Back in March 2006 I had the pleasure of blogging about the great job that Decillion (a local Australian Partner) did on their BizTalk / SWIFT Accelerator implementation at BNP Paribas here in Australia. Well it appears they have done it again – this time with Cuscal! Congratulations guys! Check out the details below.
Decillion SWIFT Payments Solution Goes Live
Cuscal, the leading wholesale financial services provider in Australia and Decillion Solutions Australia, have today announced the successful implementation of a SWIFT RTGS payments system developed by Decillion based on Microsoft BizTalk Server 2004. Cuscal processes in excess of $13 billion worth of RTGS payments per annum representing more than 90,000 transactions.
31st January 2007 – Decillion Solutions Australia and Cuscal have today jointly announced the successful implementation of a new SWIFT RTGS payments system. The system, developed by Decillion using Microsoft BizTalk 2004 Server and the Microsoft BizTalk Accelerator for SWIFT 2.1, has been in live operation since early November. It enables Cuscal’s clients to create and manage SWIFT RTGS payments via a highly secure internet based portal. With annual transaction volumes in excess of $13 billion the system is critical to the Cuscal’s service offering.
When the need to replace Cuscal’s previous SWIFT RTGS payment solution was identified, a rigorous vendor selection process was undertaken. “Being a mission critical system, mitigation of risk was an important factor in vendor selection” says Oliver Hudson, Cuscal’s Head of Financial Markets and Treasury. “There were two key elements in this area that marked Decillion out. One was the domain knowledge and previous experience of Decillion both in SWIFT and Microsoft BizTalk. We were confident that Decillion could leverage their partnerships with both SWIFT and Microsoft to overcome any issues faced during the development. Secondly, the Microsoft BizTalk Accelerator for SWIFT has been gold certified by SWIFT assuring us of compliance with the complex SWIFT standards both now and in the future.”
The use of Microsoft BizTalk was another important factor in the decision. “Cuscal is a very customer focused organization with a reputation of innovation in financial products and services” says John Carroll, Head of Operations. “Having made a significant investment in technology, we wanted to ensure that we were empowering ourselves to bring new products to market quickly. The flexibility and scalability of BizTalk, coupled with the fact that the Microsoft BizTalk Accelerator for SWIFT supports all SWIFT FIN messages, will provide the basis for the ongoing evolution and enhancement of our service offering.”
Decillion employs a client driven design process, with a focus on platforms not products, to enable the development of highly customized solutions tailored to the specific business process of their clients. In the case of Cuscal, it was critical that the project went live before the annual change in SWIFT message standards which the old system was unable to process. With less than 6 months from project initiation to go-live, project management was critical to the success of the initiative. Anthony Saber, Cuscal Project Manger, in reviewing the project commented that “the commitment shown by Decillion staff to delivery of the project was outstanding. Moreover, in large complex projects such as
this, the integration of teams is a critical component to the success of the project. I was particularly impressed with the ability of the Decillion staff to integrate into our working environment and work together with us as one team.”
About Decillion Solutions
Decillion Solutions Australia – based in Sydney, is part of the Decillion Solutions Group, headquartered in Singapore with offices in Kuala Lumpur, Bangkok, Jakarta and Shanghai. Specialising in a range of services for the finance industry, Decillion offers a product portfolio providing solutions for SWIFT, financial messaging, integration and automation, and Anti Money Laundering. Decillion Solutions Australia will customise solutions to assist you to achieve your organisations
business and technical goals. In conjunction with our product offerings, Decillion also provide implementation, support and training, through our trained and experienced staff. Decillion Solutions is a Business Partner and Service Partner for SWIFT. For more information, visit www.decillion.com.au or contact James Bibby, Regional Sales Director, Decillion Solutions Australia +61 2 9929 0655
Cuscal is Australia’s leading wholesale provider of transactional banking, liquidity and capital management products and services to over 150 specialist financial service retailers including the majority of Australia’s credit unions. Cuscal’s clients manage more than $30 billion worth of assets. A key strength of Cuscal’s operating model is aggregation through its collective buying power on behalf of clients. In addition, Cuscal’s partnerships with other suppliers enables it to offer clients access to the Australian capital markets, payment systems, card schemes and inter-institutional
settlement arrangements. Clients are also able to leverage from Cuscal’s credentials as an approved deposit taking institution, AA- S&P credit ratings, principal membership of both Visa and MasterCard card schemes, and
membership of the Australian Payments Clearing Association (APCA). For more information, visit www.cuscal.com.au or contact Simon Covill, Corporate Communications Manager, Cuscal, +61 2 8299 9114.