Information Technology and Business Flyer Services
A Look At Fiorano's Strategy & Business Model
Clearly, no two companies have exactly the same organization, product or infrastructure, but the efforts of information technology elites during years of practice and suffering have produced clear and aligned frameworks for the representation of IT strategy best practice.
We have now got solutions for specific industry verticals like Manufacturing, Logistics, Banking & Financial Services etc. from the integration standpoint.
Challenges Faced by CIOs & Technology Heads
- No real-time access to information across the enterprise
- Complex process of on-boarding partners and other stakeholders
- Rigid and hard-coded business processes
- Increased expenditure on maintaining multiple integrations
- Long implementation timelines for launching new products
Well-run, or mature, development strategies provide variety of process and control points and reap quality product as the benefit of their status among “mature” organizations.
At iPuzzlebiz, professional IT shift programs and Fiorano* Partner Solution Support are subject to the directorate of your IT business policy and scope of the policy exercise.
Open Banking technology
API specifications
Fiorano and Microsoft customers now have access to accelerated and easy deployment of Open Banking technology meeting global API specifications with the agility, flexibility and scale of Microsoft Azure to drive digital transformation initiatives and next generation banking.
ISO 20022
The ISO 20022 standard is becoming common language for payments data across the globe. Unfortunately, introducing ISO 20022 into traditional IT environments is not easy as it touches multiple backend systems and the rich nature of messages means maintaining data fidelity can get complex.
ISO framework
Fiorano ISO framework can accelerate the adoption through a powerful set of ISO 20022 ready adapters, connectors and tools that facilitate code-less and rapid readiness. If you would like to discuss joint Go to Market in your regions, or how to get started with the adoption process, please contact us.
The ISO 20022 Technology Adoption
- Facilitates step-up, step-down and transformation of messages, interfaces, systems and endpoints through a zero-code process design, deployment and debugging environment.
- Eliminates data truncation issues and delivers ISO capabilities and enrichment in real-time across multiple channels
Partners in the Banking and Financial Services space can leverage this to offer and bundle wrap-around consulting, advisory and implementation services to banks regionally. If you would like to discuss joint Go to Market in your regions, please contact us. We are here to answer any questions that you might have regarding this development.
Best Practices
Independent Integration Backbone (Extends across heterogeneous application platforms)
No rip-and-replace (Leverages existing IT assets and exposes them as reusable services)
Scalable Operations (Start small and grow as needed with proven and scalable infrastructure)
No steep learning curve (Leverage existing developer skill-set)
Accelerate Application Deployment (Reuse existing services to create composite applications)
Standard Based Framework (Reduce risk through freedom of choice)
Rapid App Development (Codeless nature speeds up development)
Plug-n-Play (100+ prebuilt adapters for outright connectivity)
Reduce Projects Delays (Bridge communication gaps by aligning IT with business)
SAP Integration
Simplified Implementation - Connect easily to SAP and implement flexible business processes to augment and complement existing SAP processes. Flexibility - Frees business to customize implementation as required based on business needs to use SAP's strong transactional capabilities while getting the flexibility required to rapidly change processes.
Salesforce Integration
Simplified Data Sharing - Upload or download data to/from Salesforce in batch mode or in real time. Convenient Database Connection - Conveniently connect to any database (e.g. inbound lead databases) in real time for bi-directional data synchronization. Real-time visibility and Data Update - Automatically update accounting applications and licensing portals when deals are closed, and opportunities won.
SWIFT Integration
We enable the creation of event flows to communicate with SWIFT systems, via prebuilt adapters / components shipped with the platform. The figure below illustrates how Fiorano SOA connects and communicates with SWIFT Net .
Integration projects using Fiorano Licensed Adapters
Start your integration project using an adapter component that bridges between the SAP system and Fiorano SOA™ Platform and executes the various services deployed on the SAP system.
Adapter that enables you to process IDocs (Intermediate Documents) of SAP systems and converts IDOC to XML Message.
The SAPR3 component bridges between the SAP system and Fiorano SOA™ Platform
Adapter to perform operations on SAP Business One ERP Solution.
Case Study External Link: Manufacturing - Dyckerhoff AG
An Integrated Approach for Efficient API Management
Fiorano API management has helped several organizations to reap ROI maximization and rapid development of APIs. The platform can also be effortlessly used with visual debugging capabilities, hence reducing the time to develop complex APIs significantly. The combined efforts of Fiorano’s API management and Microservices platform can transform an organization’s crude information into a set of meaningful APIs.
With its distinct expertise in API management, Fiorano has assisted several companies in attaining higher profitability, equitable growth, optimization of available resources, and easy extensibility. One of the company’s unique ideologies is their ability to adapt quickly to changing customer requirements and deliver high quality products. Besides, the internal team at Fiorano provides additional consultancy services to quickly resolve issues encountered by customers.
Fiorano is molding completely customizable developer portals based on Drupal, REST APIs to access analytics, service dependency tracking, and Big Data for analytics. Moving ahead, the company plans to create Mobile-Backend-as-a- Service (MBaaS) to provide enhanced user management, push notifications for mobile and web application developers.
Manufactures to realize the power over competing solutions for real-time process control across multiple platforms over heterogeneous protocols supported by Fiorano®
Telecommunications can take advantage to deliver millions of messages daily across complex, distributed workflows in mission-critical 24x7 environments.
Oil and energy companies can rapidly integrate disparate systems and harness silos of information in legacy systems to improve delivery of services. Oil companies can get real time information from field to office enabling critical decision making by Managers that directly impacts the bottom line.
Leading financial institutions have ability to deploy the next wave of flexible and adaptable core banking, risk management and trading solutions.
Consumer service organizations can significantly improve their net profits through streamlining of processes and connecting with trading partners.
IT development companies can now be complete their projects with half the programmers in half the time as compared to previous approaches by both open-source and commercial products
PSD2 - Open Banking with APIs
Banking has been undergoing lots of new developments with ISO 20022 transformation/adoption.
The Fiorano PSD2 Accelerator is designed to provide banks (ASPSPs in PSD2 terms) with the technology required to meet regulatory obligations, and is designed to sit along side traditional core-banking platforms, well integrated into back-office and front-office functions.
Enterprise IT considerations for banks & ASPSPs, APIs are just the tip of the iceberg!
Fiorano has 4 banking products under the BFSI vertical:
- Open Banking & PSD2
- Payments & ISO 20022
- Composable Real-Time Banking
- API-First Digital Banking
The ISO 20022 Technology Adoption
As ISO 20022 deadlines approach, banks worldwide are preparing to switch from traditional MT message standards to the new data rich ISO 20022 standard. The de facto standard for high-value payment systems of all reserve currencies, supporting 80% of global volumes and 87% of value of transactions globally, a successful migration to ISO 20022 is critical for banks and payment providers.
Solving the Migration Conundrum
Ask us why ISO 20022 Migration can be a complicated process; requiring changes at an organizational level and the challenges banks are facing along with tactical and strategic approaches to migrate successfully.
Consulting and Advisory
- Revised deadlines, current progress and current market initiatives
- Addressing common challenges
- The current solution supplier landscape
Strategic considerations in selecting the right approach and technology platform:
- Managing legacy infrastructure
- Tactical vs. Strategic approaches
- Deployment options, time and costs
- Relevance and role of emerging technology such as AI and analytics in managing the transition