication and reporting challenges. Infomediary provides data normalization See normalization. for internal and external integration needs so that clients can access and view their data at a much lower cost. Importantly, we want our clients to be able to work with as many counterparties and applications as they need while they grow their businesses through diversification of product, client sector, and domicile domicile (dŏm`əsīl'), one's legal residence. This may or may not be the place where one actually resides at any one time. The domicile is the permanent home to which one is presumed to have the intention of returning whenever the purpose . Infomediary significantly reduces the maintenance cost of connectivity with SWIFT and non-SWIFT service providers." Unlike other outsourcing products, Infomediary enables investment managers to selectively outsource certain functions as an alternative to the full back-office "lift-out" option. The Infomediary solutions are fully customizable and enable clients to reallocate Verb 1. reallocate - allocate, distribute, or apportion anew; "Congressional seats are reapportioned on the basis of census data" reapportion allocate, apportion - distribute according to a plan or set apart for a special purpose; "I am allocating a loaf of resources to analysis instead of processing. BBH's Infomediary platform can help investment managers eliminate many costs associated with the multiple and changing requirements of industry standards and their counterparties. Infomediary provides solutions for Straight Through Processing In financial technology, the ability to process a stock transaction by computer from beginning to end without manual intervention at any of the stages. (STP STP or standard temperature and pressure, standard conditions for measurement of the properties of matter. The standard temperature is the freezing point of pure water, 0°C; or 273.15°K;. ), ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 15022, T+1, and connecting to Virtual Matching Utilities such as GSTPA GSTPA Global Straight Through Processing Association and Omgeo. By streamlining communications via a single connection and increasing their STP rates, Infomediary's tools drive immediate and significant cost reduction, creating a competitive advantage for its clients. About Infomediary Brown Brothers Harriman (BBH BBH Brown Brothers Harriman (investment bank) BBH Bartle, Bogle, Hegarty (advertising agency) BBH Bouncing Busy Hour BBH Blueback Herring (FAO fish species code) ) established Infomediary in February 2001 as a virtual alternative to traditional "lift-out" outsourcing. Infomediary's modular, flexible and scalable software solutions are designed to automate or eliminate many of the activities that are "pain points" in today's securities transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. environment. Infomediary helps its clients to manage multi-bank communications; improve Straight Through Processing (STP); connect to Virtual Matching Utilities; and aggregate data across internal and external sources. For more information visit www.bbhinfomediary.com. About BBH A global leader with 180 years of experience, Brown Brothers Harriman (BBH) helps many of the world's most sophisticated mutual funds, investment managers, banks and insurance companies achieve their international business objectives. BBH provides specialist services and innovative solutions to clients in over 100 markets for custody, accounting, administration, securities lending Securities Lending When a brokerage lends securities owned by its clients to short sellers. Notes: This allows brokers to create additional revenue (commissions) on the short sale transaction. , foreign exchange, and brokerage services. Combining entrepreneurial thinking, innovative technology, and unmatched client service, BBH is consistently ranked among the world's top global custodians and maintains a presence in each of the principal financial centers around the globe. For more information on BBH's unique integrated approach, please visit www.bbh.com. |
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