Misys Strengthens its Transaction Banking Offering for North AmericaBy Misys Plc, PRNE
Monday, March 7, 2011
LONDON, March 8, 2011 - Misys plc (LSE: MSY.L), the global application software and
services company, today announces that it has made a significant acquisition
to enhance its Transaction Banking offering in the United States. The deal
with Gandacar Consulting Limited (GCL) includes the intellectual property,
software and expertise behind the ST-Pymnts, TradeWatch, OFAC and FinCEN
products. This deal is a key enabler in the company's strategic vision for
its business in this important market.
Misys had previously integrated the GCL solutions within its
offering and currently has 15 customers benefiting from the partnership in
the United States. Acquiring and fully integrating the software and IP into
the Misys strategic offerings and roadmaps will provide a great opportunity
for banks looking to improve their global footprint.
GCL's experience of US domestic payments, including FED and
CHIPS (the Federal Reserve's Fedwire funds transfer service and the Clearing
House Interbank Payment Systems) complements Misys' deep global knowledge of
payments hubs and connectivity to SWIFT. GCL's US-centric payments engine
will be combined with existing Misys international payments capabilities so
that not only will US-based banks now have an easier path to international
expansion but also non-US banks can add US connectivity to their
international payments processes.
"We are extremely pleased to be able to bring these capabilities under a
single roof and enable Misys to offer more comprehensive transaction banking
and payment solutions to our customers as part of our portfolio," states Amar
Naher, Regional Sales Director Banking, North America, Misys. "We have
significant experience in both international and domestic payments services
and technology and this will help to further enhance those offerings. We now
have a US payments engine over which we have total control for all our core
systems available for North American banks, paving the way for our
transaction banking solutions to penetrate the US market further."
Completed on 1 March 2011, the deal significantly opens up the
US market to Misys, which now has a broader front-to-back solution for the
transaction banking market there with certified connections to FED and CHIPS.
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
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 firstname.lastname@example.org Sebastian Mathews FD +44(0)20-7269-7158 email@example.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, FD, +44(0)20-7269-7158, sebastian.mathews at fd.com .
Tags: London, March 8, Misys plc, United Kingdom