Dans le but de faciliter l’intégration des produits NetGuardians aux grandes plateformes du domaine bancaire, Crossing Tech et Netguardians ont signé un accord de coopération, pour intégrer la technologie développée par NetGuardians à la plateforme de communication de Crossing Tech.

Crossing Tech dont l’équipe  R&D est basée au Parc scientifique de l’EPFL, est spécialisé dans le développement et l’implémentation de solutions bancaires.

NetGuardians, jeune start-up romande est connue pour ses applications de traçabilité informatique. Elle considère que les récentes problématiques de vol des données sensibles dans les banques représentent une belle opportunité commerciale.
« En fait, la situation est plus préoccupante, explique Joël Winteregg, CEO de NetGuardians. Aucune des solutions de traçabilité du marché, en l’état de nos connaissances et de nos multiples contacts avec les spécialistes de la sécurité du monde bancaire, ne s’adapte aujourd’hui facilement aux plateformes IT majoritairement employées par les banques. »
On verra s’il arrive à convaincre ces dernières…

“We are very proud to join the Scientific Park. This environment opens new perspectives to Crossing-Tech” said James Nauffray, CEO of Crossing-Tech. “Our engineers now work in the same building as Scala team. Scala is the ground-breaking development language used to develop the Connectivity Factory. Teams can develop hand-in-hand and thus accelerate development and overall quality and performance.”

The Science Park on campus is home to more than 100 enterprises and numerous investors. The environment at EPFL is one of exchange and interaction. EPFL campus counts approximately 10,000 students. With 125 nationalities represented and more than 50% of professors coming from abroad, the School is one of the world’s most cosmopolitan universities.

“From a business standpoint, we will all benefit from the amazing potential of EPFL.” James Nauffray added. “This is a tremendous opportunity for the coming months, when Crossing-Tech will have to sustain strong growth.”

 CROSSING-TECH, Media Contact
Véronique Spreter, Crossing-Tech
Phone: +41 (0) 22 747 78 91 / Email: veronique.spreter [at] crossing-tech.com

Crossing-Tech today announced that they have been selected to participate to the Cloud & ICT 2.0 Summit. The European Tech Tour Association is launching its newest vertical event with its inaugural Cloud & ICT 2.0 Summit, the Catalyst of the Cloud Computing Industry in Europe. Its focus is on celebrating entrepreneurship and innovation in Europe and on raising global awareness for the top 25+ European start-up companies in the cloud computing field that are making their mark in the industry.

The Cloud & ICT 2.0 Summit will be held on November 17-18, 2010 in Lausanne and Geneva, Switzerland.

Crossing-Tech has been distinguished as one of the top-four most promising technologies and will pitch at opening dinner, on the 17^th of November, in front of more than 250 high-tech executive and investors.

“This is a unique opportunity for us” James Nauffray said. “We just move our Software Division to EPFL that same week. 2010 year end brings many opportunities to our company. The Tech Tour is one of these key opportunities where financial, business and technology partners will discover our ground-breaking technology and may join and accelerate our growth.”

About CROSSING-TECH
CROSSING-TECH is a leader in business integration for financial institutions. It’s Connectivity Factory delivers true interoperability – combining standard connectors to financial and back office applications, proprietary and legacy systems, transaction protocols and web services – to integrate applications smoothly in weeks – not years.  CROSSING-TECH is a privately held company, which was created in 2003. CROSSING-TECH 20 years+ experiences team has proven track records with multinationals as well as domestic organizations. Operations cover Europe, Asia, Middle East and Africa.

CROSSING-TECH, Media Contact
Véronique Spreter, Crossing-Tech
Phone: +41 (0) 22 747 78 91 / Email: veronique.spreter [at] crossing-tech.com

Summary : Participation in new industry organization will create opportunities to collaborate with other technology providers supporting the Network Economy and better serve customers with solutions based on Network Intelligence technology.

In today’s Network Economy—a world that now depends and runs on networks—accurate visibility and precise tracking of data crossing networks have become crucial to the availability, performance and security of applications and services. The growing complexity of IP transactions, the explosion of mobile applications, and the mainstream adoption of cloud computing surpass the capabilities of conventional tools to improve how networks operate, expand services and police illicit or criminal activity.  Just like Business Intelligence solutions emerged to unlock information hidden in the enterprise, Network Intelligence technology is an emerging category of technology to reveal the critical details of the data locked inside network traffic and transactions.

The NI Alliance serves two purposes: first, as a forum for collaboration among technology providers whose solutions secure data in transit, ensure efficient data delivery, monetize data transactions or track real-time information.  Through the NI Alliance, members can better serve their customers.

The NI Alliance also seeks to educate the market and the public on the role and value of Network Intelligence in protecting sensitive information; delivering value-added services, applications and information; and ensuring better performance of network-dependent solutions.

CROSSING-TECH includes Network Intelligence within its Connectivity Factory.

CROSSING-TECH Connectivity Factory offers a faster, more flexible and cost-effective solution to streamline IT projects and synchronize them with business requirements and regulations. Designed specifically for banks and financial institutions, Connectivity Factory was developed to solve the critical problem of data inconsistency among incompatible systems.

Connectivity Factory delivers true interoperability – combining standard connectors to financial and back office applications, proprietary and legacy systems, transaction protocols and web services – to integrate applications smoothly in weeks – not years. Connectivity Factory also delivers unique capability to implement cloud-to-enterprise and cloud-to-cloud in an integrated and secure way.

Connectivity Factory uses an “out of the box” approach to address the urgency of IT affordability and speed in the banking industry. Financial institutions typically run on dozens of different systems and applications, many based on different technologies and some in place for the past 20 years. Integration represents, on average, 50 to 70% out of projects’ effort and budget, requiring highly skilled resources and increasing the overall cost and complexity of development.

Connectivity Factory automates the majority of data integration work, using standards-based components that collapse project time, simplify ongoing changes and lower development and maintenance costs.

CROSSING-TECH is a valuable addition to the NI Alliance and we welcome their participation,” said Erik Larsson, Chairman of the NI Alliance. “By joining the NI Alliance, CROSSING-TECH increases its commitment to customers with greater capabilities to identify, develop and support innovative, more comprehensive solutions based on Network Intelligence.”

Establishment of the NI Alliance was initiated by Qosmos, whose Network Intelligence technology components provide the crucial first step in understanding what’s passing through networks. Qosmos’ hardware and software components extract and interpret real-time traffic—translating a data stream’s 1s and 0s into their respective communications protocols, metadata and content for use by third-party applications.

Through the NI Alliance, Qosmos expands its collaborative approach to help vendors design and deliver advanced solutions with embedded Network Intelligence technology in less time and at lower cost.  The NI Alliance provides a channel for dialogue and partnerships that Alliance Members otherwise may not have considered or pursued when addressing the needs of joint customers. Visibility within the vendor community through the NI Alliance affords companies opportunities to market more comprehensive solutions with greater ROI and faster time to value for customers.

About the NI Alliance
The NI Alliance is an industry organization created for collaboration among the Network Economy’s technology providers and to educate the market on the role and value of Network Intelligence technology. Members are vendors involved in the capture, processing, decoding, analysis, and leveraging of network data; suppliers of Network Intelligence technology components; software vendors; and information providers of solutions, such as cyber security, financial transaction tracking, lawful interception, service assurance, traffic optimization and Web market research. Participation in the NI Alliance helps members to build and market innovative solutions to Communications Service Providers (CSPs) governments and enterprise customers seeking to improve performance, security and the monetization of network-dependent services and applications.

For more information, please visit www.nialliance.org 

About CROSSING-TECH
CROSSING-TECH is a leader in business integration for financial institutions. It’s Connectivity Factory delivers true interoperability – combining standard connectors to financial and back office applications, proprietary and legacy systems, transaction protocols and web services – to integrate applications smoothly in weeks – not years.  CROSSING-TECH is a privately held company, which was created in 2003. CROSSING-TECH 20 years+ experiences team has proven track records with multinationals as well as domestic organizations. Operations cover Europe, Asia, Middle East and Africa.

CROSSING-TECH, Media Contact
Véronique Spreter, Crossing-Tech
Phone: +41 (0) 22 747 78 91 / Email: veronique.spreter [at] crossing-tech.com

NI Alliance Contact
Erik Larsson, Qosmos, Chairman of the NI Alliance
Phone: +33 (1) 78 09 14 58 / Email: erik.larsson [at] qosmos.com

Crossing-Tech today announced the availability of a live demonstration that calculates financial transactions response time from end to end. Financial transactions usually cross numerous systems inside and outside the Bank environment before they get completed. Up to now, response times were calculated in every single system, making it very difficult to get the performance level from a global perspective.
Coming from the banking financial environment and the telecommunication real time environment, Crossing-Tech and Qosmos joined their efforts to develop a middleware technology able to trace transactions across different systems and deliver global performance visibility. Large international banks already showed their interest for this solution and currently run pilots.

Willing to expand their solution, Crossing Tech and Qosmos now provide a real environment demonstration environment to show technology to future customers.

If you are interested in viewing the demonstration, please contact Veronique SPRETER +41 (0) 22 747 78 91

About Crossing-Tech

Due to an in-depth knowledge of all banking and financial professions and a proven track record with multinationals as well as domestic organizations, Crossing-Tech builds the indispensable bridge between your operational strategy and installed or available IT resources, today and tomorrow, making possible a business-driven integration intelligence on top of all specifics. Crossing-Tech is a privately held company, which was created in 2003. Its 20 years+ experienced team has proven track records in more than 20 countries, where they serve more than 25 customers. Operations cover Europe, Asia, Middle East and Africa.

About Qosmos

Qosmos provides software and hardware platforms that identify and extract information traveling over networks in real time with unparalleled precision and depth, enabling more precise, secure and intelligent applications and services. Qosmos Network Intelligence technology is used by Network Equipment Providers, Software Vendors and Systems Integrators serving the government, telecom and enterprise markets, to enhance a wide range of applications such as lawful interception, cyber security, data retention, content billing, service optimization and market research. For more information, go to www.qosmos.com.

Crossing-Tech

Genève | Hong Kong | Dubaï | Casablanca

Press Relations : Véronique SPRETER | veronique.spreter [at] crossing-tech.com | +41 (0) 22 747 78 91

The customer, an investment bank develops an aggressive strategy of acquisition to extend their worldwide activities. Three different banks have been acquired in the past two years. Each banks has its own subscription to financial information flows: globa Bloomberg, Reuters… and local providers. Information consistency is not satisfactory.

Benefits

50% savings on subscriptions

Information quality improvement

Long term maintenace and evolution

Scala is a programming language that smoothly integrates features of object-oriented and functional programming, enabling Java and other programmers to be more productive. Moreover Scala is multicore ready and perfectly adapted to parallel programming. Last but not least code sizes are typically reduced by a factor of two to three when compared to an equivalent Java application.

Scala plays an important part for connectivityfactory™ development and deployment.

Scala accelerates development

Scala, combined with CROSSINGTECH agile development methodology, accelerates bespoke connectors production:

• Development timeframes are dramatically shortened compared to a regular development environment
• Code quality is improved, as Scala detects much more errors while compiling

Scala improves overall performances

What specifically makes Scala so appealing to CROSSING TECH is its ability to efficiently handle concurrent processing. This is key to handle high volumes of composite transactions in real time (milli seconds).

Scala simplifies maintenance

Thanks to its structure, Scala enables developers to remain close to the business logic and avoid various meta blocks. The result is a clear structured code which is easy to maintain. Bespoke connectors benefit from this optimized maintenance.

Scala is “universal”

Scala interoperates with Java and .Net

Existing Java code and programmer skills are fully re-usable. Scala programs run on the Java VM, are byte code compatible with Java so you can make full use of existing Java libraries or existing application code. You can call Scala from Java and you can call Java from Scala, the integration is seamless. Moreover, you will be at home with familiar development tools, Eclipse, NetBeans or Intellij for example, all of which support Scala.

The 12th « Journée des Solutions Bancaires » (Banking Solutions Day) will take place in Geneva on the 20th of May. Crossing Tech will exhibit on booth #32 and unveil the version 2.0 of the Connectivity Factory™.

For a personalized demonstration, contact us : Veronique SPRETER +41 (0) 22 747 78 91

Connectivity Factory™ delivers true interoperability to integrate banking IT systems and applications smoothly in weeks—not years—reducing the time and expense for effective business transformations.

Geneva, May 10^th, 2010 – Crossing-Tech today announced the launch of version 2.0 of its Connectivity Factory™, a breakthrough in banking IT systems integration technologies featuring a full set of services, connectors, templates and tools to streamline IT projects and synchronize systems with business requirements and regulations. Designed specifically for banks and financial institutions, Connectivity Factory™ solves the critical problems of data inconsistency among incompatible systems and tedious, expensive integration development tasks.

“Integration represents, on average, 50 to 70% of a project’s’ effort and budget, requiring highly skilled resources and increasing overall cost and time to complete. Our approach with Connectivity Factory™ is business integration intelligence that automates the largest part of this integration work,” says James Nauffray, CEO of Crossing-Tech. “For example, Connectivity Factory™ enabled one of our customers, an investment bank in the Middle East, to integrate their new e-trading application on a T24 back-office-centric system within less than 3 months.”

Connectivity Factory™ delivers true interoperability to integrate applications smoothly in weeks – not years. Its flexible architecture allows step by step deployment and quick wins, where other technologies require an all-in-one approach with high risk put on budget and schedule.

Core technology innovations include:

- Standard Connectors for banking applications (Back Office, Trading, Payment, etc.), protocols (SWIFT, FIX, etc.) and standard technologies

- Tools and Templates to quickly produce additional custom connectors for specific applications, including proprietary applications developed in-house

The solution is 100% open and Java-compliant. It does not require IT specialists or specific certification. Connectivity Factory™ can be partially or fully deployed in a cloud model and allows mixed architectures. Customers can extend Connectivity Factory™ independently to new applications and systems.

Connectivity Factory™ is based on Scala which is a programming language that smoothly integrates features of object-oriented and functional programming, enabling java and other programmers to be productive. Scala is multicore ready and perfectly adapted to parallel programming. Code sizes are typically reduced by a factor of two or three when compared to an equivalent java application. Demanding applications such as trading or messaging takes advantage of Scala.

Now in Beta-testing among several customers, Connectivity Factory™ will be commercially available in September 2010.

About Crossing-Tech

Due to an in-depth knowledge of all banking and financial professions and a proven track record with multinationals as well as domestic organizations, Crossing-Tech builds the indispensable bridge between your operational strategy and installed or available IT resources, today and tomorrow, making possible a business-driven integration intelligence on top of all specifics. Crossing-Tech is a privately held company created in 2003. Its 20 years+ experiences team has proven track records in more than 20 countries, where they serve more than 25 customers. Operations cover Europe, Asia, Middle East and Africa. For more information, visit : www.crossing-tech.com

Crossing-Tech

Geneva | Hong Kong | Dubai | Casablanca

Press Relations: Véronique SPRETER | veronique.spreter@crossing-tech.com | +41 22 747 78 91