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.
The alliance will enable Misys and Allustra clients worldwide to centralise and streamline their collateral operations, broaden market access, manage increases in trading volumes and optimise asset allocation.
Allustra’s product suite, Kyros, allows financial institutions to achieve fully integrated collateral and inventory management within their global risk mitigation architecture. Diverse business lines and agreement types are all supported by Kyros, including modern, innovative margining structures, emerging market trading, collateralised lending and prime brokerage, as well as traditional OTC and Repo collateralisation.
Mark James, Managing Director of Allustra comments,
“Collateral management is emerging as the most practical and efficient way to mitigate counterpart credit risk and Kyros is the ideal solution to meet the demands of this rapidly growing market. Our alliance with Misys Risk Management Systems will provide an unrivalled global presence and a strong implementation and support network for Kyros.”
Misys Risk Management Systems is part of the Banking and Securities Division of billion-pound software company, Misys plc. The division is trusted by over 1,400 financial institutions in 2,000 sites across more than 120 countries to facilitate their daily business processes.
“Collateral management has become an essential part of a financial institution’s framework for risk and regulatory compliance,” explains Michel van Leeuwen, Chief Executive Officer, Misys Risk Management Systems.
He continues, “Kyros is a highly sophisticated solution that supports reliable, high-volume processing for time-critical activities. This alliance exemplifies the best of breed product partnerships we are forging to bring our clients a comprehensive portfolio of specialist solutions to support their framework for enterprise risk management, Basel II and economic capital.”
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About Misys Risk Management Systems
Misys Risk Management Systems, part of the Banking and Securities Division of Misys plc, is focused exclusively on the provision of enterprise wide risk management solutions. Its portfolio of functionally rich and highly flexible solutions supports real time global limits and exposure management, Basel II, ALM, operational risk and economic capital.
Misys Risk Management Systems, part of the Banking and Securities Division of Misys plc, is focused exclusively on the provision of enterprise wide risk management solutions. Its portfolio of functionally rich and highly flexible solutions supports real time global limits and exposure management, Basel II, ALM, operational risk and economic capital.
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 over 6,000 people internationally.
About AllustraAllustra provides integrated, enterprise solutions for collateral and inventory management, as well as tools for trade reconciliation and multi-currency cash management. Allustra serves an extensive, increasingly sophisticated global market and offers real-time solutions based on 21st century technology. Institutions of all sizes and geographic reach wishing to achieve rapid business growth combined with cost savings and resource efficiencies can benefit from Allustra’s solutions.
Kyros is a modular, end-to-end solution for collateral and inventory management suitable for institutions of all sizes, geographical reach and complexity of business. It has the broadest coverage of margining structures and conventions available in the market and offers powerful productivity tools for collateral managers, including configurable workflow, which underpins every business process. These, enable institutions to model and adopt best practice, to meet the increasing demands for global collateralised relationships with counterparts and to observe and comply with new regulatory measures.
