7 Dec. 2001: Zurich Financial Services Goes for EDI/XML Conversion

Zurich Financial Services has chosen XML Global Technologies’ GoXML Transform to facilitate its XML/EDI (electronic data interchange) data transformation process.

The financial institution embarked on the project to convert its EDI-based data into an XML format to increase the efficiency of sharing data with the banks, trust companies and asset management firms with which it has critical business relationships. XML was chosen as a common and mutually understandable format.

To enable the conversion process, Zurich Financial Services chose GoXML Transform, which enables institutions to transform their data from EDI or other legacy system formats into XML and back again.

According to Tarmo Ploom of Zurich Financial Services, "We did a comprehensive evaluation of the industry's leading data transformation solutions by looking at functionality, performance, scalability and vendor responsiveness, and chose GoXML Transform to drive our data transformation needs."

Peter Shandro, chief executive officer of XML Global, says, "XML data transformation technology is critical to the growth of the financial services industry. Inefficiencies can arise when critical information is not available to everyone because it is distributed in a variety of formats across multiple legacy sources. Zurich Financial has demonstrated their understanding of this problem by choosing GoXML Transform to ensure that all participants in their IT network have speedy and efficient access to same information in the same format."