What is global processing?

Global processing is the centralisation of separate country- or business-specific systems into a single environment. Unlike traditional hubbing approaches, global processing allows the bank to see all the data in a single coherent picture.

This unprecedented level of consolidation brings significant business benefits:

• Standardisation of business practices wherever appropriate – minimising business risk, cutting duplication of effort and resource and reducing exposure to fraud
• A single IT operating environment, located in the best place for the bank to balance cost, skills availability and any other business imperatives
• The ability to build a single, highly resilient platform to minimise operational risk
• An enterprise-wide view of the bank’s management information. In a market that operates increasingly on a world stage, this enables executives to make better informed decisions, faster than ever before
• Flexibility to explore new markets with minimal additional investment

This deep consolidation also opens up opportunities for insource or outsource strategies for the future.

The challenge

Attractive though it sounds, global processing cannot be achieved on systems unless the capability is designed in from the start. Essential characteristics include:

Concurrent support for multiple time zones and business days

• Multi-entity support
• Support for multiple base currencies
• Support for multiple languages – including multiple character sets (e.g. Arabic, Chinese)
• Support for dissimilar local regulatory environments
• The ability to manage regional variations in business practice

Misys Midas Plus meets all of these conditions and is the world’s market leading global processing banking solution, running on three continents, serving the world.