LONDON, June 8, 2010 /PRNewswire-FirstCall/ -- Misys plc (LSE: MSY), the global application software and services company, today announces that Bermuda Commercial Bank, the corporate and private wealth bank, has licensed Misys BankFusion Universal Banking. The new core banking solution will ensure that the services the bank provides to its customers are underpinned by the latest technology.
Bermuda Commercial Bank (BCB) offers a range of products and services to both personal and corporate clients across the world. Having benefited from the Misys Bankmaster system for several years, BCB management decided to invest in the latest solution from Misys in order to be more responsive to clients and deliver new products to the market more quickly. Misys BankFusion Universal Banking gives BCB the most modern banking solution available and provides a migration path from Bankmaster which minimises the risk of the upgrade to the bank.
Misys BankFusion Universal Banking provides banks with the flexibility to add new products and processes. Crucially for BCB, it integrates seamlessly with other systems and services. It also gives BCB a cost effective way to achieve a rapid return on investment through reduced hardware, software, deployment and operational costs.
Michael Cranfield, CIO of Bermuda Commercial Bank, comments, "We have always prided ourselves as being a leader both in terms of the variety of products we offer as well as the quality of these products. It is vital that we continually innovate and improve the way in which we operate to ensure that we meet the needs of our clients. We wanted to invest in a world-class system that enabled high quality service and BankFusion Universal Banking gives us the platform on which to grow our business and keep BCB at the forefront of technology."
The solution architecture and components of BankFusion Universal Banking enable Business Managers to engage with their IT colleagues using business, rather than technical terms. BankFusion allows business staff to understand how their requirements are implemented across the solution, enabling new products to be delivered more quickly and cost-effectively and helping to bridge the gap between Business and IT.
Horst Finkbeiner, COO of Bermuda Commercial Bank noted that "Real-time systems and fully automated and integrated operations are core to our business model. We expect that BankFusion will deliver the sort of integrated, robust solution that we require and allow our people to focus on our customers."
Rick Salk, Misys Sales Director for the Americas, adds, "Now more than ever, banks need to operate in a highly competitive and demanding environment. We are seeing an increase in the demand for high quality bank systems that are not only more responsive to customer demands, but that can also underpin growth as business expands. BCB has chosen BankFusion Universal Banking to ensure maximum flexibility and speed to market for new products and services. The new solution will provide BCB with the power to model business processes accurately and give the bank's customers the reliability and convenience of banking anywhere in the world."
About Bermuda Commercial Bank
Bermuda Commercial Bank is one of Bermuda's four licensed banks, established in 1969 and listed on the Bermuda Stock Exchange. Bermuda Commercial Bank is a corporate and private wealth bank, offering a range of services through its subsidiaries International Corporate Management of Bermuda, BCB Trust Company Limited, Bercom Nominees Limited and BCB (Mauritius) Limited. Bermuda Commercial Bank takes pride in ensuring clients' assets are safely and professionally managed at our Hamilton based office. For more information on the Bank please visit our website http://www.bcb.bm.
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 plc owns a controlling stake in NASDAQ-listed Allscripts-Misys Healthcare Solutions, Inc, a clear leader in the provision of healthcare technology, serving more than 150,000 physicians, 700 hospitals and nearly 7,000 post-acute and homecare organisations. Misys employs around 6,000 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 Solutions for Banking and Treasury & Capital Markets +44-(0)20-3320-5530 email@example.com Sebastian Mathews Financial Dynamics +44-(0)-207-269-7158 firstname.lastname@example.org Michael Cranfield Chief Information Officer (CIO) Bermuda Commercial Bank Limited 19 Par-La-Ville Rd Hamilton, Bermuda +1-441-295-5678 email@example.com
SOURCE Misys plc