Scotiabank has cut the time it used to take to manually report sales by 72,000 staff hours per year by automating the process with iWay, a business rules engine from Information Builders. The iWay tool enabled the bank to extract the sales data it needs from 19 disparate source systems from one data hub. The solution has so impressed Scotia that the bank plans to use the platform to power all its future retail integration projects.
Using iWay, an application integration middleware, the Toronto bank can extract only the data it needs — sales information, for example — directly from systems containing those records. The data is fed into a centralized sales hub that Scotia created using iWay. Developers generate the connections that feed the reports by simply dragging and dropping icons that link the reports to databases or files that contain the sales information, using iWay Integration Tools, a visual development kit based on Eclipse (a Java-based development environment) that allows connections and app building among multiple programming languages.
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