Category Archives: B2B Data Exchange
Lenders – Are You Ready For The September 1, 2011 Uniform Loan Delivery Data Deadline?
What are you doing to prepare?
“All loans, without exception, must use the MISMO-based loan delivery data requirements on or after September 1, 2011.” Where is this coming from? The Federal Housing Finance Agency (FHFA) is mandating a joint uniform loan delivery data (ULDD) standard for single-family loans using MISMO 3. According to FreddieMac, these MISMO based loan delivery requirements “…represent a significant change from our current loan delivery data requirements …”
Stated benefits of this new delivery format include:
- Strengthening risk management capabilities.
- Improving transparency and confidence in the loan decision by using the same root data in our processes that lenders use in their processes
- Improving data accuracy and confidence in loan quality.
- Supporting greater data consistency while maintaining each GSE’s ability to independently set credit and pricing policies and business terms. (more…)
What Percentage Of Your Transactions Are Processed Straight Through?
The Aite Group recently surveyed senior treasury and receivables management at 80 top US corporations. About half of the transactions at these firms were processed straight through. As a result, there remains a lot of opportunity to reduce costs and mitigate risk by increasing straight-through-processing (STP) of transactions. In addition, banks can help their corporate clients get better information about their payments and posting. For example, Treasury managers need to know where they can invest excess cash and where their funds are throughout the organizations to borrow internal cash.
At SIBOS 2010 (October 25-29 in Amsterdam), Informatica will discuss how the Informatica SWIFT Integration solution enables your customers to achieve true STP and get better information about their payments. This is especially critical given all the new regulation and industry changes that have been reflected in the latest SWIFT standard. With Informatica’s 2010 SWIFT certified solution, organizations can: (more…)
Why Should You Support Financial Standards?
Why should you support financial standards? And what can you gain?
Market instability is forcing institutions to take a deeper look at their infrastructure for ways to improve efficiency. As a result, the leading institutions have come to the conclusion they need to adopt financial standards. As Andy Schmidt (Tower Group) discussed in a previous blog, many institutions today have extensive mapping and development processes as a result of siloed business approach. Legacy systems are forced to perform new functions they were not originally designed to support. And each system and dependent system needs to be fully tested whenever changes need to be made. Following a financial standard reduces the complexity and cost. But financial standards also change—so having a flexible infrastructure to support these standards is critical. (more…)
Why Did Informatica Acquire 29West?
Today Informatica completed the acquisition of 29West. I am sure that many of you will have read the press release (here). However, I wanted to give you my personal view on why this is important and how it will help you, our customers, gain more value from your data.
Our rationale starts by looking at how the world has changed in the last 10 years. The internet and improved communications have made the world so much smaller and everything seems to be happening at an accelerated pace. I remember a day many years ago when computers were seen as a way of doing our jobs more quickly and we would have more down-time to enjoy our lives. Oh how naive we were! (more…)
Tell Me All About The Informatica Marketplace
I am very fortunate to have a CIO role that extends beyond the traditional responsibilities of IT. Part of my role includes the strategy and implementation of the recently launched Informatica Marketplace.
The Informatica Marketplace has generated a lot of buzz with our customers and partners. Last week while I was presenting at the Pacific Crest Annual Cloud Computing Conference I heard the excitement about our new offering from many of the attendees. Mostly, people appreciated our continued thought leadership and commitment to providing an open platform to host solutions for data integration, data quality and data management. And yes, it is an open platform to host solutions that not only support Informatica, but other vendors too – even competitors. Our fundamental belief is that the hand of free enterprise will ultimately win, so we are willing to provide an open platform to do so.
Here are a few questions I’ve heard and answered over the last few weeks: (more…)
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