Misys Banking Systems voted Technology Company of the Year, Asia
Industry accolade underlines Misys' market-leading position at the forefront of treasury and capital markets innovation
23 November 2006 - Misys Banking Systems, a global leader in banking software and solutions, today announces that it has been awarded the prestigious accolade of Technology Company of the Year, Asia, by Structured Products Magazine. The award recognises the continued achievements of Misys Summit MUST, the market-leading tool from the Misys Summit portfolio. The solution simplifies the creation, processing and management of hybrid trades with multi-underlying asset structures, thereby dramatically reducing time-to-market for new products and managing risk in a single STP environment.
"We're absolutely thrilled to receive this recognition for our ongoing efforts within the field of structured products and this award is testament to the team's tireless efforts to develop a market-leading trading solution for our customers," commented Murray Sargant, Managing Director Asia Pacific for Treasury & Capital Markets, Misys Banking Systems. "For our customers in Asia particularly, being able to build, process, manage and price hybrid deals within a single integrated STP environment enables them to manage their risk more effectively and to process deals quickly. Our team has designed the product based on a real understanding of the industry and the needs of the innovators within the market. We are proud of this accolade and look forward to strengthening our position in the region as we continue to work with our customers to help them maintain their competitive edge."
The success of Misys Summit MUST (Multi-Underlying Structured Trade) is directly attributed to the way in which it handles complex structured deals, across multiple asset classes, with minimal delay. It provides maximum functionality without the need for any additional customised programming and this, combined with its seamless integration into Misys Summit's STP platform, enables traders to operate effectively without the need for extended system down-time for ongoing maintenance or testing. This is a real benefit to customers, who are keen to remain as competitive as possible in the fast paced and dynamic environment.
While Structured Products awards have in the past concentrated on Europe and the USA, this is the first time that the publication has dedicated such extensive exposure to the Asian markets. The revised focus reflects the industry's wider interest in this rapidly evolving market and seeks to recognise some of those businesses that have already made significant strides in tackling the challenges that the new territories present.
Misys Treasury & Capital Markets has grown its presence and its team of treasury industry experts rapidly in Asia over the past year and now has over 80 of Asia's leading financial institutions as customers, including ICBC, Asian Development Bank and Japan Post. From a Chinese market perspective, Misys Treasury solutions are now used by China's top five banks and over ten regional joint stock owned and city commercial banks. Throughout Asia, financial institutions are increasingly turning to Misys for their world-class treasury requirements. Misys Summit MUST is leading the way in supporting their structured product needs.
For further information, please contact:Edward Taylor
Global Head of PR
Misys Banking Systems
+44 (0)20 8486 1661
edward.taylor@misys.com
Deborah Choong
Regional marketing manager
Misys Banking Systems
+852 2230 2302
deborah.choong@misys.com
Regional marketing manager
Misys Banking Systems
+852 2230 2302
deborah.choong@misys.com
About Misys Banking SystemsMisys Banking Systems supplies over 1,200 customers in more than 120 countries, among them 49 of the world's top 50 banks, with software and solutions for retail banking, wholesale banking, treasury and capital markets and risk management. It has 2,500 people around the world and sales, implementation and customer support teams in nearly 30 countries. One third of the world's commercial loans, half of traded loan volumes and one in every eight global FX transactions are conducted using Misys systems. Misys invests heavily in research and development and is one of the top industry spenders, investing nearly ten per cent of total revenue per annum. Misys Banking Systems is part of Misys plc.
About Misys plcMisys plc (FTSE: MSY.L), the global software and solutions company, is one of the world's largest and longest-established providers of industry-specific software. Founded in 1979, Misys serves the international banking and healthcare industries, combining technological expertise with in-depth understanding of customers' markets and operational needs. In banking Misys is a market leader with over 1,200 customers, including 49 of the world's top 50 banks. In healthcare Misys is also a market leader, serving more than 110,000 physicians in 18,000 practice locations, 1,200 hospitals and 600 home care providers. Through Sesame, a wholly-owned subsidiary, the company is also a leading provider of support services to financial advisers in the UK. Misys employs around 6,000 people who serve customers in more than 120 countries. For more information, visit www.misys.com
