Misys voted No.1 for risk management in 2008 Asia Risk Technology Survey
2nd October 2008 – Top financial services professionals in Asia have voted Misys (FTSE: MSY.L), the global application software and services company, as the number one solution provider for risk management in the region according to the 2008 Asia Risk Technology Survey, it is announced today.
Specifically, Misys ranked number 1 in four categories:
- ‘Dedicated credit risk management’;
- ‘Dedicated operational risk management’;
- ‘Asset and liability management’;
- ‘Enterprise risk management/cross-risk integration’;
The survey – a poll of leading financial institutions in Asia across the sell side and buy side also garnered Misys with top 3 positions in ten other categories including ‘Trading systems: Cross-asset (front-to-back office)’, Trading systems: Structured products (front-to-back office)’, and ‘Pricing and risk analytics: Cross asset’. Overall, Misys ranked 3rd most favoured technology vendor as compared to the 8th place the company achieved in last year’s survey.
Christopher Jeffery, Hong Kong-based editor of Asia Risk, comments: “Technology suppliers throughout Asia have increasingly been customising their technology services to meet the demands of clients in the region and exporting these techniques to Europe and the US. The big investments certain vendors such as Misys have made in the region seem to have paid off, with some impressive client wins and improvements in derivatives software offerings.”
To address a shift in the centre of gravity of financial innovation, Misys has set up an Asia product centre in Beijing, with 20 staff dedicated to Misys’ Summit FT and Opics Plus derivatives trading and risk systems, with plans to scale up the resources of the centre in the near future. The new centre is part of Misys' overall expansion of resources in the region, where it increased staff by 65% over the past two years to 850 across 13 offices supporting 195 clients.
Ed Ho, EVP & GM, Misys Solutions for Treasury & Capital Markets, comments: “These results show how financial institutions in Asia value our solutions and see us as a strategic partner for their success in tough global financial market conditions. We are continuing to invest heavily in our solutions for treasury and capital markets and are totally oriented to the needs of our customers, so we hope to see even better results in next year’s survey.”
Asia Risk surveyed technology users in Asia in July and received 1,186 responses, a near-fivefold increase on last year’s 240. Respondents were asked to nominate the companies that provide the best products across categories such as market risk, credit risk, trading systems, analytics and front-to-back-office systems, based on functionality, usability, performance, return on investment and reliability. Asia Risk verified the validity of
votes and discounted invalid votes.
Misys Treasury & Capital Markets has 18 years of experience and unrivalled software development expertise. It creates integrated, comprehensive solutions for financial institutions to manage their capital market activities across multiple asset classes.
For further information or to request an interview with a Misys spokesperson, please contact:
Stephen White
Misys Treasury & Capital Markets
t. +44 (0)203 320 5593
ABOUT MISYS PLC
Misys plc (FTSE: MSY.L) provides integrated, comprehensive solutions that deliver significant results to organisations in the financial services and healthcare industries. We maximise value for our customers by combining deep knowledge of their business with our commitment to their success.
In Banking and Treasury & Capital Markets, Misys is a market leader, with over 1,200 customers, including all of the world’s top 50 banks. In Healthcare, Misys is a market leader, serving more than 110,000 physicians in 18,000 practice locations and 600 home care providers. Misys employs around 4,500 people 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.
Misys: Experience, Solutions, Results
