UK-based information solutions vendor Microgen has announced the launch of a new reconciliations product for identifying data mismatches between front, middle and back office systems at financial sector firms.
The Microgen Reconciliations package is one of the first products to arise from the merger of the company's former OST and Kaisha operating divisions. The newly-created division has significant presence in the financial services sector enabling the application of user-defined business rules to integrate front, middle and back office systems
The product has been developed to process high volumes of complex data in environments where the need for operational and financial control is paramount. Microgen says the package will enable organisations to replace manual processes and legacy systems that lack the scalability needed to meet changing regulations.
David Sherriff, group managing director, Microgen, says the issues of data quality and information integration are central to Microgen's business and therefore the formal progression into providing a generic reconciliations product was an obvious step. "We have built a robust, scaleable solution capable of handling the reconciliation volumes and complexities of major organisations," he adds.
The package will be commercially available from April 2003 on Sun Solaris, HP-UX, IBM AIX, Linux and Windows NT platforms utlising Oracle, IBM DB2, MS SQL Server or Sybase databases.