London, 04 February 2005 – Misys Risk Management Systems today announced the major long-term deals resulting from client signings in the first half of the Misys financial year. The clients, Bayerische Landesbank (BayernLB) and Standard Bank South Africa (Stanbic) have both recently signed contracts for the Misys Risk Vision product suite. Risk Vision, was chosen by both banks following competitive tenders with all known risk vendors.
BayernLB, one of the biggest Landesbanks in Germany, selected Risk Vision, for its bank-wide consolidation of limit and exposure data management. The solution will allow BayernLB and its stakeholders to benefit from sophisticated risk evaluation tools and techniques, using Misys’ Risk Vision Data, a comprehensive risk data warehouse, and Risk Vision Exposure, its leading exposure and limit management engine.
Stanbic Bank, part of Standard Bank Group Limited, selected Risk Vision as its risk solution to provide a continent-wide platform to monitor their market and credit risk across 16 African countries.
“We’re delighted with our success in these partnerships,” explains Michel van Leeuwen, CEO, Misys Risk Management Systems. “These achievements are the result of a dedicated team, a modular suite of risk management solutions and our total client focus.”
For further information, please contact:
Misys Risk Management Systems
+44 (0)20 8879 1188
risk.marketing@misys.com
About Misys Risk Management Systems
Misys Risk Management Systems, part of the Banking and Securities Division of Misys plc, is focused exclusively on the provision of enterprise wide risk management solutions. Its portfolio of functionally rich and highly flexible solutions supports real time global limits and exposure management, Basel II, ALM, operational risk and economic capital.
Misys plc, the global software products and solutions company, serves customers in the international banking and securities, international healthcare, and UK general insurance industries. Through a wholly owned subsidiary, Sesame, it also provides business process outsourcing services to independent financial advisors (IFAs) in the UK. Misys partners with its customers to deliver outstanding IT solutions to essential industries, and employs over 6,000 people internationally
