Top Asian institutions select Misys Summit to enhance treasury & capital markets capabilities
ICBC, Japan Post and Asian Development Bank all implementing the award-winning
31 October 2006 - Misys Banking Systems, a global leader in banking software and solutions, announces today that three leading Asian financial institutions have all signed agreements to use Misys Summit for their treasury and capital markets requirements.
ICBC (China's largest bank), Japan Post (Japan's largest financial institution) and Asian Development Bank have all started implementing the front-to-back office solution. Each of the organisations will utilise Misys Summit for the pricing of complex structured trades and trade processing.
Alan Railton, General Manager, Sales & Distribution, Treasury & Capital Markets Asia, Misys Banking Systems, comments, "Over the last year, we have seen a revenue growth of over 40 per cent in our China business alone. This is just one example of how rapidly our Asian business is expanding as financial institutions in the region focus on generating significant profits from more complex trading. Complex structured trades and derivatives are becoming increasingly popular in this rapidly moving market. These customers are typical of the more forward-thinking institutions that are adopting systems to manage the complexities of pricing, booking, risk management and regulation within a single solution."
For further information please contact:Deborah Choong
Marketing Manager, Treasury & Capital Markets - Asia
Misys Banking Systems
+852 2230 2302
deborah.choong@misys.com
Marketing Manager, Treasury & Capital Markets - Asia
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 plc
Misys plc (FTSE: MSY.L), the global software 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
Misys. Making things that really matter, work better.
Misys plc (FTSE: MSY.L), the global software 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
Misys. Making things that really matter, work better.
