Australian Funds Manager Moves to SOA

A specialist mortgage trust manager in Australia, LM Investment Management, has completed a system upgrade that includes making the transition to service-oriented architecture (SOA).

LM’s IT manager, Ben Fisher, said the goal is to centralize all IT processes by implementing InfoComp’s Composer Business Integration Server (CBIS).

It will initially be used to generate bulk formatted documents based on XML data via InfoComp’s Composer Data Accelerator XML extraction tool.

Fisher said all e-mail messages, letters and statements will be created by CBIS.

“We will also have access to additional services that allow for manual quality control checking and automatic delivery of customized e-mails with PDF attachments,” he said.

With about A$1 billion (US$754 million) in funds under management and a financial adviser network of more than 1,000 agents domestically and abroad, LM provides first mortgage funding for prime commercial and development opportunities nationally via its main fund, the LM Mortgage Income Fund.

InfoComp Managing Director Rob DeDominicis said the demands business now places on IT providers to unlock access to crucial business logic and data can only be met by open technology that adheres to the latest industry standards.

“We are very much looking forward to rolling this technology out to all our other clients as part of our standard maintenance and upgrade program; it is an important step as we continue our migration towards a full and open J2EE technology base,” he said.

-Sandra Rossi, Computerworld Today (Australia)