Hudson Fintech has teamed up with 1066NOW, an Oracle Partner, to make the Hudson Edge platform available to financial institutions using Oracle’s suite of products. Under the strategic partnership, 1066NOW’s Banking Integration Application (BIA) will enable easy and quick adoption of the Hudson Edge platform for Financial Markets’ institutions across a wide range of use cases and applications.
The Edge platform resolves the issues faced by financial institutions when seeking flexibility, product enhancements, lower costs, faster deployment cycles and independence from fixed data models.
“It was always our vision to extend the Hudson Edge platform to encompass a wider set of solutions outside our core products in the areas of repo and alternative asset management. A recent example was the launch of the Hudson Trade Hospital for post trade optimization,” said Michael Walliss, CEO of Hudson Fintech, in a statement.
Hudson uses Entity Components System (ECS), an advanced system architecture supporting a flexible data model and independent workflows, which allows for the adding and upgrading of functionality without impacting the existing code base. This means it requires minimal testing, while always adhering to coding best practices. Also, software is expected to be extendable, easy to maintain, and cost-effective for years than evolving into a costly and unmanageable problem.
1066NOW BIA is an integration and enablement solution that utilizes Oracle Middleware technology for integration, performance and availability to provide the most robust and respondent capabilities needed for financial systems and applications. This approach provides economies of scale to reduce cost across the enterprise and provide global support structure, and can be implemented on-premise or in the cloud whether public, private, or hybrid.