When international branches operate as separate, independent entities, there is typically major duplication of activities across branches. Midas Plus with Global Processing enables banks to centralise or consolidate their IT operations globally or regionally, significantly reducing costs and business risk.

The solution runs branches, or groups of branches, as multiple zones within a single Midas Plus environment. Unlike traditional hubbing approaches, Global Processing allows the bank to see all the data in a single coherent picture, yet retain local flexibility to comply with specific market pressures and the varying demands of regulators.

The benefits of Global Processing

The unprecedented level of consolidation delivered by Midas Plus with Global Processing delivers significant business benefits:

• The standardisation of business practices wherever appropriate allows banks to create a common customer experience, reduce duplication of effort and minimise business risk
• A single system means simplified operations: hardware, staff, testing, backup and disaster recovery can be planned and operated centrally, in a location that balances cost, skills availability and other business imperatives
• Risk exposures can be reported more quickly and managed more effectively through better quality and more consistent information
• Midas Plus with Global Processing allows a global or regional approach to reporting, thus streamlining financial and regulatory reporting for banks
• A single point of connection to external networks lowers costs. Similarly, fees for transmitting payment messages from one part of the bank to another can be eliminated

Midas Plus with Global Processing has emerged as the leading choice to consolidate wide ranging back office functionality, regionally or globally. In live use today, Midas Plus with Global Processing has been selected by banks headquartered in Asia, Europe and the USA and with hubs across all three continents.