Home > Media > Press Releases
News about our business

Media

Erste Bank extends its cooperation with Misys Midas, thus underlining its international businesses expansion

26 March 2008 – Misys plc (FTSE: MSY.L), the global application software and services company, today announces that Erste Bank der oesterreichischen Sparkassen AG (Erste Bank) has chosen the core banking solution Misys Midas for all its international business operations having benefited from implementations in New York, London, Hong Kong and Malta for several years.

Robert Schneider, Head of Org Capital Markets at Erste Bank, comments: “The core banking system that we use across Erste Group is one of the decisive factors influencing the efficiency and professionalism of the business. Our international branch network and our customers all require modern, flexible and state-of-the-art technology, which can provide us with the continuity and stability we need. Misys’ expertise in this area and its core banking solution, Misys Midas, more than satisfy our business needs".

Erste Bank serves 16.4 million customers in Central and Eastern Europe and has a clear focus on retail banking and financial services for small and medium-sized businesses. With its strong investments into the fastest-growing economies in Central and Eastern Europe in the past ten years, the bank is focusing strongly on ensuring operational efficiency is kept high while continuing to expand.
 
Claus Schuenemann, Head of Sales for Europe of Misys, adds, “Working with the world's leading banks for over a quarter of a century, Misys has developed an in-depth industry knowledge globally and a deep understanding of our customers’ priorities.  This experience has enabled us to work closely with Erste Bank to provide the bank with the right solution for their international branch banking network.  We look forward to continuing to work alongside the team at Erste Bank and maintain a high level of service and support.”

For further information please contact

Edward Taylor
Global Head of Public Relations
Misys Banking
+44 (0) 208 486 1661
edward.taylor@misys.com
 
Sebastian Mathews
Financial Dynamics
+44 (0) 207 269 7158

About Misys plc
Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions that deliver significant results to organisations in the financial services and healthcare industries. We maximise value for our customers by combining our deep knowledge of their business with our commitment to their success. 

In banking and treasury & capital markets, Misys is a market leader, with over 1,200 customers, including all of the world’s top 50 banks. In healthcare, Misys is a market leader, serving more than 100,000 physicians in 18,000 practice locations and 600 home care providers. Misys employs around 4,500 people who serve customers in more than 120 countries.
 
We aspire to be the world’s best application software and services company, delivering results for the most important industries in the world.
 

About Erste Bank
Erste Bank was founded in 1819 as the first Austrian savings bank. Today, Erste Bank Group is with its almost 52,500 employees serving over 16 million clients in almost 3,000 branches in 8 countries one of the leading financial providers in Central and Eastern Europe. As of 31 December 2007 Erste Bank has reached 200.5 billion EUR total assets, net profit of EUR 1.174,7 million and ROE of 14.6 %.


Alerting Services | Site Map | Privacy Statement