24th July 2006 - UBS, the Swiss-based banking group, has selected Misys Midas Plus to provide a competitive edge in corporate banking products for its Wealth Management and Business Banking clients across its Asian operations. The world-leading solution from Misys Banking Systems will underpin the bank's expansion plans in the region.
Misys Midas Plus is already under implementation across Asia-Pacific, covering five international branches from a hubbed operation, based in Singapore.
Misys Midas Plus will help UBS to improve support for its corporate banking and wealth management clients. It will enable it to offer them a more varied set of products and speed up transaction processing across treasury, securities, lending and cash accounts business areas. The solution will equip the bank with stronger risk and collateral management capabilities and will enable it to create a more competitive cost structure for its operations. Corporate and private clients of the bank will see improved service and more sophisticated products, keeping UBS at the forefront of the competitive banking market.
Dermot Briody, head of core banking sales for Asia, Misys Banking Systems adds, "UBS is the latest major bank to join the community of users for the newest generation of our Misys Midas product family. Our experienced team in Asia serve over 600 client sites world-wide and have built our industry knowledge and customer network over the last two decades. We are delighted that UBS is the latest world-renowned organisation to put its trust in us and join the network."
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For further press information, please contact:
Caroline Parker
Financial Dynamics
0207 269 7295
caroline.parker@fd.com
Edward Taylor
Global Head of Public Relations
Misys Banking Systems
+44 (0) 208 486 1661
edward.taylor@misys.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
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