New York, 5th June 2006 - Misys Banking Systems and IntraLinks, a leading provider of secure online workspaces to the financial services industry, have entered a strategic alliance to produce LenderBridge. This connector between the loan management system, Misys Loan IQ, and the IntraLinks platform will boost efficiencies for customers using both services. Deployed as a component of Misys Loan IQ, LenderBridge automates the addition and removal of lenders to and from IntraLinks while working within the Misys Loan IQ service.
Using LenderBridge to synchronise the contact information between Misys Loan IQ and IntraLinks, agent banks are able to disclose documents to lenders faster and more accurately, improving both credit and financial disclosure as well as reducing legal and operational risks. This interoperable service will solve critical operational challenges and save agent banks significant time in managing their business.
Andrew Fieweger, Vice President of Product Management at IntraLinks, comments, "As the secondary trading market has become more active, processing bank group changes has become increasingly complex. LenderBridge will help customers to keep pace by simplifying this process, enabling many participants in this trillion-dollar market to operate more efficiently."
Ken Katz, Product Manager at Misys Banking Systems, states, "Information is the lifeblood of the loan syndication market. The faster we can move information to the appropriate participants, the more responsive this market will be to its customers. LenderBridge represents an important step towards creating a straight-through processing environment for the industry and will help to speed up the agency process."
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For further information please contact:
For Misys Banking Systems For IntraLinks
Edward Taylor David Rosen
Global Head of PR Walek & Associates
+44 208 486 1661 +1 212-889-4113
edwardt.taylor@misys.com David@walek.com
Caroline Parker
Financial Dynamics
Tel : + 44 207 269 7295
caroline.parker@fd.com
About Misys Banking Systems
Misys Banking Systems supplies over 1,200 customers in over 120 countries, among them 49 of the world's top 50 banks, with software and solutions for retail banking, wholesale banking, treasury and capital markets and risk management. It has 2,600 people around the world, over 70% of whom are outside of the United Kingdom, and sales, implementation and customer support teams in over 28 countries. Misys Banking Systems is part of Misys plc.
About Misys plc
Misys plc (FTSE: MSY), the global software company, is one of the world's largest and longest-established providers of industry-specific software. Founded in 1979, Misys serves the international banking and healthcare industries, combining technological expertise with in-depth understanding of customers' markets and operational needs. In banking Misys is a market leader with over 1,200 customers, including 49 of the world's top 50 banks. In healthcare Misys is also a market leader, serving more than 110,000 physicians in 18,000 practice locations, 1,200 hospitals and 600 home care providers. Through Sesame, a wholly-owned subsidiary, the company is also a leading provider of support services to about 7,800 financial advisers in the UK. Misys employs around 6,000 people who serve customers in more than 120 countries. For more information, visit www.misys.com
Misys. Making things that really matter, work better
About IntraLinks
IntraLinks® On-Demand Workspaces™ connect business communities and accelerate the intelligent flow of information and documents among participants. Through IntraLinks' secure, neutral, online environments, companies are better able to compete globally by accelerating essential business processes, simplifying communication and fostering rapid workflow. IntraLinks is easily accessible anywhere, anytime using a web browser.
Since 1997, more than 450,000 participants representing over 35,000 organizations worldwide have used IntraLinks On-Demand Workspaces™ to communicate and collaborate on thousands of projects and transactions. IntraLinks has been adopted widely in the financial services and pharmaceutical industries, where its clients include AstraZeneca Pharmaceuticals LP, Bank of America, Bear Stearns, Deutsche Bank, FDIC, TD Securities, Thomas Weisel Partners and WestLB, among hundreds of others. Founded in 1996, IntraLinks is headquartered in New York with offices in Boston and London.
