Misys Treasury reinforces its commitment to the banking community with Interbank Matching
Interbank matching module allows banks to seamlessly match its interbank trades
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.
The module allows banks without internal matching engines and which are using Misys Treasury for confirmation matching, to use Interbank Matching to capture all incoming and outgoing SWIFT confirmation messages. The service copies all MT 300 series messages for a bank, so that within minutes of a SWIFT message being generated, the status of financial terms are reported back to the bank via the web, greatly reducing the operational processing risk associated with foreign exchange dealing. From here, the messages are then matched using Misys Treasury’s real-time confirmation matching engine, so that banks can see instantly the matching results of any deal.
Misys Treasury is web-based, so all these transactions can be managed from the same portal and require no development work for implementation. To date, six banks are using Misys Treasury Interbank Matching.
Mark Davies, CEO of Misys Global Managed Services comments: “Misys Treasury’s Interbank Matching module has been very successful since its launch earlier this year. By providing financial institutions with the ability to manage SWIFT generated foreign exchange confirmation activity via the Misys Treasury portal, we are confident that both new and existing customers will want to take advantage of this new product.”
For further information, please contact:
Edward Taylor / Jo Brice
Financial Dynamics
+44 (0)20 7269 7295 / 7246
edward.taylor@fd.com or jo.brice@fd.com
Andy Coulter
Head of Marketing & Business Planning
Misys Wholesale Banking Systems
+44 208 897 1188
andy.coulter@misys.com
Financial Dynamics
+44 (0)20 7269 7295 / 7246
edward.taylor@fd.com or jo.brice@fd.com
Andy Coulter
Head of Marketing & Business Planning
Misys Wholesale Banking Systems
+44 208 897 1188
andy.coulter@misys.com
About Misys Wholesale Banking SystemsMisys Wholesale Banking Systems is a trusted provider of innovative technology solutions: over 1,000 employees in 30 offices around the world have built up the domain expertise to deliver world-class solutions with an understanding of local requirements. Misys Wholesale Banking Systems' staff are committed to developing and supporting a product family that embraces trade services, international & regional banking, managed treasury services, capital markets, confirmation matching, continuous linked settlement (CLS), multi-channel banking, commercial lending, FX trading, cash management and financial messaging.
Misys Wholesale Banking Systems is part of Misys plc’s Banking & Securities Division, which serves over 1,200 customers across more than 120 countries worldwide, including 90% of the world's top 50 banks (Source: The Banker, July 2004).
Misys plc, the global software products and solutions company, serves customers in the international banking and securities, international healthcare, and UK general insurance industries. Through a wholly owned subsidiary, Sesame, it also provides business process outsourcing services to independent financial advisors (IFAs) in the UK. Misys partners with its customers to deliver outstanding IT solutions to essential industries, and employs more than 6,100 people internationally.
