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Royal Bank of Canada Selects Vitria for Workflow Management

1 November 2003
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Royal Bank of Canada will use Vitria’s BusinessWare business process management suite as its global standard for straight-through-processing (STP) messaging. The bank’s RBC Investments wealth management unit will use BusinessWare to enable end-to-end transaction processing for broker/dealers, asset managers and custodians. Phase I of the project involves linking Royalblue’s Fidessa order management front-end to the ADP back-office and clearing systems used by the bank.

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The current financial crisis has highlighted that financial institutions do not have a sufficient handle on their data and has prompted many of these institutions to re-evaluate their approaches to data management. Moreover, the increased regulatory scrutiny of the financial services community during the past year has meant that data management has become a key...

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