Amsterdam Trade Bank Goes Live With Misys BankFusion Equation
By Misys Plc, PRNEWednesday, December 8, 2010
Latest Technology Brings Greater Flexibility and Underpins ATB's Expansion Plans
LONDON, December 9, 2010 - 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: 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 edward.taylor@misys.com Sebastian Mathews Financial Dynamics +44(0)207-269-7158 sebastian.mathews@fd.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, edward.taylor at misys.com ; Sebastian Mathews, Financial Dynamics, +44(0)207-269-7158, sebastian.mathews at fd.com .
Tags: December 9, London, Misys plc, United Kingdom