PFPC’s Response to Market Drivers

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The PFPC Global Enterprise Platform

(GEP) enables you to mine the rich opportunities of the financial marketplace, while managing its challenges — today and tomorrow. Click to open and close each market driver for more information.

MARKET DRIVERS/
CLIENT DEMANDS

TECHNOLOGY
IMPLICATIONS

GLOBAL ENTERPRISE
PLATFORM RESPONSE

Open, standards-based technology

•	Parameterized configuration and features
•	Reduce migration switching costs
•	Minimally invasive re-architecture (to client)
•	No lock in
•	Flexible front-end

•	Anytime, anywhere access via client systems
•	Tools for legacy evolution
•	Abstracted, standardized development paradigms
•	Outsourced development

•	J2EE development paradigm
•	Defined interface, message-based communications
•	XML, SOAP, other public standards
•	Standardized process definitions (e.g., CMM, PMLI)
•	Use of packages when appropriate

Focus on core; partner for non-core

•	Service-oriented IT and operational delivery
•	Outsource all non-differentiating services
•	Greater cost variability and bigger base
•	Reduce switching costs and enable utilities
•	Snap together/pick-and-choose functional catalog
•	Monitoring and transparency to performance
•	Reliable availability and other service levels

•	Quickly add capabilities
•	Maximize scale around core
•	Business and IT partnering
•	Adopt common standards
•	Flexible integration layer
•	Define products as unique combinations of established predefined services

•	Packaged and pre-assembled software and process
•	Shared services
•	XML and other industry standards
•	Architectural layers and components
•	Platform and media independence
•	PNC (eTech) hosting environment

Emerging concept of real-time enterprise

•	Real-time monitoring and management of service levels
•	Intra-day analytics and valuations
•	Straight-through processing, real-time account setup and support for T+1
•	Amortize total cost-of-doing-business

•	Migration away from monolithic batch processing
•	Service orientation and messaging architecture
•	Real-time process integration
•	Relational database

•	Service-oriented architecture with defined messaging interface and service level (Web services)
•	Business Activity Monitoring (BAM) framework
•	Legacy componentization
•	RDBMS

Channel integration

•	Multi-currency/offshore support
•	Enable new channel delivery quickly
•	Customize services uniquely per channel
•	Eliminate redundant change points
•	Blend solutions from multiple partners

•	Mix-and-match components and services
•	Platform and presentation independence
•	Common view of customer information and assets
•	Ability to quickly modify and reconfigure products

•	Presentation neutral: structure of the presentation is independent of content (style sheets, MVC)
•	Feature inheritance (i.e., call center to Web self-service channel)
•	Web services, messaging and portal technologies

Risk management concerns accelerate

•	Cross-enterprise asset and exposure valuation
•	Manage market and liquidation risks
•	Secure architecture and restricted access
•	Disaster recovery planning, testing and design
•	Comply with new, stricter legislation

•	Consistent data
•	Fault-tolerance and redundancy
•	Ability to manage product vulnerabilities (e.g. virus intrusions)
•	Right-time market and operational risk reporting

•	Data repository and analytics suite
•	PNC (eTech) hosting environment
•	Enterprise risk management program
•	Standardize security implementations, tools and processes
•	Components and multi-tier technology to centralize points for changes and maximize asset reuse