LONDON, December 9, 2010 /PRNewswire-FirstCall/ --
- Latest Technology Brings Greater Flexibility and Underpins ATB's Expansion Plans
Misys plc (FTSE: MSY.L), the global application software and services company, today announces that Amsterdam Trade Bank has successfully gone live with Misys BankFusion Equation, the latest version of the Misys core banking system. The bank upgraded to the BankFusion-based solution so that it could bring new products and services to market more rapidly and meet its business expansion goals.
Amsterdam Trade Bank N.V. (ATB) is a fully-owned subsidiary of Alfa Bank, one of the largest Russian private financial-industrial conglomerates and a long-standing Equation customer. ATB functions as the financial gateway between Russia, CIS and West-European markets. The bank presents a unique combination of smooth processing of transactions, efficient products and services based on a well-established network in the banking community in these markets, offering:
- Transaction and Cash Management based on an advanced e-banking system - Corporate Finance (including Trade Finance Services, structured Commodity Finance and Asset-backed Finance) - Treasury, also products in Rouble and other CIS currencies - Corporate Lending
ATB offers multilingual staff (Russian and other CIS, Western languages) for the above mentioned products.
ATB successfully implemented Misys BankFusion Equation, the latest version of Misys Equation, in less than five months. The new version has been re-architected into an SOA environment based on Misys' revolutionary BankFusion(TM) platform. The bank now has better security and risk management capabilities and the flexibility to scale the business at the pace it requires.
"BankFusion Equation is a truly world-class solution that will bring us tangible benefits in the way we run our business and bring new products to market," states Henny te Beest, CFO and Managing Director, Amsterdam Trade Bank. "We have had a very successful partnership with Misys and this latest solution supports the future business of the bank. It gives us additional functionality for our lending requirements, as well as the flexibility to change our processes quickly and to respond to market demands more effectively."
Misys BankFusion Equation will allow ATB to bring innovative products and services to market quickly - something that would normally take months of development with existing core banking systems. The bank will also be able to tailor and modify business processes to its exact requirements, significantly improving operational efficiency.
"ATB is the first bank to go live with the ground-breaking BankFusion Equation solution," comments Al-Noor Ramji, EVP and General Manager of Misys. "We are delighted that ATB is taking full advantage of the revolutionary technology. Our Early Adopter Programme team and the bank have worked hard to go live with the solution in less than five months. The smooth transition from Equation to BankFusion Equation gives ATB a continuous migration path that minimises risk and enables them to react faster to market and customer demands while protecting its investment in the core."
About Misys plc
Misys plc (LSE: MSY.L), provides integrated, comprehensive solutions that deliver significant results to financial services organisations. We maximise value for our customers by combining our deep knowledge of their business with our commitment to their success.
Misys is a market leader in banking and treasury & capital markets, with over 1,200 customers, including all of the world's top 50 banks. Misys employs around 3,500 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 financial services industry throughout 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 Solutions for Banking and Treasury & Capital Markets +44(0)20-3320-5530 firstname.lastname@example.org Sebastian Mathews Financial Dynamics +44(0)207-269-7158 email@example.com
SOURCE Misys plc