LONDON, June 16 /PRNewswire-FirstCall/ –
– Improved Customer Service as Financial Products Become Available Faster With the Pure Java, SOA-Enabled Universal Banking Solution
Misys plc (FTSE: MSY.L), the global application software and services company, today announces that Standard Bank of South Africa is the first bank to implement Misys BankFusion Universal Banking, using it to run the broad range of financial services it offers its corporate and consumer customers.
Misys BankFusion Universal Banking will be implemented in Standard Bank's Zimbabwe operations, enabling the bank to improve operational efficiency at the same time as providing a total view of all accounts and interactions it has with its customers. Critically, the bank is able to create new products without the need for complex, time consuming and costly programming, thereby ensuring that the bank can bring new products to market rapidly.
Misys BankFusion Universal Banking makes it possible for banks to meet the demands for high volume processing while continuing to meet the growing expectation of client and market requirements. It gives banks the flexibility to add new products and processes, the choice of what hardware, software and services is used and offers a significant reduction in overall technology and operational costs.
Guy Warren, EVP and General Manager, Misys Banking, comments, "This is a huge milestone for us as we welcome Standard Bank as the first customer to implement our exceptional universal banking solution. We have shown the solution to many of our other customers as well as independent market commentators with tremendous feedback. For the first time business managers can engage with their IT colleagues, focusing on the business, rather than the technology. This pure Java SOA-enabled universal banking solution is set to change the face of customer-centric banking."
Designed and built with the very latest technologies and methodologies, Misys BankFusion Universal Banking is the first solution built on the Misys BankFusion platform and enables banks to meet business challenges today as well as providing them with a foundation for the future.
New products and services can be rapidly assembled and deployed and existing products can be re-packaged easily with minimal need for IT intervention or negative impact on the customer. Misys BankFusion Universal Banking has been developed with a broad range of functional components, such as general ledger, Current and Savings Accounts, Consumer Lending, Payments, Limits, multi-currency capabilities and many others. Users are therefore able to deliver products much faster and it improves product lifecycle management.
Standard Bank Africa provides a wide range of products and services in its three divisions: Personal & Business Banking, which services individuals and small and medium-sized businesses in Africa; Corporate & Investment Banking, which provides commercial and investment banking services to larger corporates, financial institutions, international counterparties in South Africa and other emerging markets; Investment Management & Life Insurance, providing life assurance and wealth management products through Liberty Life and Standlib.
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 110,000 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.
Misys: experience, solutions, results Contact us today, visit: http://www.misys.com For further information please contact Edward Taylor Global Head of Public Relations Misys Banking +44(0)208-486-1661 firstname.lastname@example.org Sebastian Mathews Financial Dynamics +44(0)207-269-7158 email@example.com
SOURCE Misys plc