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.

The original service launched in June 2004, provided corporate treasurers with a single secure portal that could handle trade execution and confirmation matching Now additional functionality is being added so that cash balance reporting and aggregation can be managed via the same portal.  Most customers deal with multiple banks and currencies on a daily basis, yet most banks require a separate service in order to manage the exchange of cash management information.  Now Misys Treasury can offer customers multi-bank and multi-currency aggregation via a single portal, using SWIFT as a backbone.

Also on the stand at Sibos, will be a demonstration of the next release of Misys Treasury.  This will offer customers additional functionality and will extend the trade management capabilities further to include corporate payments.  This will mean that customers using Misys Treasury will be able to execute and manage most aspects of liquidity management via the same portal.  The original service allowed customers to view current market prices and execute trades.   The services launched today allow customers to handle their cash management and take a view on current liquidity, which will be followed by the next release allowing customers to initiate payments.   As a result, companies will be able to form a view of their risk and position and handle compliance issues more effectively.

Mark Davies, CEO of Misys Global Managed Services comments:  “Ensuring that all trades are executed and managed efficiently is exceptionally important, both to banks and corporate customers. The Misys Treasury service offers our customers a comprehensive front-to-back office solution, so that the whole trade lifecycle can ultimately be handled via one portal.“

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

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.