Case Study: Multinational Financial Services Company reduces FX payment time and improves conversion accuracy with Xtivia's scalable FX Payments portal

Multinational Financial Services Company - Customer Case Study

XTIVIA was engaged by a multinational financial services conglomerate operating in 56 countries to modernize its decade-old web application used by Treasury to initiate and execute Foreign Exchange (FX) payment trade requests. The legacy system lacked integrated services, supported limited financial instruments, lacked standardized entity models, could not handle roughly 80% of current trade scenarios, and generated frequent FX conversion issues and unclear SLAs.

XTIVIA implemented a robust, scalable integrated portal (leveraging technologies such as the XTIVIA Workflow Framework, SOA, BPM, ESB and CEP) that integrates with other treasury systems, supports industry messaging and complex data structures, and provides configurable controls and flexible deployment options. As a result, XTIVIA reduced time and effort on FX payment transactions, increased FX conversion accuracy, resolved key process pain points, and delivered a flexible, extensible application with a richer user experience and seamless treasury integration.