Fiserv Wealth Management Network vs. RabbitMQ

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Fiserv Wealth Management Network
Score 8.0 out of 10
N/A
The Wealth Management Network from Fiserv is an expansive networks of managed account data and connectivity. It brings together asset managers and sponsors to perform all necessary business functions to support the industry. The Network includes messaging services, information exchange, and managed account data services.N/A
RabbitMQ
Score 8.4 out of 10
N/A
RabbitMQ, an open source message broker, is part of Pivotal Software, a VMware company acquired in 2019, and supports message queue, multiple messaging protocols, and more. RabbitMQ is available open source, however VMware also offers a range of commercial services for RabbitMQ; these are available as part of the Pivotal App Suite.N/A
Pricing
Fiserv Wealth Management NetworkRabbitMQ
Editions & Modules
No answers on this topic
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Offerings
Pricing Offerings
Fiserv Wealth Management NetworkRabbitMQ
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Best Alternatives
Fiserv Wealth Management NetworkRabbitMQ
Small Businesses

No answers on this topic

No answers on this topic

Medium-sized Companies
Anypoint Platform
Anypoint Platform
Score 8.1 out of 10
Apache Kafka
Apache Kafka
Score 8.4 out of 10
Enterprises
TIBCO B2B Integration Solution
TIBCO B2B Integration Solution
Score 8.5 out of 10
Apache Kafka
Apache Kafka
Score 8.4 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Fiserv Wealth Management NetworkRabbitMQ
Likelihood to Recommend
8.0
(2 ratings)
9.5
(11 ratings)
Usability
-
(0 ratings)
8.0
(1 ratings)
Support Rating
-
(0 ratings)
6.5
(4 ratings)
User Testimonials
Fiserv Wealth Management NetworkRabbitMQ
Likelihood to Recommend
Fiserv
Fiserv Wealth Management Network is well suited in scenarios where an organization has multiple financial services providers and would like the benefit of tying that all together and managing it from a single, unified solution. The benefit there is increased efficiency and productivity, especially when compared to the manual alternative of having managers log in to separate sponsor platforms.
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Open Source
It is highly recommended that if you have microservices architecture and if you want to solve 2 phase commit issue, you should use RabbitMQ for communication between microservices. It is a quick and reliable mode of communication between microservices. It is also helpful if you want to implement a job and worker mechanism. You can push the jobs into RabbitMQ and that will be sent to the consumer. It is highly reliable so you won't miss any jobs and you can also implement a retry of jobs with the dead letter queue feature. It will be also helpful in time-consuming API. You can put time-consuming items into a queue so they will be processed later and your API will be quick.
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Pros
Fiserv
  • R&D is fantastic as they have the resources
  • Online resources to help figure things out
  • Easy to navigate
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Open Source
  • What RabbitMQ does well is what it's advertised to do. It is good at providing lots of high volume, high availability queue. We've seen it handle upwards of 10 million messages in its queues, spread out over 200 queues before its publish/consume rates dipped. So yeah, it can definitely handle a lot of messages and a lot of queues. Depending on the size of the machine RabbitMQ is running on, I'm sure it can handle more.
  • Decent number of plugins! Want a plugin that gives you an interface to view all the queues and see their publish/consume rates? Yes, there's one for that. Want a plugin to "shovel" messages from one queue to another in an emergency? Check. Want a plugin that does extra logging for all the messages received? Got you covered!
  • Lots of configuration possibilities. We've tuned over 100 settings over the past year to get the performance and reliability just right. This could be a downside though--it's pretty confusing and some settings were hard to understand.
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Cons
Fiserv
  • Cost ... it's definitely not the cheapest option out there. the way pricing is itemized and a separate upcharge for each add-on gets annoying. They can probably bundle things a little better and offer a discount on the bundled products
  • the volume of system updates and changes is nauseating at times and we have to prepare and test accordingly every time there is a scheduled update. that takes up a lot of resources; quarterly updates to products would be much easier.
  • more responsive support and ideally more stable support engineers ... it seems like turnover is high in their support roles and that impacts customer success and MTTR.
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Open Source
  • It breaks communication if we don't acknowledge early. In some cases our work items are time consuming that will take a time and in that scenario we are getting errors that RabbitMQ broke the channel. It will be good if RabbitMQ provides two acknowledgements, one is for that it has been received at client side and second ack is client is completed the processing part.
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Usability
Fiserv
No answers on this topic
Open Source
RabbitMQ is very usable if you are a programmer or DevOps engineer. You can setup and configure a messaging system without any programmatic knowledge either through an admin console plugin or through a command-line interface. It's very easy to spin up additional consumers when volume is heavy and it's very easy to manage those consumers either through automated scripting or through their admin console. Because it's language agnostic it integrates with any system supporting AMQP.
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Support Rating
Fiserv
No answers on this topic
Open Source
RabbitMQ is more software than service so there's no real customer service to speak of unless you go with a provider such as CloudAMQP. So I'll just speak on CloudAMQP. Their customer support is only okay: they only do it over email. They frequently gloss over our support tickets and half answer them without delving deeply or investigating our issues. Their response times are pretty reasonable though.
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Alternatives Considered
Fiserv
Far superior in my opinion. More features, easier to navigate and superior customer service
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Open Source
RabbitMQ has a few advantages over Azure Service Bus 1) RMQ handles substantially larger files - ASB tops out at 100MB, we use RabbitMQfor files over 200MB 2) RabbitMQ can be easily setup on prem - Azure Service Bus is cloud only 3) RabbitMQ exchanges are easier to configure over ASB subscriptions ASB has a few advantages too 1) Cloud based - just a few mouse clicks and you're up and running
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Return on Investment
Fiserv
  • Speed of service is greatly improved across partners. I believe our MTTR for service requests has improved by 30-40%
  • Standardized platform for our staff which translates to better retention and a lower training effort.
  • Cost is the negative impact ... it goes without saying that using Fiserv is much more expensive to the manual alternative which is very human resource intensive but low cost. But that's to be expected ...we're just trading time for money.
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Open Source
  • Earlier we had a problem with missing work items with our own implementation but later using RabbitMQ is solved a problem. Now our job processing mechanism is highly reliable.
  • We also had a problem with scaling, processing 1k work items per second. RabbitMQ helped us to scale well with increasing work items.
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