Banco Itau Implements Misys Equation in Japan to Provide Customers With Enhanced Banking Services

Dec 12, 2007, 00:00 ET from Misys plc

    LONDON, December 12 /PRNewswire-FirstCall/ -- Misys plc (FTSE: MSY.L),
 the global application software and services company, today announces that
 Banco Itau has migrated Banespa's customers with Misys Equation in its
 Japanese operations. Banco Itau also use Misys' core banking solution,
 Midas, for its American and offshore operations.
     Following the acquisition of the customers of Banespa (Banco do Estado
 de Sao Paulo) Tokyo Branch at the end of 2006, Banco Itau immediately
 needed to manage the increase in the volume of deposits and remittances the
 additional operations brought in Japan. All Banespa's customer records and
 information from the Tokyo operations were transferred across to Misys
     Banco Itau's internal technical team was supported by the professional
 services staff from Misys and programs were developed on top of Misys
 Equation's APIs to apply the customer data online. The solution from Misys
 supports double byte names and addresses, so it was possible to transfer
 Japanese characters as well.
     Mr. Takata, Kazutoshi, General Manager Japan, Banco Itau, comments, "As
 with Itau's business, Banespa has also built a strong base of customers in
 Japan over the last 30 years, comprising both Brazilians as well as other
 Latin American nationals living in the country. Our Japanese-Brazilian
 operations have been supported by Misys Equation, from the tellers in the
 front office, through the operations centre to the back office processing.
 The rapid implementation of the additional customer accounts in Japan will
 enable us to be efficient and streamline our whole operations so that we
 can serve our customers better both in Brazil and in Japan."
     Dermot Briody, Head of Sales Asia, Misys Banking, adds, "Misys Equation
 is a perfect solution for this type of sudden increase in customer
 transactions and volumes. We have more than 30 years of experience in
 helping banks like Banco Itau to improve the services they provide to their
 customers and in accelerating the responsiveness to the needs of the
     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.
     Misys: experience, solutions, results
     Contact us today, visit:
     About Itau
     Itau Holding has a considerable overseas presence through strategically
 located facilities in the Americas, Europe and Asia, providing valuable
 synergies in trade finance, placing eurobonds, offering sophisticated
 financial transactions and in private banking activities through Banco Itau
 Europa Luxembourg. At the end of 2006, consolidated investments abroad
 totaled US$3.6 billion, including non-financial activities. The Banco Itau
 branch in Tokyo has been consolidating its presence within the Brazilian
 community in Japan. As part of its ongoing efforts to provide better
 services, Banco Itau customers can conduct internet banking transactions 24
 hours a day, seven days a week, in addition to using Bankfone Itau Japan,
 making it unique among Brazilian banks operating in that country.
     Throughout its history, Itau has combined consistent financial
 performance with attitudes that encourage ethics and transparency in the
 relationship with customers, employees, shareholders and community, in the
 search for joint solutions for social and environmental problems. In line
 with these values, Itau was the first Brazilian company to join the
 AccountAbility, an international organization established in 1995 to
 promote innovation and the spread of socially responsible practices. Among
 the initiatives of AccountAbility deserves highlight the AA1000, a set of
 guidelines relating to ethics and social responsibility subject to external
 audit. Itau was one of the first Brazilian companies to adopt the AA1000.
     Itau is also recognized internationally. In 2007, the eighth year
 running, integrates the Dow Jones Sustainability World Index (DJSI World).
 It is the only Latin American bank that participates in the index since its
 creation. Recently, the bank received five AAA+ ratings, the highest
 possible, in corporate governance, social responsibility, sustainability,
 transparency and ethics from the sustainability rating agency Management &
 Excellence. In Brazil, Itau participates in the Corporate Sustainability
 Index of Bovespa. It was also the first foreign bank with negotiations on
 the New York Stock Exchange to meet the requirements of Sarbanes-Oxley.
For further information please contact Edward Taylor Global Head of Public Relations Misys Banking +44(0)208-486-1661 Caroline Parker Financial Dynamics +44(0)207-269-7295 Banco Itau's Press Office +55-11-5019-8880/8881

SOURCE Misys plc