News about our business
Banking Systems :: 2007
19/12/2007Misys voted best for trading in rates and IAS39 compliance in 2007 Risk Magazine rankings
19 December – Misys (FTSE: MSY.L), the global application software and services company, has been voted as the number one solution provider for trading in rates and IAS39 compliance in the 2007 Risk Magazine rankings, published today.
17/12/2007UBI Banca chooses Misys Midas Plus and TI Plus to support the consolidation of its international banking network

17 December 2007 - Misys plc (FTSE: MSY.L), the global application software and services company, today announces that it had been selected by UBI Banca Internationalto help consolidate its international business. The Misys solution will enable the bank to improve efficiencies and business management across the group and ensure a consistent level of service to customers in Luxembourg, Spain and Germany.

12/12/2007Banco Itaú implements Misys Equation in Japan to provide customers with enhanced banking services

12 December 2007 – Misys plc (FTSE: MSY.L), the global application software and services company, today announces that Banco Itaú has migrated Banespa’s customers with Misys Equation in its Japanese operations. Banco Itaú also use Misys’ core banking solution, Midas, for its American and offshore operations.

10/12/2007AB Bank goes live with Misys Equation and Trade Innovation, building on a long-term partnership with Misys.

10 December 2007 – Misys (FTSE: MSY.L), the global application software and services company, announced today that AB Bank Limited, the first private sector bank of Bangladesh, has gone live with Equation 3.8.2 and Misys Trade Innovation.

06/12/2007Intercontinental Bank goes live with Misys TI Plus as part of its strategy to grow its trade finance business and enhance customer service

6 December 2007  – Intercontinental Bank, the fifth largest African bank and the first Nigerian bank to be rated among the world’s elite top 500 banks, is now running its trade finance operations with the award-winning trade finance solution, Misys TI Plus.

03/12/2007United Commercial Bank extends its use of Misys’ Equation and Trade Innovation systems to support its expansion in Taiwan
3 December 2007 – Misys plc (FTSE: MSY.L), the global application software and services company, today announced that United Commercial Bank (UCB) has licensed its Equation and Trade Innovation solutions to support its expansion of business in Taiwan.
29/11/2007Misys partnership with HCL drives value for customers at Maybank

29 November 2007 – Misys (FTSE: MSY.L), the global application software and services company, announced today that Maybank, Malaysia’s largest bank and leading trade finance service provider, has introduced online trade finance services via Maybank2e.net, by implementing Misys Trade Portal. This provides greater convenience and will increase productivity and efficiency to businesses for their trade financing needs.

26/11/2007Misys Treasury Plus voted ‘Best Trade Processing Solution’ in European Banking Technology Readers’ Choice Awards

26 November 2007 – Misys (FTSE: MSY.L), the global application software and services company, was awarded ‘Best Trade Processing solution’ for its innovative web-based trade processing solution, Misys Treasury Plus, at the inaugural European Banking Technology Readers’ Choice Awards dinner in London on 22 November 2007.

22/11/2007China Merchants Bank enhances services with new Misys risk solution
  • Major Chinese bank implements advanced Misys Opics Risk Plus system to manage portfolio exposure and to support growth strategy
  • Demand for globally proven software solutions growing throughout Asia
22 November 2007 – China Merchants Bank (CMB), one of China’s leading financial institutions, has gone live with an advanced market risk and portfolio management solution from Misys (FTSE: MSY.L), the global application software and services company. Implementing Misys Opics Risk Plus at its head office in Shenzhen will enhance risk management, enabling the bank to identify further growth markets.
21/11/2007LBBW first to go live with new complex options solution from Misys
21 November 2007 - Landesbank Baden-Württemberg (LBBW) bank has become the first bank globally to implement a new complex options solution from Misys (FTSE: MSY.L), the global applications software and services company, as part of a wider upgrade in its back office treasury operations. Pioneering the new complex options module within Misys Opics Plus will expand the bank’s complex OTC products business while upgrading its back office will cut end of day batch processing times by half and improve risk management.
15/11/2007SOYUZ Bank will implement Misys to drive expanding universal banking business as Misys celebrates 15 years in Russia

Moscow, 15 November 2007 – Misys plc (FTSE: MSY.L), the global application software and services company, today celebrates the 15th anniversary of its business in Russia as the latest of the country’s leading banks, SOYUZ Bank, chooses its core banking solution, Misys Equation as well as Misys Trade Innovation to support its expansion strategy.

15/11/2007Pricing Partners and Misys sign exclusive agreement to deliver more accurate integrated valuation solutions for traders
  • New deal will see Price-it® valuation libraries and analytics exclusively integrated with Misys Summit FT
  • Celent analyst highlights need for greater coordination between deal and portfolio risk management activities

15 November 2007 - A new agreement between Misys, the global application software and services company, and Pricing Partners, the independent valuation solutions firm, has been finalised today, creating a unique solution which enables financial institutions to gain more accurate, independent pricing for standard and hybrid exotic derivatives with an extensive asset classes coverage.

12/11/2007Bank of Communications, Hong Kong extends Misys relationship with derivatives, fixed income and structured products capability
  • Bank takes new Misys Summit modules to operate all asset classes on common platform and deliver STP
  • Deregulation and derivatives growth driving need for new technology

12 November 2007 – Bank of Communications, Hong Kong Branch (BOCOM, HK), listed on the Hong Kong Stock Exchange, has extended its relationship with Misys, the global application software and services company, to create full STP in front, middle and back office operations handling credit derivatives, fixed income and structured products.

29/10/2007Misys hosted service allows more than 800 banks, fund managers and corporations adjust to new SWIFT message formats

29 October 2007 – More than 800 banks, fund managers and corporations across the world will go live today on the latest hosted confirmation matching service from Misys, the global applications software and services company, to cope with new changes to SWIFT messaging formats.

17/10/2007Public Bank Berhad implements Misys Equation 3.82 in less than 3 weeks

17 October 2007 - Misys, a global leader in application software and services, has completed the implementation of Misys Equation 3.82 in record time at Public Bank Berhad in Colombo, Sri Lanka (PBSL) to enable it to evolve from a manually-processed bank to one with a fully-automated retail operation.

09/10/2007Indian Overseas Bank selects Misys Midas Plus
9 October 2007 - Indian Overseas Bank in Singapore has selected integrated core banking solution, Misys Midas Plus, to introduce new products and client services to support business expansion, deliver new levels of customer satisfaction and improve operational performance while enabling market leading international standards in accounting and regulatory compliance & controls.
01/10/2007Misys E&I makes SWIFTNet E&I benefits available to all financial institutions

1 October 2007 – Misys, a global leader in banking software and solutions, today is announcing the development of a new set of solutions to help all banks, irrespective of payments volumes, manage exceptions and investigations, one of the most resource-intensive and costly activities for a financial institution.

01/10/2007Misys named best Islamic core banking solutions provider

1 October 2007 – Misys, the global application software and services company, has won a prestigious award for its Islamic banking and finance solutions.

01/10/2007KBC Bank frontrunner in trade finance market selecting Misys to enable its SWIFTNet TSU initiatives

1 October 2007KBC Bank, one of the leading financial groups in Europe, has selected Misys Trade Services to enable its TSU-based initiatives, which will enhance the services it provides to corporate customers.

27/09/2007Misys is first Trade Finance solution specialist to launch “Multi-Bank” architecture for banks and their corporate customers

27 September 2007 – Banks will be better equipped to meet the demands of their customers with the launch today of a corporate multi-banking service by Misys, the global software and solutions company. Misys Trade Portal for Multi-Bank is a secure hosted service that provides banks and their customers with a comprehensive means of processing, reviewing and managing through a single web-based portal all their transactions including Letters of Credit, Collections, Guarantees, Financing or Open Account-based transactions.

24/09/2007Misys and NumeriX combine best-of-breed treasury and capital markets solutions with leading pricing and risk analytics

24 September 2007 - An extended partnership between Misys, the global software and solutions company and NumeriX, the independent leader in pricing and risk analytics for fixed income, credit, foreign exchange, hybrids, cross currency, inflation rate and equity derivatives has been announced today.

17/09/2007Misys builds on strong position in Middle East and Africa and invests to develop Treasury & Capital Markets solutions for the region's financial institutions

17 September 2007 – As part of the strategy to drive growth in rapidly expanding markets, Misys, the global software and solutions company, is boosting its operations in the Middle East and Africa, with a dedicated Treasury & Capital Markets team and new solutions focused on banks’ needs in that market. The team will be based in Dubai and led by Wissam Khoury, a former Reuters executive, reporting to Roy Froud, Head of Sales for Misys Middle East and Africa.

13/09/2007Misys purchases book-building platform for primary loan market from Dresdner Kleinwort to enhance lending solutions portfolio
  • New integrated front office loan syndication solution geared to benefit bookrunners, borrowers and investors
  • Dresdner Kleinwort to become first subscriber at the end of 2007

13th September 2007 - Misys, the global applications software and services provider, has agreed the purchase of eLoancoordinator™, a proprietary internet-based bookbuilding (US: bookrunning) platform for the primary loan market, from Dresdner Kleinwort, the investment bank of Dresdner Bank AG.

10/09/2007Banks and corporates to share benefits as Misys introduces innovative confirmation matching service for OTC Derivatives
  • Misys Treasury Plus Version 1.5 goes live in more than 800 corporates and banking institutions
  • New Instrument Wizard can reduce confirmation times and risks for transactions from several days to under 24 hours

10 September 2007 - A new confirmation matching module for OTC Derivatives from Misys, the global software and solutions company, has gone live in more than 800 of the world’s largest corporates and financial institutions, enabling automated post-trade confirmation matching in OTC Derivatives and Commodities for the first time through Misys Treasury Plus.

06/09/2007Largest Kazakh bank, Kazkommertsbank, makes strategic move into derivatives with Misys Summit FT solution
  • Best of breed treasury and capital markets solution will provide capability for FX, fixed income and derivatives
  • First Kazakhstan banking institution to take Misys Summit FT signifies emerging market desires for sophisticated cross-asset front-to-back software solutions

6 September 2007 – Kazkommertsbank, the largest bank in Kazakhstan, has purchased a best-of-breed treasury and capital markets solution from Misys, the global software and solutions company, to offer a full range of complex products, including credit derivatives to customers and boost monitoring of credit and market risk.

17/08/2007Largest Philippines bank, Metropolitan Bank and Trust Company, (Metrobank) upgrades Misys core treasury system to grow trading capacity and STP
  • Metrobank will scale up with Misys Opics Plus, Opics Risk Plus, and Eagleye to boost automation and reduce risk in treasury dealing room.
  • Latest solutions deal confirms 10 year relationship between Metrobank and Misys.
 15 August 2007 – Metropolitan Bank and Trust Company (Metrobank), the Philippines’ largest bank, has signed a new deal with Misys, the global software and solutions company, to upgrade the core treasury system at its central treasury dealing room in Manila.
01/08/2007Advanced credit derivatives solution for banks, asset managers and insurance firms in new version of Misys Summit FT
  • Misys Summit FT V5.2 launched to help banks handle the very latest complex credit derivatives and structured products
  • 11 banks already signed to make use of new innovations in credit derivatives, grid computing, structured trading and compliance
1 August 2007 – A new solution with powerful tools for trading and managing increasingly complex credit derivatives has been launched by Misys, the global software and solutions company. Misys Summit FT V5.2 will enable financial institutions to scale-up and meet evolving market demands in both complexity and volume as credit derivatives markets develop at a rapid pace.
30/07/2007NORD/LB selects Misys Midas Plus to help grow its corporate banking business
30 July 2007 – NORD/LB (Norddeutsche Landesbank Girozentrale), one of Germany’s most prestigious banking groups, has selected Misys Midas Plus to support its aim of growing its corporate banking business and at the same time making the group’s risk and cost structure more competitive. With further investment into the global Midas strategy and afterwards implementing Misys Midas Plus with Global Processing, NORD/LB will be able to reduce costs and risk across its international banking operations.
26/07/2007De Surinaamsche Bank N.V. first in Suriname to implement new treasury solution from Misys Treasury & Capital Markets
  • Bank goes ‘live’ with core treasury solution enabling it to manage larger treasury volumes and increased complexity in trades.
  • The Enhanced product coverage and flexibility of Misys Opics Plus will reduce the time-to-market for the bank to take advantage of new market opportunities.

26 July 2007The largest bank in Suriname, De Surinaamsche Bank N.V. (DSB Bank) has gone ‘live’ with Opics Plus, a best-of-breed treasury system from Misys, the global software and solutions company. The commercial bank is the first financial institution in Suriname to implement Misys Opics Plus and will use the solution at its head office in Paramaribo to manage the increasing complexity and volume of trades in its treasury operations.

19/07/2007Bohai Bank goes live with new risk solution to manage portfolio exposure, extending relationship with Misys
  • China’s newest commercial bank takes global lead in implementing advanced Misys Opics Risk Plus to manage portfolio exposure and to support growth strategy
  • New application builds on recent implementation of Misys Opics STP system for processing in treasury operations.

18 July 2007Bohai Bank, the first national joint stock bank to be set up in China since 1996, has gone live with an advanced market risk and portfolio management solution from Misys, a global leader in financial software and solutions. The implementation of Misys Opics Risk Plus at its head office in Tianjin makes Bohai Bank the first organisation worldwide to fully implement this system.

11/07/2007Ocean Bank moves to FEDLINE Direct gateway to support its growing wire transfer business making its first payment with Misys ST-Pymnts solution

11 July 2007 - Ocean Bank, the largest independent commercial bank headquartered in Florida, has completed its first FEDLINE Direct transaction because of the recently implemented integrated payment engine ST-Pymnts from Misys, a global leader in software solutions.

06/07/2007EBS Building Society Gets Ready For Basel II with Misys Almonde

6 July 2007 - EBS Building Society has successfully gone live with Misys Almonde, a market-leading compliance and performance management solution, to address the requirements of Basel II.

26/06/2007Albaraka Banking Group expands its Islamic Banking services in Bahrain, Lebanon and South Africa with Misys Equation (Islamic)

26 June 2007 – Albaraka Banking Group (ABG), one of the world’s foremost Islamic Banking specialists, has signed an agreement to use Misys Equation (Islamic) to streamline operations, improve the retail and Islamic banking services it provides its customers, and enable the bank to expand into new territories.

19/06/2007Banks and hedge funds to benefit from new hosted solutions for derivatives processing, treasury operations and loan syndication
  • Misys Treasury & Capital Markets announces new ‘Software as a Service’ (SaaS) strategy at SIFMA Technology Management Conference & Exhibition offering its leading solutions on hosted platforms
  • Analyst house, Aite Group, recognises value in outsourcing management applications as SaaS solutions
07/06/2007Misys creates hat-trick of new executive positions in Treasury and Capital Markets business in the Americas
  • Trio will drive growth strategy and play major part in delivering new services including ‘Software as a Service’ in the region
  • Increased focus on Latin America will see lead office in Mexico City more than double in size this year
7 June 2007 - Misys, the global software and solutions company, has created three new senior positions in its Treasury & Capital Markets business in the Americas. They will deliver the company’s new strategic objectives in that region, including a fresh drive into the Latin American market and the creation of a new services and consulting business.
04/06/2007Icelandic investment company chooses Misys hosted trading platform to support rapid growth
  • Leading Icelandic investment company, Gnupur, to implement Misys Summit ASP solution to boost trading ability and capitalise on major growth in Iceland’s equities and credit derivatives sector
  • New system will address problems of manual inputting and complex instrument coverage
4 June 2007 – Gnupur, an Iceland investment company has signed a deal with Misys, the leading treasury and capital markets solutions provider, to implement its Misys Summit ASP hosted service. The deal, announced today, will create new revenue opportunities for the firm and support its rapid growth domestically and overseas.
01/06/2007Misys Treasury & Capital Markets wins ‘Best Sell-Side Innovation Award’ for credit derivatives processing in Misys Summit FT

1 June 2007 – The technology leadership of Misys Treasury & Capital Markets was acknowledged today by the international Financial Times publication, The Banker, in its annual Technology Awards. Misys has won the “Best Sell-Side Innovation” category with its treasury and capital markets solution, Misys Summit FT.

08/05/2007Staal Bankiers extends relationship with Misys selecting Misys Opics Plus to optimise treasury processing

8 May 2007 - Misys Treasury & Capital Markets announces today that leading Dutch private bank, Staal Bankiers N.V. is to implement Misys Opics Plus to improve treasury operations. The solution will be implemented over the next six months in Zoetermeer, The Netherlands at the data centre of Ordina BPO, to whom Staal Bankiers has outsourced its back office systems.

02/05/2007New complex options and risk modules unveiled by Misys at ACI World Congress to build on global back office solution
  • Misys Opics Plus v2.0 includes new Complex Options module with added coverage for FX, Fixed Income, Equity and Commodity OTCs
  • Re-architected .NET Opics Risk Plus module promises faster processing and real-time VaR enhancements. 

2 May 2007 - New complex options coverage and enhanced risk management for banks will be unveiled by Misys at this year’s ACI World Congress in Montreal, Canada to coincide with the latest release of Misys Opics Plus, the company’s trademark back office solution.

27/04/2007Misys showcases new unstructured trade confirmations module at ACT Treasurers’ Conference, Edinburgh
  • Updated Misys Treasury Plus solution maximizes productivity of OTC derivative transactions
  • Monthly confirmations matched by Misys tops 600,000 mark for the first time
27 April 2007 - A new Unstructured Trade Confirmations (UTC) module from Misys Treasury & Capital Markets will get its first public outing at this year’s ACT Treasurers’ Conference in Edinburgh, from 2-4 May.
26/04/2007Misys awarded prestigious label by SWIFT for its SWIFTNet Trade Services Utility (TSU) solution

26 April 2007 – Misys has been named the first trade services solutions provider to win the SWIFTReady Trade Services Utility (TSU) label.

03/04/2007Launch of first front-office offering in Misys Treasury and Capital Markets’ Loan IQ™ suite provides new STP solution for loan traders and managers
  • Enhanced level of profit and loss monitoring of trades available as Misys launches first integrated front office solution in its Loan IQ suite
  • Analyst house, Celent, recognises value in real-time integrated STP solutions 

London – 3 April 2007 - Enhanced real-time P&L and position monitoring is now available to loan traders and managers in commercial lending from today, with the launch of Misys Loan IQ Trader Desktop - the first front office solution in the Misys Loan IQ suite. 

26/03/2007KASB Bank goes live with Misys Equation powering expansion across Pakistan
26 March 2007 - Misys Core Banking announces today that KASB Bank has completed the implementation of Misys Equation across its operations in 12 major cities in Pakistan.
20/03/2007Indian banking leader, HDFC Bank, selects Misys Summit FT to focus on innovation and to bring derivatives products more quickly to market

20 March 2007 – Misys Treasury & Capital Markets announces today that HDFC Bank, recently named as the “Best Bank” in India1, has selected its award-winning solution, Misys Summit FT, to process interest rate derivatives. Misys Summit FT was chosen because of the clear return on investment to HDFC Bank and its excellent reputation as well as Misys’ experience of over 17 years delivering solutions to the interest rate derivatives market.

12/03/2007Lebanon & Gulf Bank expands relationship with Misys for Basel II compliance, asset liability management and anti money laundering
12 March 2007 - Misys Banking Systems, a global leader in banking software and solutions, announces today that Lebanon & Gulf Bank (LGB) has selected Misys Almonde to comply with Basel II regulatory requirements and fulfill its Asset Liability Management requirements.
27/02/2007New unstructured trade confirmations module from Misys maximises productivity of OTC derivative transactions
London / New York - 27 February 2007 - Misys Banking Systems, a global leader in banking software and solutions, today announces the launch of Misys Treasury Plus version 1.4.  The new version of the online hosted treasury management service features a new Unstructured Trade Confirmations (UTC) module to facilitate matching of OTC Derivatives transactions.  Additionally, it includes a Report Scheduler, a new Failed SWIFT Messages screen, enhancements to the Action List and additional reports in the Premium Reports module, all increasing transaction productivity and efficiency.
19/02/2007Mortgage Bank extends licence for Misys Equation, maintaining its position at the top of Latvia's banking industry
19 February 2007 - Misys Banking Systems, a global leader in banking software and solutions, announces today that the Latvian bank, JSC Mortgage and Land Bank of Latvia  (Mortgage Bank) has extended its licence of Misys Equation for a further eleven years, having reviewed solutions from competitors, including Temenos.
08/02/2007Record attendance at Misys' international conference season underlines client commitment to product development and reinforces global network
8 February 2007 - Misys Banking Systems, a global leader in banking software and solutions, has completed its most popular ever round of international customer conferences taking place across Asia-Pacific, EMEA and the USA.  Over 700 delegates from around the world attended briefing and networking events held in Hong Kong, Bali, Macau, Singapore, London, Manila and Miami.  They were given the opportunity of providing input into the strategic direction of Misys products, sharing experiences with peers and gaining insight into changes in industry practice and regulation. 
18/01/2007Guy Warren joins Misys to lead the Core Banking business
18 January 2007 - Misys Banking Systems, a global leader in banking software and solutions, announces today the appointment of Guy Warren as Executive Vice President and General Manager of Core Banking.  He joins Misys on 5 March 2007.
17/01/2007Philippine Veterans Bank goes live on Misys Opics Plus
17 January 2007 - Misys Banking Systems, a global leader in banking software and solutions, announces today that Philippine Veterans Bank (PVB) has successfully implemented Misys Opics Plus in record time.  With the rapid three-month implementation, the bank has expanded the range of products it can offer its customers and has broadened the functionality of its treasury operations.