| Banking Systems :: Archive | |
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| 01/12/2004 | Summit Tops the Best – Number One Ranked Vendor in Risk’s Technology Rankings London - Summit Systems, a subsidiary of Misys plc, announced today that it had been voted the leading system in the Risk Magazine Technology Rankings survey. In addition to topping the poll in 5 categories, the capital markets software vendor achieved a second place in four additional categories and was the number one ranked vendor overall. Risk Magazine, a publication of Incisive Media plc, will publish the full results in its December edition and this will be followed by a formal ceremony in February 05. The survey’s aim was to rank technology vendors in the risk management and derivatives market. Risk subscribers plus customers of the software vendors made up the 370 voters who were free to recommend any software firm in 30 categories. |
| 30/11/2004 | Bank of India, the first Misys MidasPlus customer, goes live with Global Processing London & Singapore, 30th November 2004 – Misys Wholesale Banking Systems (Misys) are pleased to announce that Bank of India (BOI), the first of 17 new Misys MidasPlus customers, has gone live and on schedule. Centering its operations in Singapore, BOI will roll out Misys MidasPlus with Global Processing across 19 branches and seven time zones. The bank’s implementation is a large and advanced deployment of the Misys MidasPlus with Global Processing solution. |
| 16/11/2004 | Misys and S1 extend partnership with strategic agreement to provide FRS regulatory reporting solutions worldwide London/Brussels, 16th November 2004 –Misys Wholesale Banking Systems (Misys) is pleased to announce today that Misys and FRS, a global leader in regulatory reporting and financial analytics solutions and a business unit of S1 Corporation (NASDAQ: SONE), have signed a strategic agreement which provides Misys with the rights to sell and distribute FRS regulatory reporting products on a worldwide basis. This follows the announcement earlier this year of the agreement between Misys and S1 Corporation (S1) for Misys to distribute and implement S1’s Enterprise retail, cash management and trade finance solutions throughout Europe, Africa, Middle East and Asia. |
| 15/11/2004 | Centrobanca Invests for Structured Products Trading With Summit Systems Paris – Summit Systems today announced that Centrobanca, the investment bank of Banche Popolari Unite (BPU Banca Group), has licensed Summit’s MUST tool for structuring, pricing and processing exotics and structured products. At the same time the Bank has acquired additionalmodules to support further instrument types including equity options, FX swaps and embedded FX spots. |
| 27/10/2004 | Summit Grows European Front Office Team Summit Systems, providers of the leading treasury and capital markets solution, has grown its front office and financial engineering team with several new appointments. They include James Baker who moves from Paris to Summit’s London operation to become Director of Front Office Support, and Alexis Viry who has joined from BNP Paribas and will assume the position of Head of Front Office for the Interest Rate Derivatives and Credit Group. It is anticipated that these roles will further advance Summit’s product strategy in the areas of credit derivatives and structured products. |
| 19/10/2004 | BayernLB Selects Summit to Consolidate Global Systems – Replacing Over 16 Software Solutions On 11 October 2004, Summit Systems announced that it had been selected by BayernLB to provide a global system that will handle all instruments from trade entry through to settlement. The depth and breadth of Summit would allow BayernLB to replace over 16 existing systems used in various areas and locations of the Bank. |
| 13/10/2004 | Misys launches new loan management reporting module in partnership with Cognos Atlanta, Georgia and London, 13th October 2004 – Misys Wholesale Banking Systems (Misys) is launching a new reporting module for its loan management product, Loan IQ, today. The new module, called DataNet, will be demonstrated throughout Sibos on the Misys stand. |
| 13/10/2004 | Misys Treasury reinforces its commitment to the banking community with Interbank Matching London and Atlanta, October 13th 2004 – Misys Treasury’s Interbank Matching module, launched in June 2004, now allows banks to manage their Interbank trades for foreign exchange, options and money markets without involvement from its counterparties. |
| 13/10/2004 | Misys Treasury to offer cash balance and statement integration London and Atlanta, October 13th 2004 – Misys Wholesale Banking Systems will be launching an upgraded version of Misys Treasury at Sibos this week. Misys Treasury, a new ASP service that provides browser-based treasury management services, will now include cash balance and statement aggregation. |
| 12/10/2004 | Misys Eagleye is purchased by IKANO Fund Management London, 12th October 2004 – The new generation compliance solution, Misys Eagleye, has been bought by IKANO Fund Management to help the fund management company address the application of the UCITS European Directive for its clients as well as other regulations in force now, in addition to those on the horizon. |
| 11/10/2004 | HBOS, OCBC, Industrial and Commercial Bank of China (ICBC) and Bank of India to implement MidasPlus this year London and Atlanta, October 11th 2004 – Following the successful launch of its global processing solution, MidasPlus, Misys Wholesale Banking Systems has reached agreements with six major banks to implement the solution. These include:
HBOS OCBC Industrial and Commercial Bank of China (ICBC) Bank of India |
| 11/10/2004 | Misys Retail Banking Unveils Future Strategy and Supporting Products 11th October - Misys Retail Banking today announced its forward strategy which includes a series of new product developments, partnerships and acquisitions. At the heart of the Misys strategy is the creation of a new banking software architecture – Equation Plus - that has been designed to help banks respond to the shifting boundaries between retailing and banking. Misys is also extending its ability to meet the needs of smaller ambitious banks and off-shore institutions with the acquisition of IDOM UK to create Bankmaster Plus, the only banking technology designed specifically for this sector. |
| 11/10/2004 | Trade Innovation from Misys chosen by top Russian bank VTB as the solution marks yet another successful year London, 11th October 2004 – Misys Wholesale Banking Systems is pleased to announce that Vneshtorgbank (VTB), Bank for Foreign Trade, one of the three largest universal banks in Russia, has chosen Misys Trade Innovation for its trade finance operations. |
| 11/10/2004 | BayernLB Selects Summit to Consolidate Global Systems – Replacing Over 16 Software Solutions Summit Systems today announced that it has been selected by BayernLB to provide a global system that will handle all instruments from trade entry through to settlement. The depth and breadth of Summit will allow BayernLB to replace over 16 existing systems used in various areas and locations of the Bank. Summit will enable BayernLB to centralise its operation in one global hub in Munich, with several hundred users accessing both directly and through Citrix from London, Hong Kong, Luxembourg, New York and Paris. |
| 11/10/2004 | Misys Wholesale Banking demonstrates prototype of J2EE / Thin-client version of Misys Message Manager London and Atlanta, October 11th 2004 – Misys Wholesale Banking Systems (Misys) has redeveloped its successful Message Manager product and is showing a prototype of the new product on its stand at Sibos. Misys Message Manager is an integral part of trading for many banks, since it allows them to handle the different messaging standards that are now used in global banking. The new version, available from Q2 2005, has been developed in partnership with SWIFT and Sun to ensure that it benefits from the latest technology and offers customers better functionality. |
| 08/10/2004 | Financial institutions now able to reduce operational risk and comply with regulations with Misys Opics London, 8th October 2004 – Misys Wholesale Banking Systems (Misys) has developed a new application, Opics Compliance, which automates and centralises monitoring of the many limits and rules laid down by the regulators. It enables financial institutions to remove the need for manual intervention, speeds up compliance checks and reduces their operational risk. |
| 07/10/2004 | Misys eServices Platform Trade Edition will increase speed, accuracy and more rapidly extend the global footprint of banks London, 7th October 2004 – Misys Wholesale Banking Systems (Misys) has integrated the successful Misys Trade Innovation with the innovative Misys eServices Platform Trade Edition to deliver a highly automated pre-packaged solution designed to support true front-to-back straight-through processing (STP). |
| 06/10/2004 | Absa improve internal SWIFT message processing with Misys Message Manager London/Johannesburg, 6th October 2004 – Misys Wholesale Banking Systems (Misys) are pleased to announce that Absa, one of South Africa’s largest financial services organisations, have implemented Misys Message Manager to drive major improvements in their internal SWIFT message processing .The new system was licensed by the bank in February 2004 and, after a short 2 month implementation project, the bank went live in May 2004. |
| 13/09/2004 | Misys Risk Management Systems selects Allustra as global collateral management partner London, 13 September 2004 - Misys Risk Management Systems today announces the signing of a strategic partnership with Allustra, a leading provider of enterprise cross-product collateral management solutions. |
| 01/09/2004 | CC-Bank signs £multi-million contract with Misys Retail Banking 1 September 2004 – CC-Bank, the consumer finance subsidiary of Santander Group in Germany, has awarded Misys Retail Banking a £multi-million contract to provide an international core retail banking system, critical to the bank’s modernisation and European roll-out. The Misys solution, Equation, will consolidate two legacy systems and standardise the bank’s IT infrastructure enabling CC-Bank to centralise customer data and provide 24/7 online account access for its 3.1 million customers. |
| 18/08/2004 | Misys Retail Banking powers the launch of the UK’s first Islamic bank Misys Retail Banking is providing the core banking infrastructure to underpin the UK’s first Islamic bank. The bank will open its first branch in London next month to meet the demands of members of the Muslim community who require banking facilities that conform with the Quran (Sharia’a compliant). Islamic Bank of Britain will offer a state-of-the-art retail banking service with multiple channels and a sophisticated set of services, providing UK customers with an alternative to conventional banking that they can count on at any time and from any location. |
| 04/08/2004 | Bank of Ireland Selects Summit for Credit Derivatives London - Summit Systems today announced that it has been selected to provide the software that will support Bank of Ireland’s business expansion into the rapidly growing credit derivatives market. Bank of Ireland Global Markets is responsible for global treasury operations within the Bank of Ireland Group and will install Summit at their HQ in Dublin. In addition to supporting its front office trading function, Summit will also handle all aspects of risk management and operations covering a wide range of instruments. This purchase builds upon the Bank’s existing Summit modules that include money markets, fixed income and interest rate derivatives. |
| 04/08/2004 | CLS custodian notification service implemented by Misys for Record Currency Management Misys Global Managed Services (Misys) today announced that Record Currency Management (Record), a specialist fund management firm, has gone live with the MT304 custodian notification service from Misys Treasury.
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| 02/08/2004 | Misys and Singlee Software Group partner to sign Beijing City Commercial Bank for Misys’ OPICS and Trade Innovation Misys Wholesale Banking Systems (Misys) is proud to announce that Beijing City Commercial Bank (BCCB) has selected OPICS, its treasury, derivatives and capital markets solution, and Trade Innovation, its trade services solution, as a total solution to help the bank meet its ambitious growth objectives. The deal has been secured through Misys’ partner, Singlee Software Group. |
| 28/07/2004 | Summit Systems Boosts Growth with 3 Major Deals Summit Systems continues to show steady client expansion with the announcement today of three major new deals in Europe, USA and Asia. The contracts have all been signed since the start of Misys plc’s new financial year starting June 2004, signalling an excellent start to the new year. The signings cover a range of asset classes including treasury, fixed income and structured trading - demonstrating Summit’s multi-asset class strength:- |
| 26/07/2004 | First Hawaiian Bank selects Trade Innovation from Misys for re-automation of foreign trade operations. London/New York, 26th July 2004 - Misys Wholesale Banking Systems (Misys) today announced that First Hawaiian Bank, the oldest financial institution in Hawaii, have selected Misys’ Trade Innovation solution to provide comprehensive operational and workflow management for its trade finance operations in Honolulu. |
| 23/07/2004 | KeyBanc Capital Markets chooses Misys Loan IQ as the foundation for their portfolio servicing growth plans New York / London, 23rd July 2004 — Misys Wholesale Banking Systems (Misys), a leading provider of financial software solutions, today announced that KeyBanc Capital Markets, the corporate and investment banking business of KeyCorp, has selected Misys Loan IQ as the software platform for its expanding agency syndication and servicing businesses. |
| 30/06/2004 | Abbey Financial Markets Take Summit for Credit Derivatives to Achieve Synergies Across Business Areas London, Summit Systems has announced that it has been chosen by Abbey Financial Markets (AFM) to handle all its credit derivatives trades from booking through to operations. The purchase is part of a restructuring programme that is aiming to create synergies across the business, improving STP and efficiencies in all areas. Over the past few years, AFM’s credit derivatives business has grown in volume and complexity. In addition to supporting existing non-credit risky products, the new system will cover instruments such as default swaps, baskets and indexed trades. |
| 15/06/2004 | Almonde and Misys Risk Management Systems launch market’s first Basel II solution for UK building societies London, 15 June 2004 - Almonde (UK) Ltd and Misys Risk Management Systems, providers of enterprise risk management solutions, today announced the release of a specialised Basel II solution for building societies in the UK. |
| 11/06/2004 | Summit to Drive Exotic and Derivatives Trading at Industrial Bank of Korea Summit Systems, a leading provider of treasury and capital markets solutions, today announced that Industrial Bank of Korea (IBK) has gone live with its derivatives module. IBK, one of South Korea's leading investment banks, has implemented Summit FT for trading and risk management covering interest rate derivatives, equity and FX options. IBK has also installed Summit's innovative MUST tool for structuring and processing exotic products. MUST has been combined with Summit's BGM module for pricing to provide a comprehensive solution that will enable the Bank to take full advantage of the growing exotics market in South Korea. |
| 07/06/2004 | Misys Wholesale Banking Systems launch Misys Treasury London, 7th June 2004 – Misys Wholesale Banking Systems (Misys) today announced the launch of Misys Treasury, a new ASP service providing browser-based treasury management services for corporate treasurers and fund managers. |
| 26/05/2004 | OPICS gives top Tunisian bank BIAT a flexible risk management system for the future London, 26th May 2004 - Banque Internationale Arabe de Tunisie (BIAT), one of Tunisia’s leading corporate banks, has chosen OPICS from Misys Wholesale Banking Systems (Misys) as the IT solution to help spearhead its continued business expansion at its head office in Tunis. OPICS was chosen due to the system’s flexibility, advanced technology architecture and complete integration from front- to back-office. |
| 24/05/2004 | Summit Advances the processing of Structured Trades with the Release of Phase II of MUST New York, Summit Systems has today announced the release of phase II of its innovative MUST (Multi-Underlying Structured Trade) tool that helps traders easily create, process and analyse complex products and structured trades. Originally announced in May 2003, Summit has since invested considerable R&D resource and partnered with a major Tier 1 bank, to add pioneering functionality that positions MUST as a best of breed tool for both sellside and buyside financial firms. |
| 18/05/2004 | Misys and Almonde partner to deliver complete Basel II and ALM solutions London, 18 May 2004 - Misys Risk Management Systems today announces the signing of a formal partnership with Almonde. The alliance, between two of the industry’s leading risk specialists, will establish an unrivalled depth of regulatory and risk product expertise with global delivery capability. |
| 17/05/2004 | Misys Wholesale Banking Systems and Currenex sign strategic partnership agreement New York/London, 17th May 2004 – Misys Wholesale Banking Systems (Misys) today announces that it has signed a strategic partnership agreement with Currenex®, the leading online global currency trading platform. |
| 11/05/2004 | NORD/LB chooses Midas solution from Misys Wholesale Banking Systems to support Warsaw operation London, 10th May 2004 - Misys Wholesale Banking Systems (Misys) today announces that NORD/LB (Norddeutsche Landesbank Girozentrale), one of Germany’s most prestigious banking groups, has gone live with the Midas banking solution at its operation in Warsaw. |
| 11/05/2004 | Suncorp Selects New Risk Solution Partner for Treasury Risk Management London, 11 May 2004 - Misys Risk Management Systems today announced that Suncorp has selected Risk Vision, the advanced solution for enterprise wide risk management, as its new risk solution for traded market risk and treasury credit. The Australian banking, insurance and wealth management company selected Misys’ integrated market and credit risk platform to strengthen its treasury risk management infrastructure and support expansion into new lines of business. |
| 30/04/2004 | NACF in Korea Goes Live with Summit’s Real-time Treasury and Capital Markets Solution Summit Systems today announced that South Korea's largest retail bank*, National Agricultural Cooperative Federation (NACF), has gone live with its front-to-back office solution for treasury and capital markets. In addition to providing the Bank with a straight-through processing solution, it will benefit from Summit real-time services including FX and bond positions, trade blotter and viewer, credit limits, market risk, confirmations and settlements, and real-time bond positions. |
| 28/04/2004 | Banca Popolare di Milano implements Misys OPICS to improve operational efficiency and reduce costs London, 28th April 2004 - Banca Popolare di Milano (BPM) has implemented OPICS, the treasury, derivatives and capital markets solution from Misys Wholesale Banking Systems (Misys), for its subsidiary in Dublin. OPICS has been installed at Engitech, who provide facility management services to BPM Ireland Plc, where the bank has no IT infrastructure. The bank went live with OPICS in January 2004, following less than 4 months of implementation. |
| 14/04/2004 | Misys Wholesale Banking Systems becomes a SWIFT user and implements SWIFTNet connectivity New York/London, 13th April 2004 – Misys Wholesale Banking Systems today announced that Misys CMS has moved a stage further into the world of seamless automated confirmation processing by joining SWIFT as a Treasury Electronic Trade Confirmation (ETC) provider, and implementing their own SWIFT connection. As a result, Misys has been given the SWIFT BIC of MISYGB2L, to be used by all Misys CMS customers, enabling them to send and receive SWIFT confirmations to and from the service. |
| 23/03/2004 | Summit Helps SEB Improve Risk Monitoring for FX & Derivatives London - SEB Merchant Banking, a division of SEB Group, one of the largest Nordic banks, has selected Summit Systems' treasury and capital markets solution to help consolidate risk monitoring for several desks into one single platform. The deal means that Summit's solution expands from focusing on derivatives at the Bank, to provide coverage across different asset classes, processing a wide range of trades from FX to futures, FRAs and swaps. |
| 16/03/2004 | FHLB Seattle Selects Summit New York, March 16 2004 - Summit Systems today announced that the Federal Home Loan Bank of Seattle (Seattle Bank) will implement the Summit system to support the bank's investment and funding portfolios along with its associated hedging activities. |
| 15/03/2004 | Misys Wholesale Banking Systems announce launch of Misys eServices Platform London, 15th March 2004 – Following the signing of a new five-year partnership deal with S1, Misys Wholesale Banking Systems (Misys) today announces the launch of Misys eServices Platform, a J2EE-based multi-channel solution for wholesale banks. |
| 15/03/2004 | Misys Wholesale Banking Systems and S1 Corporation announce strategic relationship London, 15 March 2004 – Misys Wholesale Banking Systems (Misys) and S1 Corporation (S1) today announce a new five-year distribution agreement. Under the terms of the agreement, Misys will distribute and implement S1’s Enterprise retail, cash management and trade finance solutions throughout Europe, Africa, Middle East and Asia. |
| 03/03/2004 | Misys Wholesale Banking Systems Welcomes Rudi Pecker as Head of Sales for Asia Pacific Singapore, 3rd March 2004 - Misys Wholesale Banking Systems (Misys) today announced the appointment of Rudi Pecker as Head of Sales for the Asia Pacific region. Mr. Pecker will be based at the company’s Singapore offices. |
| 24/02/2004 | Misys signs partnership agreement with Vanda Group to promote Trade Innovation in China Misys Wholesale Banking Systems today announced the signing of a partnership agreement with Vanda Systems & Communications Holdings Limited (Vanda) to promote its trade services solution, Trade Innovation, in China. |
| 19/02/2004 | Treasury Corporation of Victoria implements advanced platform for risk management London, 19 February 2004 - Misys Risk Management Systems today announced the Go Live of Risk Vision, the company's market leading risk management solution, at the Treasury Corporation of Victoria (TCV), Australia. The solution will allow TCV and its stakeholders to benefit from improved risk evaluation tools and techniques, through a number of Risk Vision components - Risk Vision Data, Risk Vision Carma and Risk Vision Exposure. |
| 17/02/2004 | Philippine National Bank – the 16th bank to sign for Misys’ OPICS in the Philippines London, 17th February 2004 - Philippine National Bank (PNB) has selected OPICS, the treasury, derivatives and capital markets solution from Misys Wholesale Banking Systems, to continue the improvement of its IT infrastructure by reducing risk and increasing efficiency. |
| 30/01/2004 | Misys launches third centre in Bangalore to expand Misys Risk Management Systems’ development capabilities London, 30 January 2004 - Misys Risk Management Systems today announces the expansion of its development capabilities with the official launch of its new centre in Bangalore. |
| 26/01/2004 | The Federal Home Loan Bank Boston Builds for the Future with Summit New York - Summit Systems today announced that the Federal Home Loan Bank (FHLB) Boston has decided to implement the Summit system to manage the bank's investment and funding portfolios along with its associated hedging activities. A phased rollout will be conducted with the assistance of Summit's Consulting Services Group and is planned to conclude in Q4 of 2004. |
| 13/01/2004 | Westpac NZ fights terrorist-financing with Midas Compliance Watch London, 13 January 2004 - Misys Wholesale Banking Systems today announced that Westpac New Zealand (NZ) has gone live with Midas Compliance Watch. Westpac NZ is one of the first banks in the region to embrace the need for more stringent anti-money laundering processes. In line with regulatory requirements, Compliance Watch will give the bank the ability to screen all inward and outward financial messages for individuals, companies or organisations appearing on published lists of known or suspected criminals and terrorists. |
| 09/01/2004 | Misys acquires IQ Financial Systems Misys plc, the global software products and solutions company, today announces it has acquired substantially all of the assets and liabilities of IQ Financial Systems ("IQFS" or the "Company") a majority held subsidiary of Deutsche Bank for $40m in cash. |
| 07/01/2004 | No. 1 Bank in Asia Selects Summit for Front-Office Trading Summit Systems today announced that Bank of China, rated largest bank in Asia*, has chosen its treasury and capital markets solution to run the Bank’s interest rate front-office trading desk. The system went live in December 2003 and will enable Bank of China to gain a competitive advantage as the first derivatives trading desk in China. The system has been implemented in Beijing with further installations at multiple sites to provide the Bank with overseas remote access. |
| 02/12/2003 | Summit Grows Distribution Network in Asia With New Focus on Korea Summit Systems has announced that it is actively growing its distribution network throughout Asia, adding a strategic distribution channel in Seoul, Korea to its existing operations in Singapore, Hong Kong, Sydney and Tokyo. Summit is partnering with its sister company Misys Wholesale Banking Systems, who recently opened an office in Seoul. Summit is leveraging the extensive distribution network of Misys in the region with further arrangements being made with system integrators in Korea and China to achieve its goals. |
| 04/11/2003 | Summit Adds Staff in Period of Accelerating Growth New York, November 4, 2003 – Summit Systems today announced a number of management and sales additions that will help the firm position itself to take best advantage of its substantial footprint in the global treasury and capital markets arenas and a surge in market demand for cost-efficient transaction processing software. |
| 29/10/2003 | IADB Gains Power and Efficiency with Summit New York, October 29 - Summit Systems, Inc. announced today a successful "go-live" implementation of a front-to-back office system for the Inter-American Development Bank's Global Capital Markets Group. |
| 29/10/2003 | Misys Risk Management Systems Appoints New Chief Executive Officer 29 October 2003 - Michel Van Leeuwen has been appointed as chief executive officer of Misys Risk Management Systems. His promotion comes as incumbent CEO Helen O'Dea takes on a newly created divisional role of people and communications director. |
| 21/10/2003 | WestAM Focus on Investment Processes with Misys Asset Management Systems London, 21 October 2003– WestAM is implementing Apollo for Institutional Management, a best-of-breed portfolio management system, from Misys Asset Management Systems – a global solution provider for the asset management community. Apollo for Institutional Management was chosen because of its ability to support WestAM’s global asset management requirements in Europe and Asia. It will initially be used in the UK and Germany by WestLB’s asset management division to provide a fund-centric tool to support its investment management process. |
| 20/10/2003 | BankMuscat chooses Misys to deliver the Gulf region's first online trade finance service London, 20 October 2003 - BankMuscat has announced the official launch of Bank Muscat e-Trade, its new online trade finance service based on Misys Trade Innovation eBanking technology. The live implementation of Trade Innovation eBanking at the bank's headquarters in Oman extends its trade finance business to customers via Internet access in real time. The high levels of straight-through processing (STP) will drastically reduce duplication of effort, diminish risk and result in major cost savings for the bank. Launched initially on a trial basis, twenty clients had already registered for the trial within just two months, demonstrating the huge demand in the region for such services. The official launch means the service will now be fully available to the Bank's entire client base. |
| 15/10/2003 | Misys Asset Management Systems Improve its Portfolio Management System for Private Clients London, 15 October 2003 - Misys Asset Management Systems Ltd, a global solution provider for the asset management community, today announced the release of a new version of the award winning Apollo for Personal Wealth Management - its portfolio management system for managers of private clients. The improved version delivers greater insight, control and flexibility to the investment manager and provides greater analytical capability through one centralised interface - minimising risk and increasing performance. |
| 13/10/2003 | Misys Wholesale Banking Systems to showcase new Global Processing solution at Sibos 2003 London, 13 October 2003 - Misys Wholesale Banking Systems today announced the launch of its MidasPlus Global Processing solution that enables international banks to transfer business systems and operations management to a single, central point of control. Through consolidating their operations in a single, centralised global hub environment, banks can significantly reduce costs and streamline business processes. The solution, which is being adopted by Bank of India and Industrial and Commercial Bank of China (ICBC), will be delivered during 2003 and will be on show for the first time at Sibos 2003 in Singapore 20 – 24 October. |
| 25/09/2003 | Misys Risk Management Systems grows global team to reinforce commitment to risk market 25 September 2003, Misys Risk Management Systems today announced a series of senior global appointments focused on increasing the company’s expertise and share of the risk management market. |
| 22/09/2003 | Bank of Hawaii goes live with Misys’ Trade Innovation and Trade Innovation eBanking London/New York, September 22, 2003. Bank of Hawaii has now gone live with both Trade Innovation and Trade Innovation eBanking from Misys Wholesale Banking Systems. The bank is the first to go live using both solutions, combining a browser-based remote corporate access front-end with a comprehensive trade finance back-end system so offering their customers a distinct advantage over their competitors. Tangible business benefits will include improved operating efficiencies and cost reductions, as well as enhanced customer service and convenience. |
| 05/09/2003 | Summit launches a new flagship solution to drive user productivity and speed up transaction processing Summit Systems has today announced the launch of Summit FT. This newly developed solution is the flagship product for the company and has been designed to enable treasury and capital market firms to drive user productivity and speed up transaction processing. Building upon 13 years of market experience and software development expertise, Summit FT has been designed to exploit the latest web and thin client technologies. It provides instant delivery of real-time information and services across the Fixed Income, Treasury, Derivatives and Commercial Lending markets. Summit FT gives financial institutions the processing power to handle and analyse today’s global portfolios and complex transactions. |
| 01/09/2003 | Misys to co-host IAS conference in Luxembourg Luxembourg, 1 September 2003. Misys Wholesale Banking Systems announced today that it is co-organising a conference with the International Accounting Standards Board (IASB) to be held in Luxembourg on Thursday 25 September 2003. Following directly after the IASB committee meetings with world standard setters and national representatives, on 22 and 23 September respectively, the event will be an ideal opportunity for financial institutions to get the latest updates and discuss the burning issues relating to International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) in Europe and worldwide. |
| 28/08/2003 | Misys Signs Major Banking Software Contract with WestDeutsche Landesbank Misys plc (Misys) subsidiary, Summit Systems Inc. (Summit), has signed one of its largest banking software contracts with The Global Financial Markets division of Westdeutsche Landesbank (WestLB). The bank selected Summit for a major consolidation of its systems environments in its London, Düsseldorf, Tokyo and New York offices. The phased implementation, that has commenced with a successful ‘go-live’ in London, will conclude in Q1 2004. |
| 04/08/2003 | Leadbank plc selects Misys Lagos, 04 August 2003. Leadbank plc has chosen Trade Innovation from Misys Wholesale Banking Systems to consolidate data and increase efficiency in its trade finance operations. Leadbank plc, founded in 1989 and specialised in investment and corporate banking, has recently opted for Trade Innovation to take its superlative service to the next level, citing its ease of use and speed of implementation as major reasons for the decision. The excellent relationship between Leadbank and Misys, already established by the implementation of Bankmaster, Misys' retail banking solution, was also a key factor. |
| 23/07/2003 | Lateko Bank selects Misys London, Riga, 23 July, 2003 - Misys Wholesale Banking Systems today announced that Lateko Bank, one of the leading banks in Latvia, has chosen Misys' OPICS to provide complete coverage and increase the efficiency of its front-to-back-office treasury operations. The contract provides the bank with web access that will deliver self-service, fast access and 24/7 availability to corporate customers. The single platform facilitates straight-through processing (STP) of a full range of treasury instruments in real time. |
| 08/07/2003 | Nordea selects Misys Trade Innovation for trade finance London, 8 July 2003 - Misys Wholesale Banking Systems is pleased to announce that Nordea, the largest financial services group in the Nordic region, has selected Misys' Trade Innovation to provide comprehensive workflow management and complete integration for its operations in Singapore. |
| 28/05/2003 | Misys CMS Launches New Standing Settlement Instruction Service London, 28 May 2003. Misys Wholesale Banking Systems today announced the launch of its Standing Settlement Instructions (SSI) web-based maintenance and notification service developed by its CMS product division. This service offers an efficient, low cost, maintenance tool that helps corporate investment managers, brokers and banks manage risk and achieve straight-through processing (STP). |
| 27/05/2003 | Veolia Environnement Leverages Summit's Transact ASP New York, NY, May 27, 2003 — Summit Systems, Inc., a wholly owned subsidiary of Misys plc, today announces that it has been awarded a contract by Veolia Environnement (formerly Vivendi Environnement), the Paris-based utilities firm, for use of Summit’s Transact ASP service. Transact will provide front and middle office support for Veolia’s corporate treasury operations. |
| 27/05/2003 | China’s largest state-owned bank signs global hubbing contract with Misys London, 23 May 2003. Misys Wholesale Banking Systems today announced it has won a global deal with the Industrial and Commercial Bank of China (ICBC), the major bank based in Beijing. The contract, for both Midas and Trade Innovation products, licenses the bank to run up to 15 international branches from a single Overseas Data Center hub, enabling them to benefit from increased operational efficiency and lower costs. |
| 23/05/2003 | Summit Leaps Forward With v3.5 New York, NY, May 23, 2003 — New York-based Summit Systems, Inc. announced today the availability of the latest release of the firm’s integrated STP transaction platform for fixed income, treasury, derivatives, and commercial lending businesses. |
| 22/05/2003 | Philippines Savings Bank selects Misys OPICS to streamline treasury operations Manila, 22 May 2003. Philippines Savings Bank (PSBank) has selected OPICS, the treasury and capital markets solution from Misys Wholesale Banking Systems, to continue the improvement of its IT infrastructure by reducing risk and increasing efficiency. |
| 19/05/2003 | Summit Links Internal and External STP New York, NY, May 19, 2003 — New York-based Summit Systems, Inc. announced today enhanced capabilities for the seamless integration of its rules-based internal STP business processes with the various external services and industry utilities that institutions increasingly rely upon. |
| 14/05/2003 | Nordea implements Midas Lending solution from Misys 14 May 2003. Misys Wholesale Banking Systems is pleased to announce that Nordea, the largest financial services group in the Nordic region, is implementing the Midas Lending solution to support corporate and syndicated lending business at its head offices. |
| 13/05/2003 | Banca Akros Adds FX From Summit’s ASP Service New York, NY, May 13, 2003 — Milan-based Banca Akros SpA, the investment banking arm of Banca Popolare di Milano Group, has selected Summit's Transact ASP platform for FX cash and FX option trading, market making, and risk management activities. The new FX capabilities join the interest-rate derivatives processing services Transact ASP currently provides to the bank. Summit replaces an internal FX trading application and a well-known FX options trading software product. |
| 07/05/2003 | Latest Summit Innovation Is a MUST New York, May 7, 2003 — New York-based Summit Systems, Inc. announced today the availability of a new innovation that allows easy modeling and precision pricing of highly customized and sophisticated exotic instruments. |
| 28/04/2003 | The Bank of East Asia selects Misys’ Trade Innovation for it trade finance operations Hong Kong, April 28th – Misys Wholesale Banking Systems announced today that The Bank of East Asia (BEA), the largest independent bank in Hong Kong, has selected Misys’ Trade Innovation solution for its head office’s trade finance business. The software will assist in streamlining BEA’s trade finance operations through enhanced efficiency and better use of resources. |
| 22/04/2003 | Misys acquires Crossmar® Matching Service (CMS) from Citicorp Misys plc, the global software products and solutions company, today announces it has acquired Crossmar® Matching Service (CMS) from Crossmar, Inc., a subsidiary of Citicorp. |
| 14/04/2003 | State Bank of India goes live with Misys’ Midas and Trade Innovation in 3 months London, 14 April 2003 – Misys Wholesale Banking Systems today announced that State Bank of India has gone live with its Midas and Trade Innovation products for the bank’s Singapore operations. The new systems will help the bank to meet the new SAS 33 accounting requirements and automate reporting to the Monetary Authority of Singapore. They will also strengthen internal controls and enable the bank to meet all the necessary compliance standards. |
| 14/04/2003 | JBWere selects Misys Asset Management Systems Melbourne, Australia; London, England: 14 April 2003 – JBWere, a leading Australian investment house, has selected Apollo for Personal Wealth Management from Misys Asset Management Systems Ltd, a global solution provider for the asset management community. Apollo for Personal Wealth Management, a portfolio management system, is to be implemented by JBWere’s retail division and will support a number of retail products, beginning with Portfolio Advantage –a wrap service for investors with US$60,000 or more to invest. |
| 03/04/2003 | The Caisse D'Epargne Group Expands with Summit New York, Apr. 3, 2003 — Paris-based Caisse Nationale des Caisses d'Epargne (CNCE), the central institution of the Caisse d'Epargne Group, has selected Summit Systems to provide front- and middle-office support for processing the Group’s financial transactions. With a license for 150 users, Summit will provide advanced real-time trading and risk management capabilities for CNCE. System rollout is scheduled to begin this fall. |
| 26/03/2003 | Arab National Bank goes live with OPICS London, 26 March 2003. Misys Wholesale Banking Systems has announced the successful installation of its OPICS front-to-back office treasury management system at Arab National Bank in Riyadh and London. With OPICS in place, the bank is now able to support a wider range of treasury products, including those developed for the specific and often complex needs of the Islamic market. Other benefits include reduced operational risk and the ability to introduce new products more rapidly in a highly competitive market. |
| 24/03/2003 | Misys signs significant banking software contract with Bank of India Misys plc has today signed one of its largest banking software contracts in Asia, with Bank of India. |
| 12/03/2003 | Misys helps Dubai Bank meet rapid launch date with Bankmaster solution Misys Retail Banking Systems has announced that Bankmaster is the core retail banking solution being used by Dubai Bank, the first bank to be launched in the UAE in over two decades. The Misys solution was chosen because of its market-proven track record, robustness and the ability to expand rapidly to incorporate new services. Misys worked closely with the bank and other vendors to ensure that the IT infrastructure met the tight launch deadline of just four months from project go-ahead. |
| 04/03/2003 | New structure and management team to strengthen Misys presence in banking software markets
Misys plc today unveiled a new structure, together with a strengthened management team, to position its Banking and Securities Division for the next phase of growth. |
| 18/02/2003 | Bank of Hawaii to Implement Misys Trade Innovation and Trade Innovation e-Banking Products New York, NY, February 18, 2003 - Misys International Banking Systems announced today that Bank of Hawaii Corporation has licensed its Trade Innovation and Trade Innovation e-Banking products. This software will be used to manage the bank's international trade finance activity, which will result in improved operating efficiencies and cost reductions, as well as enhanced customer service and convenience. |
| 10/02/2003 | AS Sampo Pank facilitates rapid retail banking expansion with Equation upgrade from Misys London, 10 February 2003 - Misys International Banking Systems today announced that AS Sampo Pank in Estonia, is upgrading its existing Equation retail banking solution to support the significant growth of its retail customer base. |
| 05/02/2003 | Misys Asset Management Systems launches Quasar 6 Misys Asset Management Systems Ltd, a global solution provider for the asset management community, today announced a new version of Quasar - Quasar 6 - the proven back office solution. The evolution of Quasar delivers improved business workflow, flexibility, usability, and unrestricted open-data access within the Quasar-related operational and business environments. |
| 27/01/2003 | Bank Turan Alem selects Misys International Banking Systems for Trade Finance Misys International Banking Systems, one of the world’s premier suppliers of solutions to the global banking industry, has applied its experience and knowledge to develop a range of solutions to help banks meet International Accounting Standards. |
| 13/01/2003 | ADB Ascends with Summit New York, Jan. 13, 2003 — The African Development Bank (ADB) today announced the live rollout of a front-to-back OTC derivatives and fixed income solution in the bank’s treasury and accounting groups at the bank’s headquarters office in Abidjan, Ivory Coast. ADB’s front-to-back instrument support encompasses bonds, FX, money markets, FRAs, futures, swaptions, and caps/floors. The bank also licensed Summit’s credit risk analysis module. |
| 13/12/2002 | Misys helps banks meet International Accounting Standards Misys International Banking Systems, one of the world’s premier suppliers of solutions to the global banking industry, has applied its experience and knowledge to develop a range of solutions to help banks meet International Accounting Standards. |
| 02/12/2002 | Summit v3.4 Answers the Call for Powerful STP New York, Dec. 2, 2002 — Summit Systems today introduced Version 3.4 of its modular product suite, which allows more flexibility and power from the firm’s broad array of real-time STP business modules. The release strengthens the company’s claim of providing the most robust front-to-back transaction processing capabilities available for capital markets participants with fixed income, treasury, derivatives, and commercial lending operations. |
| 28/11/2002 | Misys Asset Management Systems improves Apollo for Personal Wealth Management Misys Asset Management Systems Ltd, a global solution provider for the asset management community, today announces the release of a major new version of Apollo for Personal Wealth Management – its portfolio management system for managers of private clients. |
| 26/11/2002 | Misys International Banking Systems and SWIFT sign Memorandum of Understanding to develop and promote new SWIFTNet services Misys International Banking Systems today announced the signing of a Memorandum of Understanding with SWIFT, the secure financial messaging cooperative, strengthening the existing partnership between the two organisations. Under the terms of the agreement, Misys will work closely with SWIFT to define, develop and market new value added services and products based on SWIFTNet, SWIFT's advanced IP-based messaging service. The two organisations will also share high-level information regarding trends in the marketplace and in identifying mutual opportunities. |
| 26/11/2002 | Doha Bank signs with Misys for e-Banking and middleware platforms Doha Bank, Qatar’s largest privately owned commercial bank, today signed with Misys International Banking Systems (Misys) for the provision of iPortal e-Banking and Meridian middleware platforms. Doha Bank has been at the forefront of multi-channel delivery of customer services within Qatar. The bank has the largest network of ATMs in the country and offers a variety of services using wireless technology, such as INFOVEST which allows investment tracking and stock alerts. |
| 18/11/2002 | Misys International Banking Systems celebrates 100th Trade Innovation implementation London, 18th November 2002 -- Misys International Banking Systems today announced that UCO Bank Singapore has gone live with its Trade Innovation trade finance solution. UCO Bank went live in a record timeframe of just five months on all products – including import and export letters of credit, inward and outward collections, standby letters of credit, guarantees and bills financing. To celebrate the 100th customer site, and the 10th bank in Singapore to use Trade Innovation, Misys recently presented Mr R. K. Mukherjee, Chief Executive of UCO Bank with an award at the bank’s offices in Singapore. |
| 13/11/2002 | Misys Asset Management Systems launches Altimis in the UK Misys Asset Management Systems Ltd, a global solution provider for the asset management community, today announces the launch of Altimis - an end-to-end portfolio management system aimed exclusively at the UK specialist private client investment management and stockbroking sector. |
| 07/11/2002 | Cosmo Securities Go Live with Market Trader in Japan Hot on the heels of new Japanese client Maeda Securities, the Misys Securities Trading Systems (Misys) partnership with Fujisoft KCS has achieved further success as Osaka based Cosmo Securities Co Ltd, goes live on the Misys’ Market Trader trading platform. |
| 04/11/2002 | FinanzAttiva Climbs Higher With Summit New York, Nov. 4, 2002 — Milan-based FinanzAttiva Sim, part of the Banca Popolare di Bergamo-Credito Varesino banking group, has added support for exotic equity swaps and complex structured bonds to its existing STP suite of Summit front-to-back office applications. |
| 28/10/2002 | UBM Adds STP With Summit New York, Oct. 28, 2002 — Milan-based UniCredit Banca Mobiliare (UBM), part of UniCredito Italiano Group, Italy’s largest investment bank, completed a strategic milestone by updating its existing front-to-back Summit infrastructure. The bank has added the latest and most advanced real-time STP capabilities, real-time hedging, credit and commercial lending instrument support, and a new Internet toolkit. |
| 24/10/2002 | Significant Enhancements to Market Trader in Europe Misys Securities Trading Systems (Misys) continues to deliver significant improvements to its front office suite of products. Most importantly, the latest release of Market Trader is now integrated with Market Watch, Misys’ real time, multi-market trading room data information integration and distribution system. In addition to support for the London Stock Exchange and Xetra, Market Trader offers trading, position keeping and order management support for all Euronext exchanges. The new version also supports connectivity to the London Stock Exchange RSP Gateway and full function wave trading capabilities. |
| 24/10/2002 | Misys International Banking Systems Announces Porting Agreement to Address Banks’ Messaging Needs with Sun Microsystems London, 24th October 2002. Misys International Banking Systems today announced a development and marketing agreement with Sun Microsystems, Inc. (NASDAQ: SUNW) to promote its global messaging hub for international banks. The solution, which runs on the highly scaleable and reliable Sun platform, is designed to help banks adopt global message processing, enabling them to enjoy benefits such as reduced operating costs and tighter risk control. The solution is expected to be available during the first quarter of 2003 from Misys. |
| 23/10/2002 | Misys International Banking Systems Signs Agreement with Prime Associates To Market Prime’s BSA Reporter Application New York, 23rd September 2002. Misys International Banking Systems, one of the leading suppliers of banking solutions to the global banking industry, has signed an agreement with Prime Associates, Inc. to jointly market Prime’s anti-money laundering application. |
| 22/10/2002 | Danske goes global with Summit New York, Oct. 21, 2002 — Copenhagen-based Danske Bank today announced a major addition of front-office modules to its existing Summit STP back-office software infrastructure, encompassing the bank’s users sites in London, New York, Copenhagen, Helsinki, Oslo, and Stockholm. New capabilities include real-time/high-volume forex trading, a real-time incremental hedge position server, advanced tools for customizing applications, real-time STP workflow monitors, and license support for a total of 275 concurrent users. |
| 18/10/2002 | UniCredito Italiano Bank (Ireland) plc goes live with OPICS Treasury & Capital Markets Solution from Misys Dublin, 18 October 2002 Misys International Banking Systems has announced that UniCredito Italiano Bank (Ireland) plc has successfully implemented Misys’ OPICS solution for all the bank’s front and back office functions in Dublin. The OPICS solution installed at UniCredito Italiano Bank (Ireland) plc includes support for products such as foreign exchange, deposits and loans, fixed income, financial futures, internal deals, swaps and repurchase agreements. The successful configuration and implementation of the system was conducted over a five month period by a team of UniCredito/USI staff and Misys consultants. |
| 07/10/2002 | Windows in Financial Services Features 19 Industry Leaders Participating in STP and OpRisk Forums New York, Oct. 7, 2002 "Two of the most consistently talked about areas that our readers in the wholesale capital markets deal with, from an financial/IT perspective, are STP and operational risk," said Joe Viviani, publisher of Windows in Financial Services magazine. "The two Microsoft-sponsored Leaders Forums in our fall issue on straight-through processing and operational risk address both areas." |
| 03/10/2002 | Midas Trust Accounting Package extends breadth of Misys’ range Geneva, 3rd October 2002. Misys International Banking Systems has announced the launch of Midas Trust Accounting Package at Sibos 2002. The solution can be integrated within Midas, Misys’ market-leading solution for international wholesale, corporate and private banking, or provided as a stand alone solution for non-Midas customers. The trust accounting software is being provided by Channel Islands-based Dataview, a leading provider of trust and company administration technology and a wholly owned subsidiary of the Sigma Group. |
| 02/10/2002 | Misys International Banking Systems Signs Agreement with IDOM, Inc. Geneva, 2nd October 2002. Misys International Banking Systems, one of the leading suppliers of banking solutions to the global banking industry, has signed a non-exclusive agreement with banking automation leader, IDOM, Inc. to jointly market IDOM’s regulatory reporting and documentation & compliance management solutions. |
| 02/10/2002 | Significant number of CLS banks already supported by Misys Geneva, 2nd October 2002. Misys International Banking Systems, a CLS registered vendor, has today announced that a significant percentage of the world’s foreign exchange banks are in poll position to take advantage of CLS (Continued Linked Settlement), having adopted CLS software from Misys. This follows the recent announcement from CLS that the service for its 60 core members is now ‘live’, with third party banks expected to be added soon. Approximately 100 bank branches have already licensed CLS software from Misys. |
| 01/10/2002 | Midas Compliance Watch helps banks to prevent money laundering Geneva, 1st October 2002. Misys International Banking Systems has introduced Midas Compliance Watch, a solution that enables banks to implement effective anti-money laundering strategies and comply with growing legislation. Recent world events has focused considerable attention on this area. The solution, which helps banks to detect suspicious transactions as well as individuals or companies on lists of known criminals or terrorists, is being launched at Sibos 2002 and will be available for first client delivery from the end of this year. |
| 30/09/2002 | MidasPlus brings the benefits of Web services to the banking world Misys International Banking Systems has today announced that Midas, its banking solution for international wholesale, corporate and private banking, is being re-engineered to support Web services. The resultant new product – which is known as MidasPlus – brings together the best of two worlds: the robustness and proven experience of Midas, which is used by over 800 banks worldwide, together with the benefits of Web services, including reduced risk and operating costs, as well as improved customer service. MidasPlus, which is being demonstrated on stand no K304 at Sibos 2002, will be available to customers from mid-2003. |
| 20/09/2002 | Misys Securities Trading Systems Launch Inventory Manager Misys Securities Trading Systems (misys) announced their new solution, Inventory Manager at a recent launch event held at the offices of Oracle. |
| 19/09/2002 | Misys plc acquires Eagleye asset management compliance software Misys plc, a global provider of software applications to the international banking, US healthcare and UK financial services sectors, has acquired Eagleye Solutions, a supplier of compliance software for the asset management industry. |
| 16/09/2002 | Misys technology helps the National Australia Bank reach 93% STP The National Australia Bank in the City of London has announced that it is now achieving an impressive straight-through processing (STP) rate of 93% for all foreign exchange and money market transactions. This has been made possible by the implementation of Meridian Link as part of the Equation SWIFT Message Management from Misys International Banking Systems. The system has been live for some time and the bank is already recouping its initial investment. |
| 13/09/2002 | New Appointment of Director of Strategy Misys Securities Trading Systems (Misys) announces the appointment of Gareth Bevan to the position of Director of Strategy. |
| 14/08/2002 | FCTM Licenses Summit for Derivatives & Risk Management Sydney, August 14, 2002 — First Chicago Tokio Marine Financial Products Co., Ltd (FCTM), a joint venture between Bank One Corp. and Tokio Marine and Fire Insurance Co., announced a decision to implement front-to-back modular software solutions from Summit Systems. |
| 06/08/2002 | Misys Asset Management Systems appoints new sales and marketing directors Misys Asset Management Systems is pleased to announce the appointment of two new directors. Peter Miller joins as Sales Director and Peter McKenna as Director of Marketing. This is part of the Company's move into the supply of front office technology to the Asset Management industry. Misys Asset Management Systems is already known for its leadership position in back-office systems for the Asset Management sector. |
| 06/08/2002 | The World Bank Builds a Foundation with Summit New York, NY, August 06, 2002 – The World Bank’s Treasury Department today announced the rollout of a major back office system supplied by New York-based Summit Systems, a subsidiary of Misys plc. Supporting a wide range of instruments—bonds, money markets, repos, mortgage-backed securities, interest-rate derivatives, futures and listed options—the new back office system provides the infrastructure necessary for the bank’s proprietary trading activity, third-party trades, and other investment activities. |
| 25/07/2002 | Summit Systems, Inc. and CoVision Capital Group Team Up to Service Hedge Fund Managers Summit Systems, Inc., widely recognized as a leading provider of integrated trading, risk management, and STP operation solutions for major global financial institutions, has formed a strategic alliance with the investment management firm CoVision Capital Group, LLC to create a full-featured investment platform specifically geared to hedge funds. The platform, which extends a robust, integrated technology and operating infrastructure previously seen only by traders at premier financial institutions, will be available exclusively through CoVision beginning the third quarter of 2002. |
| 18/07/2002 | Misys Banking and Securities Division to be led by new CEO Ivan Martin is to be the new CEO of the Misys Banking and Securities Division. He takes up his post in early August. |
| 18/07/2002 | Misys plc today announces three appointments to its main Executive Board. Ivan Martin, newly-appointed as CEO, Banking and Securities Division, Tom Skelton, CEO Misys Healthcare Systems and Jasper McMahon, Director of Business Development, are all appointed with immediate effect. |
| 28/06/2002 | Misys Celebrates 10 Years in Moscow Misys plc – one of the world’s largest suppliers of banking software solutions – is celebrating a decade of supplying financial institutions throughout Russia and the Baltic states. |
| 07/06/2002 | PBCom acquires Trade Innovation and Midas Loans solutions from Misys-IBS Manila, 7 June 2002. Misys International Banking Systems, Inc. (Misys-IBS) remains as the preferred banking solutions provider in the Philippines as it wins another order for its Trade Innovation and Midas Loans solutions this time for PBCom (Philippine Bank of Communications). |
| 29/05/2002 | Misys-IBS and SWIFT to deliver Treasury STP following integration of Accord with Meridian Link London, 29th May 2002. Misys International Banking Systems (Misys-IBS) has announced the successful completion of a joint development that delivers unparalleled STP rates for Misys-IBS customers. The development integrates SWIFT’s confirmation matching solution, Accord, with Misys-IBS’ financial messaging solution, Meridian Link. |
| 23/05/2002 | SEB standardises on Misys-IBS London, 23rd May 2002. Skandinaviska Enskilda Banken (SEB) has gone live with the first phase of implementation of the OPICS Treasury & Capital Markets solution supplied by Misys International Banking Systems (Misys-IBS). SEB has chosen to standardise on OPICS to support the treasury operations of its Stockholm Head Office, as well as those of its network of international branches across the world. OPICS will provide the bank with a consolidated back-office system to handle the processing of all its derivatives trades on a global basis. |
| 21/05/2002 | Western Australia Builds for the Future With Summit Sydney, May 21, 2002 — Western Australian Treasury Corporation (WATC) went live on March 31, 2002 with Summit front and middle office modules. The modules provide WATC — the central borrowing authority of the State of Western Australia — with leading-edge capabilities seamlessly integrated with existing software systems. Summit provides comprehensive support for a diverse array of trade types, including bonds, repos, IR derivatives, futures, FRAs, money markets, FX, and FX options. |
| 15/05/2002 | Summit v3.3 Continues Focus on New STP, Web Trading, and Technology Capabilities New York, May 15, 2002 — The latest version of Summit Systems' market-leading transaction processing modules provides a host of new business and technology benefits, with continuing emphasis on STP, Web-based trading, and technology infrastructure. |
| 25/03/2002 | Misys Securities Trading Systems enters into Marketing Partnership Fresh on the heels of its successful start to the year, Misys Securities Trading Systems has entered into a marketing partnership with Fujisoft KCS to promote its securities trading platform, Market Trader, to the Japanese domestic securities industry. |
| 20/03/2002 | Misys creates new business to focus on retail banking systems London…20th March 2002. Misys plc today announces the creation of a new retail banking unit to focus on one of the fastest growing segments of the banking IT market. As part of Misys International Banking Systems, it will be the largest vendor of retail banking systems outside the United States. |
| 06/03/2002 | Misys signs a Pan-African Agency Agreement with ebis Johannesburg 6 March 2002. Misys International Banking Systems, one of the world’s leading suppliers of IT solutions to the banking and financial services industry is pleased to announce a pan-African Agency Agreement signed with ebis. ebis is currently the largest IBM midrange hardware and software distributor to IBM business partners operating in Sub-Saharan Africa. |
| 05/03/2002 | Banca Transilvania launches electronic banking services using Misys London, 5th March 2002. Banca Transilvania, one of Romanias leading regional banks, has selected Misys International Banking Systems (Misys) Fontis solution as the platform for the advanced e-banking and cash management services offered to its extensive client base. |
| 27/02/2002 | Banco de Bogotá Revamps Front-to-Back Infrastructure with Summit New York, Feb. 27, 2002 — Banco de Bogotá, Colombia's second largest bank, has signed with Summit Systems to provide a complete front-to-back platform for their fixed income and treasury operations. A progressive organization in the South American financial arena, the bank will replace several legacy systems with Summit's integrated transaction platform in its Bogotá, Colombia headquarters office. |
| 26/02/2002 | Rietumu Banka selects Misys London…26th February 2002. Rietumu Banka, one of the most dynamic of Latvia’s new breed of banks, has selected Misys International Banking Systems’ (Misys) Equation banking solution to replace its existing system and provide the foundation for the bank’s expanding operations. Equation will be located at the bank’s new Headquarters in Riga and will be linked to its nine other branches across the capital, in addition to branches based in Daugavpils, the second largest city in Latvia, and Liepaja |
| 19/02/2002 | Sales of OPICS, Misys London… 19th February 2002. Sales of OPICS, the advanced Treasury & Capital Markets solution from Misys International Banking Systems (Misys) have reached an all-time high, with more than 30 new-name clients having licensed the system during the last 12 months alone. |
| 14/02/2002 | Misys establishes office in Beijing for new operations in China London… 14th February 2002. Misys International Banking Systems (Misys) announced the establishment of its new office in Beijing at the end of January 2002. The company, a subsidiary of the UK-listed Misys Group, is one of the world’s largest banking solutions providers with an extensive portfolio of software systems covering treasury and capital markets, retail and corporate banking, trade finance and risk management. |
| 14/02/2002 | Bank of China goes live with Misys London 14th February 2002. To support its expanding global treasury operations, Bank of China, one of the largest of the four state-owned banks in mainland China, has gone live with Misys International Banking Systems OPICS solution at its Head Office in Beijing. OPICS is a major component of Bank of Chinas new global back-office architecture. |
| 14/02/2002 | Another win for Misys London…14th February 2002. Misys International Banking Systems (Misys) has won yet another order for its OPICS Treasury & Capital Markets solution in China, this time from China Construction Bank (CCB), which has its headquarters in Beijing, the financial capital and seat of government of the People’s Republic of China (PRC). |
| 13/02/2002 | New CEO for Misys Asset Management Systems Misys plc has appointed Chris Potts as the new Chief Executive of Misys Asset Management Systems. Chris replaces David Hughes, who has retired from the role after a decade working for Misys. |
| 11/02/2002 | Misys delivers fully integrated Risk Management solution New York, 11th February 2002. Misys International Banking Systems (Misys) has unveiled the latest version of Risk Vision, the company’s Risk Management solution, an offering which is believed to be unique. Joanne Shun, Product Management & Support Director for Misys’ Risk Management group, explains. She says, “We believe that we are the first supplier to provide a totally integrated risk management solution which delivers comprehensive support for enterprise-wide credit, market and liquidity risk management, together with global limits management. Following the Marketing Agreement signed recently with Amelia Financial Systems, we are also able to offer an operational risk capability.” |
| 08/02/2002 | NORD/LB selects Midas banking solution from Misys to support new branch operations in Helsinki London…8th February 2002. Norddeutsche Landesbank Girozentrale (NORD/LB), which has its headquarters in Hannover in northern Germany and is ranked as the country’s tenth largest bank, has selected Misys International Banking Systems’ (Misys) Midas banking system as the preferred solution for its newly-established branch in Helsinki. NORD/LB’s choice of system maintains its global IT strategy of standardising on Midas to support the business operations of its international branch network and complements the Midas solutions already implemented by the bank’s overseas branches in London, New York, Singapore, Stockholm and Vilnius. |
| 31/01/2002 | Hong Kong London… 31st January 2002. CITIC Ka Wah Bank Limited, one of Hong Kong’s leading local financial institutions, has gone live with the OPICS Treasury & Capital Markets solution in just eight months, since signing a contract with Misys International Banking Systems in November 2000. Misys won the deal in the face of strong competition from rival suppliers Reuters, Sunguard and Temenos, with their Kondor+, Infinity FX and Globus products respectively. |
| 29/01/2002 | DEPFA BANK plc Commits to Summit for Total Fixed Income, Treasury and Derivatives Support New York, Jan. 29, 2002 — DEPFA BANK has expanded its use of Summit Systems' software to a complete front-to-back solution across a wide variety of financial instruments. A client for Summit's front-office derivatives, fixed income and treasury instrument solutions since 1996, the bank signed a contract amendment that added 25 users (for a total of over 50) and a broad range of new instruments, risk management and back-office modules. |
| 25/01/2002 | Vision Solutions London. 25th January 2002. Vision Solutions, the leader in information availability management, is proud to announce that it was selected as the partner of choice by Misys International Banking Systems (Misys) to help attain ClusterProven™ status from IBM for Misys’ world-renowned banking software Midas. Vision Solutions and Misys tested their respective software solutions, Vision Suite™ and Midas, to meet the rigorous standards of IBM’s ClusterProven initiative. As a result, both Misys and Vision Solutions enjoy further validation that their solutions offer superior system availability and application resiliency, guaranteeing customers access to mission-critical data 24 hours a day, 7 days a week. |
| 15/01/2002 | Washington Mutual Goes Live with Summit New York, Jan. 15, 2002 — Washington Mutual, Inc., a large U.S. financial services company, has implemented Summit Systems' integrated transaction platform to replace and upgrade its trading and back-office systems. The initial phase of the project will support the liabilities and related derivatives positions of the bank, with a subsequent phase to support the bank's asset portfolio. |
| 09/01/2002 | OKO Bank goes live with OPICS Treasury solution from Misys London.. 9th January 2002. OKO Bank, the Central Bank for Finland’s co-operative banks and one of the country’s largest financial institutions, has gone live with Misys International Banking Systems’ OPICS solution, which has been implemented at the bank’s Head Office in Helsinki to support its treasury operations. OPICS, which went live at the beginning of September 2001, has replaced the Mpct-supplied Atlas system previously in use. |
| 12/12/2001 | Misys launches new generation Midas banking solution London… 12th December 2001. To meet the raft of new regulatory requirements and industry standards, such as CLS, STP, the new Basel Accord and T+1 settlement, which are planned for introduction shortly, Misys International Banking Systems (Misys) has announced the launch of Midas Release 4, the next generation of its popular international banking solution. As well as providing the foundation for advanced applications designed to address the requirements of Basel II and T+1 securities settlement, Midas Release 4 will include an extensive range of new functionality. |
| 07/12/2001 | Misys delivers fully integrated Risk Management solution London… 7th December 2001. Misys International Banking Systems (Misys) has unveiled the latest version of Risk Vision, the company’s Risk Management solution, an offering which is believed to be unique. Joanne Shun, Product Management & Support Director for Misys’ Risk Management group, explains. She says, “We believe that we are the first supplier to provide a totally integrated risk management solution which delivers comprehensive support for enterprise-wide credit, market and liquidity risk management, together with global limits management. Following the Marketing Agreement signed recently with Amelia Financial Systems, we are also able to offer an operational risk capability.” |
| 07/12/2001 | Misys launches Risk-to-Value, a new concept in Risk Management London… 7th December 2001. Misys International Banking Systems’ (Misys) recent launch of Risk Vision Release 5 represents considerable progress along the path from Risk Management to Value Creation in terms of architecture, performance and function. “Risk-to-Value* is a fresh approach to the concept of risk management,” says Joanne Shun, Global Product Management & Support Director for Misys’ Risk Management Group. “It is both our strategic view of the future direction that risk management within financial institutions will take, and the path that the development of our products will follow to provide the appropriate solutions.” |
| 05/12/2001 | Qatar National Bank, Qatar London, 5th December 2001. Qatar National Bank (QNB), Qatar’s largest bank, has recently signed a multi-million dollar contract with Misys International Banking Systems for the supply of a comprehensive new banking solution based on the company’s Equation retail banking platform in conjunction with Misys’ departmental treasury system, OPICS. |
| 30/11/2001 | Toronto branch of Bayerische Landesbank implements Misys’ Midas solution in record time New York, 30th November 2001. The Toronto branch of Bayerische Landesbank (BLB), Germany’s fifth largest bank, has implemented Misys International Banking Systems’ (Misys) Midas solution in record time – a mere 2 months from initial implementation to live operations. The project was spearheaded by Mr. David John, BLB’s First Vice President & Director of Information Systems, who is headquartered in the bank’s New York office. |
| 27/11/2001 | Misys International Banking Systems – first-time exhibitor at AITEC Finance IT Staff from the Johannesburg branch of Misys International Banking Systems, the world’s premier supplier of I.T. solutions to the banking and financial services industry, will be demonstrating a range of its products on Stand No. C1 at this year’s AITEC Finance IT 2001 Conference & Exhibition, which is being held in Nairobi, Kenya from 27th to 29th November 2001. |
| 27/11/2001 | Trust Bank puts its trust in Misys In a deal worth more than ZWD150 million, Trust Bank, one of Zimbabwe’s leading banks, has entrusted support of its international banking operations to Misys International Banking Systems (Misys), one of the world’s leading suppliers of IT solutions to the banking and financial services industry. Trust Bank has licensed the Equation retail banking solution from Misys, in addition to Trade Innovation to automate its international trade finance business. |
| 27/11/2001 | Zimbabwe’s ReNaissance Merchant Bank signs up for Misys’ Equation solution ReNaissance Merchant Bank, which has its headquarters in Harare, has licensed Misys International Banking Systems’ Equation solution to support its recently-established banking operations. The contract for Equation, which was signed in October 2001, includes applications to handle the bank’s Foreign Exchange, Money Market and Commercial Lending transactions. |
| 15/11/2001 | Misys International Banking Systems – first-time exhibitor at AITEC Finance IT At this year’s AITEC Finance IT Conference & Exhibition, Misys International Banking Systems will be demonstrating its Customer Relationship Management solution, an integral component of the company’s Branch Automation platform. David Haggett, Branch Manager of Misys’ Johannesburg office, points out, “The four principles of a successful and profitable retail banking business are simple; know your customer, know your product, give good advice and provide the best possible service”. |
| 09/11/2001 | BankMuscat goes live with Misys London…9th November 2001. BankMuscat, Oman’s premier banking group, has gone live with Trade Innovation, just six months after signing contracts with Misys International Banking Systems (Misys) to install the system; even more impressive is the exceptional increase in throughput and the reduction in processing times achieved by the bank’s Trade Finance & Overseas Credit Department since implementing Trade Innovation. |
| 30/10/2001 | Fontis pcBanking solution live in the U.A.E. (Credit Agricole Indosuez Gulf is one of the latest banks to launch Fontis) Dublin, Ireland…31 October 2001 – Fontis pcBanking, the standalone e-banking solution from Misys International Banking Systems (Misys), has been implemented and officially launched in the U.A.E. by the Dubai-based Crédit Agricole Indosuez Gulf. |
| 25/10/2001 | Misys LONDON…25th October 2001. Misys International Banking Systems (Misys), the largest supplier of SWIFT message generation solutions in the world with more than 1,000 installed sites, has announced that Meridian Link, the company’s SWIFT message management solution, has been accredited with SWIFTReady GOLD status. Meridian Link’s SWIFTReady GOLD certification covering the EAI (Enterprise Application Integration) market, was awarded following a rigorous series of tests carried out by SWIFT during the past two months. |
| 23/10/2001 | Misys creates new businesses Misys plc today announced the creation of two new businesses which will focus on software solutions for the global asset management and securities trading markets. |
| 08/10/2001 | CASHSWITCH becomes ASP for Misys’ Fontis iBanking Solution in the Middle East Dublin, Ireland – 8th October 2001. CASHSWITCH, Dubai’s leading online financial services company, has licensed Misys International Banking Systems’ (Misys) Fontis iBanking solution in a deal which will make Internet banking more accessible and cost-effective for banks in the Gulf region. |
| 01/10/2001 | Misys International Banking Systems - a New Name in Banking Solutions (MKI announces change of identity) London, 1st October 2001. Misys International Banking Systems is the new brand name adopted by the premier supplier of solutions to the banking and financial services industry. The new identity follows the extensive re-branding exercise undertaken by the company, better known previously as Midas-Kapiti International (MKI). MKIRisk, together with sister companies MKI Frustum and the Credo Group will also be unified under the new Misys International Banking Systems brand name. |
| 11/09/2001 | MKIRisk to Offer Operational Risk Solution to Complement Risk Vision Suite of Products London. 11th September 2001. MKIRisk plans to offer a new Operational Risk solution to complement its current Risk Vision suite of products, which covers all the major risk categories, namely Market, Credit and Liquidity risk, in addition to Global Limits management. Having signed a Marketing Agreement with Amelia Financial Systems Ltd. for its new Operational Risk System, OR2Q, MKIRisk now has global sales and marketing rights to the solution, which is planned to become an integral component of Risk Vision. OR2Q (Operational Risk Qualitative and Quantitative) is a powerful web-based solution that as its name suggests, addresses both the procedural and quantification aspects of operational risk. |
| 27/08/2001 | The Jewel Bank Implements Fontis eBanking Solution Commercial Bank of Zimbabwe (CBZ) trading as “The Jewel Bank”, which won the Euromoney award for being the Best Bank in Zimbabwe for 1999 and 2000, has recently completed its implementation of MKI’s Fontis eBanking solution. |
| 27/08/2001 | Century Bank introduces e-Banking Johannesburg…27th August 2001. Century Bank, the innovative In-Store commercial bank, which is the latest entrant to the Zimbabwean banking market, is proving itself to be a distinctively IT-driven, customer-focused commercial bank. This is borne out by Century Bank’s proactive decision to enter the e-banking arena, and reinforced by the bank’s licensing of the Fontis Corporate Banking system. The bank, which commenced operation on the 1st of January 2001, operates 3 main business divisions, Corporate Banking, Treasury and In-Store banking through the OK and Bon Marché Supermarket retail chain. The Microsoft Windows NT-based Fontis Corporate Banking solution from Misys International Banking Systems (Misys) will serve the e-banking needs of Century’s growing corporate client base. |
| 27/07/2001 | MKI's Midas Banking System Achieves SWIFTReady Silver Accreditation Midas-Kapiti International (MKI) has been successful in achieving SWIFTReady Silver status accreditation for the latest release of Midas DBA, the company’s extensively-used international banking system, which has been implemented worldwide by more than 350 banks in over 680 locations worldwide. |
| 23/07/2001 | Misys Year-End Results show Revenue Increase for Banking & Securities Division London 23rd July 2001. Midas-Kapiti International’s (MKI) parent company, Misys plc, reported record levels of revenue and profits, plus a 17% increase in earnings per share (EPS) when the Group’s results for the financial year ended 31st May 2001 were announced last week. Group Chairman, Kevin Lomax, commented, “In the Banking & Securities Division, after a slow start to the year, demand and activity levels improved. Following three half-years where revenues had been adversely affected by Y2K, revenue in the second half advanced to an all-time record of £183m, an increase of 13% compared to the second half of 2000. |
| 19/06/2001 | New Benchmark Tests Prove MKI's Equation Solution Capable of Processing 30 million+ Accounts The latest benchmarking tests on Midas-Kapiti International’s (MKI) Equation DBA universal banking solution, which were carried out at IBM’s Customer Benchmark Centre in Montpellier, France, have verified that the company’s Equation banking solution is capable of completing end-of-day processing for over 30 mi |