OMG's Model Driven Message Interoperability (MDMI) Consortium
to Host Webinar on the MDMI Standard
August 24, 2009, 11:00 a.m. EDT

Needham, MA, USA - August 11, 2009 - OMG's™ Model Driven Message Interoperability (MDMI) Consortium will be hosting a complimentary webinar on the MDMI standard on Monday, August 24, 2009 from 11:00 a.m. - 12:00 p.m. EDT. The webinar will include an opportunity for attendees to ask questions of the presenters. The MDMI Consortium provides the financial industry with the means for sharing costs of adoption via a dedicated, expert team working to provide proof of business and technical value on an aggressive schedule. To register for the webinar, please visit http://www.mdmi-consortium.org/register.

Why Attend the Webinar
Attend the MDMI webinar to learn the business problems the OMG MDMI Standard addresses, such as how MDMI can help your organization decrease the cost of message integration when having to deal with many different on-the-wire formats. Attendees will also get an executive-level overview on what the standard is and hear about what is being done to vet and prove the value of the standard. Be sure to attend to get more information on how this transformational event might help your organization reduce costs and increase efficiencies and quality of message processing.

The MDMI standard dramatically increases efficiency and reduces costs for individual banks as well as the entire banking and securities community for message processing. Industry experts view the adoption of the MDMI standard as a transformational event with substantial savings as well as dramatic improvements in the efficiency and effectiveness of the banking community.

Presenters will include:

• Richard Mark Soley, Ph.D., chairman and CEO, OMG will provide an introduction to OMG and the importance and benefits of a model driven approach for achieving interoperability.
• Aaron McPherson, Practice Director, Financial Services of IDC's Financial Insights will present an industry perspective on messaging and MDMI.
• Joe Bugaski, Co-Chair of the OMG Financial Domain Task Force, will give an overview of the MDMI Standard and the MDMI Consortium.
• Rob James, a member of HSBC Strategic Architecture Group, will provide a user view of the standard and the MDMI Consortium.

At the end of the presentations, there will be a live Q&A session. To reserve your spot in the webinar, please visit http://www.mdmi-consortium.org/register.

About MDMI
Message interoperability reduces costs, increases data quality and increases revenue. By automating interoperability between disparate systems, MDMI improves communications, helps reduce errors and provides a way to address future business changes. MDMI lets financial institutions use standardized maps provided by message format owners (including standards bodies, financial institutions and others) to correctly map information in financial message formats including ISO 20022 (UNIFI) compliant formats. Facilitating and mediating payments information across a number of message formats is a high cost obligation for financial institutions. The standard also provides a migration path to new message formats. The MDMI standard specification was submitted by FireStar Software, IBM, Informatica, IP Commerce and VISA with support from Adaptive and SWIFT, and was published at the end of 2007.

For more information about the MDMI Consortium, see http://www.omg.org/mdmi; for more information about OMG, visit http://www.omg.org/. Questions about membership in OMG or the MDMI Consortium may be directed to Ken Berk at +1-781-444 0404 or ken.berk@omg.org.

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About OMG
OMG is an international, open membership, not-for-profit computer industry consortium that in 2009 is celebrating its 20th Anniversary. OMG Task Forces develop enterprise integration standards for a wide range of technologies, including: Real-time, Embedded and Specialized Systems, Analysis & Design, Architecture-Driven Modernization and Middleware and an even wider range of industries, including: Business Modeling and Integration, C4I, Finance, Government, Green Computing, Healthcare, Insurance, Legal Compliance, Life Sciences Research, Manufacturing Technology, Robotics, Software-Based Communications 
and Space.

OMG’s modeling standards, including the Unified Modeling Language™ (UML®) and Model Driven Architecture® (MDA®), enable powerful visual design, execution and maintenance of software and other processes, including IT Systems Modeling and Business Process Management. OMG’s middleware standards and profiles are based on the Common Object Request Broker Architecture (CORBA®) and support a wide variety of industries.

More information about OMG can be found at www.omg.org.  OMG is headquartered in Needham, MA, USA.

Note to editors: MDA, Model Driven Architecture, OMG Logo, XMI, UML, UML logo and CORBA are registered trademarks, and OMG, Object Management Group, Business Ecology, Actionable Architecture, SOA Consortium, SysML, SoaML, MOF, MDA Logos, BPMN, OCRES, OCUP, OCEB, Green Computing Maturity Model, GCMM, Unified Modeling Language and "We Set the Standard" tagline are trademarks of Object Management Group. All other trademarks are the property of their respective owners.

Edited by Stephanie