Misys Positioned as Leader in Magic Quadrant for International Retail Core Banking
By Misys Plc, PRNEMonday, September 20, 2010
LONDON, September 21, 2010 - Misys plc (LSE: MSY), the global application software and
services company, today announces that it has been positioned by Gartner,
Inc. in the "Leaders" quadrant of the Magic Quadrant for International Retail
Core Banking* 2010.
The Gartner Magic Quadrant assesses the suitability of
international retail core banking systems providers and their solutions to
address the challenges faced by the banking industry. It evaluates each
company against the criteria of "Completeness of Vision" and "Ability to
Execute", assessing their relevance to the changing conditions of the market.
"We are delighted with our positioning in the "Leaders"
quadrant by Gartner, which we believe confirms our goal of leading the market
with our revolutionary BankFusion solutions," states Al-Noor Ramji, EVP and
General Manager, Banking at Misys. "We have had tremendously positive
feedback on our BankFusion strategy and solutions from everyone we have
approached.
"As the financial services industry emerges from one of the
most turbulent periods in recent history, banks face a multitude of
regulatory and competitive challenges. BankFusion changes the rules for
financial services organisations, allowing them to serve their customers
faster, keep ahead of their competitors and improve the way they run their
operations in ways that have until now have been impossible."
Misys BankFusion is ground breaking in the way it enables
banks to respond to changes in customer and market demand more quickly and at
lower cost. The BankFusion platform not only forms the basis for Misys' new,
technologically advanced core banking solution, Misys BankFusion Universal
Banking, it also enables financial organisations to leverage their existing
applications.
By bridging the gap between Business and IT, it ensures a
better understanding of requirements and quality of deliverables. New
products and services can be rapidly assembled and deployed, and existing
products can be repackaged and re-featured, all by trained business users,
with minimal need for IT intervention or impact to the customer and the
system.
* Gartner, Inc. Magic Quadrant for International Retail Core Banking, Don
Free, 13 September 2010
About the Magic Quadrant
The Magic Quadrant is copyrighted September 2010 by Gartner, Inc. and is
reused with permission. The Magic Quadrant is a graphical representation of a
marketplace at and for a specific time period. It depicts Gartner's analysis
of how certain vendors measure against criteria for that marketplace, as
defined by Gartner. Gartner does not endorse any vendor, product or service
depicted in the Magic Quadrant, and does not advise technology users to
select only those vendors placed in the "Leaders" quadrant. The Magic
Quadrant is intended solely as a research tool, and is not meant to be a
specific guide to action. Gartner disclaims all warranties, express or
implied, with respect to this research, including any warranties of
merchantability or fitness for a particular purpose.
About Misys plc
Misys plc (LSE: MSY), 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 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 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: London, Misys plc, September 21, United Kingdom