14 December 2006 - Misys Banking Systems, a global leader in banking software and solutions, today announces the strengthening of its Misys Summit and Misys Loan IQ customer communities following conferences held in London from 3 to 7 December 2006. Following the success of the US-based customer conferences held in November, more than 130 users met to network with their peers and Misys experts. Those present were able to share experiences, discuss lending and capital markets issues and challenges, and have their say in the future direction of the products.
One of the main themes of the events was collaboration, which was exemplified by the sessions devoted to customer feedback and the time allocated to encourage user input into future functionality of each product.
The Misys Loan IQ conference focused on how technology can help customers in the rapidly expanding European lending market. Ian Carter, Director, Credit Applications, Credit Risk Management at WestLB and the Misys Loan IQ User Group Chairman, comments, "The Misys Loan IQ European Customer Conference provides a special opportunity for both Misys and delegates to share information and achieve future business success."
The conference addressed the many unique aspects of the European market, including a focus on trading activity, the complexity of syndications and the growing involvement of institutional investors in the commercial loan market. To enable our customers to manage these challenges Misys has built a new module, Trader Desktop, for Loan IQ. Delegates were given a preview of the module, to be released in early 2007. Loan IQ users will use this to view and manage their positions and P&L globally in real time, significantly improving decision making and eradicating the need to double key, which is required in many other systems. Europe is also facing challenges in the regulatory area including IAS 39, Basel II, which has prompted an increased focus on compliance for the majority of those attending.
At the Misys Summit event, the key issue for customers was the rapid growth of the derivatives and structured products marketplace. Misys Summit customers were able to see the re-architected credit derivatives module and take part in sessions focused on leading-edge pricing tools and structured products functionality that will help them to take advantage of the opportunities in this market. Customers were also given a detailed overview of Version 5.2 of Misys Summit, due to be released in Q1 2007.
There was a significant focus on the roadmap and timeframe for enhancements to the product. The development capabilities of the Summit team will be strengthened still further by the recent acquisition of S.C. Fino Capital SRL, which adds over sixty Misys Summit experts to the development team. At the event a meeting was held to form the first European user group with chair and committee members appointed.
"Engaging with our customers and gaining their input is a top priority for us," comments Keith Stonell, EMEA Managing Director for Treasury & Capital Markets, Misys Banking Systems. "We pride ourselves on our excellent domain expertise, but it is critical that we understand the requirements of our customers in such a fast moving market. Customer conferences are an essential vehicle for gaining input into our product roadmaps, feedback on our strategy and additional insight into the issues that are affecting our customer base. This valuable input enables us to continue to improve the effectiveness of our products and services and provide our customers with the technology that gives them a competitive advantage now and in the future."
The dates and venues for the next conferences are as follows:
- Misys Opics and Opics Plus: Bali 15-17 January 2007
- Misys Opics and Opics Plus: Manila 18-19 January 2007
- Misys Summit: Macau 22-24 January 2007
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For further information please contact
Edward Taylor
Global Head of Public Relations
Misys Banking Systems
+44 (0) 208 486 1661
edward.taylor@misys.com
Caroline Parker
Financial Dynamics
+44 (0)207 269 7295
caroline.parker@fd.com
About Misys Banking Systems
Misys Banking Systems supplies over 1,200 customers in more than 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 2,500 people around the world and sales, implementation and customer support teams in nearly 30 countries. One third of the world's commercial loans, half of traded loan volumes and one in every eight global FX transactions are conducted using Misys systems. Misys Banking Systems is part of Misys plc.
About Misys plc
Misys plc (FTSE: MSY.L), the global software and solutions 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 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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