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.
Misys Eagleye is a stand-alone solution, which reduces operational risk by delivering accurate, timely and comprehensive information about any particular trade and alerts the organisation to potential compliance issues and breaches before they arise. Eagleye is able to test each trade against compliance rules and provide the necessary information for portfolio managers to amend the trade if any issues were highlighted.
“We chose Misys Eagleye above its competitors because it offered the best solution for our requirements”, comments Alan Ridgway, Deputy Managing Director of IKANO Fund Management. “Other systems we looked at run on older technology and we required a state-of-the-art solution to be sure that we had the flexibility to keep ahead of any regulations that may affect our industry in the future. Misys Eagleye was easily integrated with our existing systems and we are confident that it will serve us well into the future.”
Misys Eagleye has been designed to handle any financial instrument, currency, asset class and any regulatory or organisational rule. It has been developed using Microsoft’s .net technology providing greater flexibility, lower cost of ownership and enhanced scalability.
Clive Pedder, CEO Misys Eagleye, adds, “We have developed a non-intrusive solution that does not impact on the normal operations within an asset management organisation. IKANO Fund Management, can have the peace of mind that any trade that is executed by any of its 28 third party portfolio managers will stick within the guidelines and regulations set for them.”
For further information, please contact:
Edward Taylor / Jo Brice
Financial Dynamics
+44 (0) 7775 566561
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) 7775 566561
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.
