As we navigated our ways through the festive period our minds were being targeted by some of the best, and the brightest, professional influencers tha...
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Idea Group invites to speak at SWIFT hosted STP conerence
June 13, 2012
Steve Wallace was invited to speak as co-chair of the SMPG UK Corporate Pensions Working Group, and went on to explain how ViaNova was conceived as an STP solution back in 2007.
Steve said that the success and reliability of STP was mainly due to competitive businesses collaborating on standards, and agreeing together that this was a win for the whole industry. The competitive nature of STP would be restricted to application/implementation providers, and also in the quality of the service that the eventual clients received.
Steve then went on to give the audience an entertaining history of ViaNova, thanking the various parties that were involved in keeping the project fresh, and lamenting the success of market practice groups.
In his summary, Steve asked questions around what else could be achieved in this process; standards for cash, multi-manager switches, impact of new order messages.
He also reiterated that the whole industry owned the ViaNova solution, not any one of the businesses or groups, and that this was a very powerful model for future automated process.
I'm busy working on my blog posts. Watch this space!