Misys Signs Software Licensing Deal to Help Banks Optimise
Business
Misys Signs Software Licensing Deal to Help Banks
Optimise Business Processes
27 January 2012 - Misys plc (FTSE: MSY.L),
the global application software and services company,
announces it has selected IBM software to help power its
BankFusion platform and help banks develop new processes or
adapt existing processes more rapidly to cater more closely
to the demands of customers. BankFusion clients can benefit
from faster implementation of core banking projects and more
flexibility in their operations.
Under the licensing agreement, Misys is incorporating
IBM business analytics, information management and
application server software, including Business Process
Server, into its BankFusion platform. As a result, clients
will be able to install a proven, certified process
management technology without the need for additional
integration and testing of banking applications.
Banks can now tailor complex workflows without custom
programming using BankFusion and IBM's extensive library
of automated business processes, saving implementation time
and resources. Incorporating IBM software into every
BankFusion solution further extends the reach of Misys
technology to the world's largest financial
institutions.
Henny te Beest, CFO and Managing Director, Amsterdam Trade
Bank, adds: "We selected Misys BankFusion Equation to help us
to reduce our cost/income ratio and lower operational
risk. The decision by Misys to integrate IBM's Business
Process Server which is already an established and proven
business process software solution, will further strengthen
Misys BankFusion. In line with our strategy, this latest
addition to Misys portfolio is important as, I believe it
will enable us to build banking processes faster and enhance
our integration capability using industry-standard
components."
Misys is also adopting IBM's Information FrameWork and
will work to ensure that the processes developed within its
BankFusion solutions follow the framework's comprehensive
business and data models. This will enable Misys to
accelerate the development of new banking processes. It will
also help clients, who are following a model-based approach
to the renovation of their banking systems, by providing them
with an out-of-the-box set of software that helps simplify
their business models.
"It is vital for banks to be able to change their processes
rapidly and with no disruption to the ongoing operations of
their business," comments, Robin Crewe, CTO, Misys. "With
Misys BankFusion solutions now being available to customers
with IBM's software fully integrated as standard, banks will
be able to improve processes in-flight and scale rapidly with
no negative impact to customer experience. The adoption of
the IBM Information Framework brings even greater focus on
processes within our development methodologies and a tighter
consistency of specification, design and delivery of business
solutions. Our customers will see more value for their
investment and a functionally richer system that can be
implemented more rapidly through collaboration with IBM."
"Financial services clients are looking for faster and
simpler ways to modernize core banking systems while keeping
technology costs in line with growth strategies," said Arvind
Krishna, General Manager, IBM Information Management. "The
combination of Misys and IBM software can help clients better
manage and analyze their data to meet these goals and set the
stage for new products and services that provide a
competitive advantage."
- Ends -
For further information please contact
Edward Taylor
Global Head of Public Relations
Misys
+44 (0)20 3320 5530
edward.taylor@misys.com
About Misys plc
Misys plc (FTSE: MSY.L), provides integrated,
comprehensive solutions that deliver significant results to
financial services organisations. We maximise value for
our customers by combining our deep knowledge of their
business with our commitment to their success.
Misys is a market leader with over 1,300 customers,
including all of the world's top 50 banks. Misys employs
approximately 4,000 people and works with over 100 partners
globally who serve customers in more than 120
countries.
We aspire to be the world's best application software
and services company, delivering results for the most
important industries in the world. Working with our extensive
partner network, together we create compelling solutions
enabling our customers to differentiate themselves and drive
a competitive edge.
Misys: experience, solutions, results
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