XML Management11 June 2015

Challenges of XML Management

Jaakko Kantonen

Starting point

Three main challenges of XML management

Communication with stakeholders

Managing (defragmented) XML knowledge

Increasing complexity of XML

Why communication is essential?

Discontinuity point. Risk:- Misunderstanding- Bad customer experience - More errors- Maintenance challenges

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BANKCORPORATECUSTOMER

Validator demoJuha Hakomäki

Link to video

Increasing complexity - looking beyond schema

Each different transaction type has lots of business rules:

Additional restrictions• Codes, character sets, field lengths . . .

Check sums• Number of transactions, IBAN, reference, control

sum . . .

Dependences • IBAN<> BIC, Country code<>IBAN,

if then else, . . .

And so on

Increasing complexity

Example credit transfer

ISO20022 includes around 40 business rules

CGI-MP includes around 80 business rule

Bank’s general business rules around 30-50

Transaction specific rules 5-20

80 % of problems and workload are business rules related

Communication challenges with stakeholders

Long value chain

Stakeholders requirements varies

Different versions and even standards

• Product Development• IT department • Onboarding teams • Customer Support

• Bank’s customers and their IT teams• Software vendors• Implementation consultants

Core BankingSystem

Bank'sAssets

XMLManagement

-Versions-Services

Bank Corporate Customers

Corporate’sFinancial

Accountingand Trading

Systems

IT Teams ofSoftware Vendors andCorporates

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XML Management

is framework for

managing specifications of XML transactions and

definitions of processes based on XML messages

XMLdation’s solution

myXML DEMOJuha Hakomäki

Link to video

Easy to use

Reusable public rule libraries• ISO20022, CGI-MP, EPC, Country

Level etc.• Reusable user specific libraries

Automatic documentation

Integration with validator

Efficiency of OCL is proofed

myXML creates real additional value on top of schema

All in XML management

Test file generation

With myXML Test File generator user can creates hundreds of erroneous or correct test file

Join to our next webinar June 23 to learn more this unique solution

• Registration via XMLdation webpages

XMLdation

XMLdation - Services Portfolio

Full end-to-end integration testing service, simulating the bank’s or clearing’s responses to corporates or banks.

Helps in setting up Straight Through Processing and Reconciliation.

Leading XML Validator® for payments, e-Invoices and other financial messages via web browser or API.

Validation is based on bank specific business rules and gives immediate response to the user.

XML Management platform for centralized maintenance, version management and distribution of business rules.

Automated test file generation, documentation and life cycle management.

Consulting for XML development and management projects in financial domain. Project focus on ISO and CGI-MP compliance.

Enabling services for customers’ needs by utilizing XMLdation tools.

Company Factsheet

Finnish company

Established in 2009

Offices in Espoo and Tampere, Finland

Representation in Brussels, Belgium, and in Hamburg, Germany

Bank customers in more than 10 European countries

Users of XMLdation services in more than 50 countries

Customers and Partners

Increasing complexity-it is not only payments

Thank YouQ&A