Commission Payment and Systems Integration
St. James's Place is one of the largest wealth management companies in the UK, and a long standing Spark client. We developed and maintain the application that the St. James's Place Wealth Management Group uses to calculate commission payments to financial advisers. This application is also used for reporting on daily business figures. The system requires regular adjustments to keep pace with the evolving product portfolio offered by the St. James’s Place Wealth Management Group.
More recently we implemented the integration of this application with Swift, so that St. James's Place can standardise financial transactions whilst still being in full control of their commissions.
The Swift integration involved a service to pick up XML data from Swift and extract and store the data required to calculate commissions for the financial advisers. At Spark we have been working with web and Windows services for years, and our experience with finance applications meant we were well placed to develop this new interface
See: http://www.sjp.co.uk/portal/internet/