Moscow, 15 November 2007 - Misys plc (FTSE: MSY.L), the global application software and services company, today celebrates the 15th anniversary of its business in Russia as the latest of the country's leading banks, SOYUZ Bank, chooses its core banking solution, Misys Equation as well as Misys Trade Innovation to support its expansion strategy.
SOYUZ Bank, one of the fastest growing universal banks in Russia, is developing all areas of its business to meet increasing demands from its retail, corporate and investment banking customers. Having evaluated several solutions in the market, including one from Infosys, the bank selected Misys because of its many implementation successes in the region, the level of localisation of the solution and the experienced professional services team that are ensuring the project success.
Misys is the longest serving international banking solutions provider in the CIS. Bank SOYUZ will implement its integrated solution comprising the core banking system, Misys Equation, and the latest version of the award-winning trade finance system, Misys Trade Innovation. This solution will enable SOYUZ Bank to support the whole of its universal banking business, significantly reducing operating costs and improving reporting and analytical facilities.
Misys Equation will be the bank's technological platform for the future, as Vladimir Smirnov, Deputy Chairperson of the Board, comments: "We are constantly improving the way we deliver results to our customers and we needed a solution that would support our development over the foreseeable future. Misys Equation gives us a solid core platform for the overall IT upgrade we need, coupled with one of the best trade finance solutions available."
Guy Warren, Executive Vice President and General Manager of Misys Banking comments, "There has been an explosion of growth in the whole of the Russian banking sector recently. The consumer lending market has grown twice as fast as the corporate loans market with volumes of consumer loans growing by more than twelve times just over the last four years. Financial institutions in the region have benefited from our expertise and solutions for 15 years, as we have helped them expand their businesses and drive value to their customers in retail banking, corporate banking and treasury. Russia and the CIS is a very important market for us as we continue to focus on high growth regions as part of our business strategy. We look forward to continuing to support the Russian economy and adding value to the institutions and citizens in the future."
Misys has been delivering solutions that drive value to customers in Russia and the CIS since it opened its first Russian office in Moscow in 1992. It has helped many of the region's largest and rapidly growing financial institutions build their businesses and deliver results to their customers. During the last 15 years Misys has provided solutions and expertise to clients including VTB, Alfa Bank, Raiffeisen Bank Moscow, International Moscow Bank, AK BARS, Tatfondbank, Kazkommertsbank (Kazakhstan), AVAL Bank (Ukraine), TuranAlem Bank (Kazakhstan), National Bank of Belarus and First Ukrainian International Bank. More than 30 banks now benefit from Misys solutions, including core banking systems, trade finance, treasury and capital markets solutions.
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For further information please contact:
Edward Taylor
Global Head of PR, Misys Banking
Tel: +44 (0)208 486 1661
Mobile: +44 (0)777 55 66 561
edward.taylor@misys.com
Leonid Solovyev
Senior Vice President, FD Moscow
Tel: +7 (495) 795 06 23
Mobile: +7 985 920 60 80
leonid.solovyev@fd.com
About Misys plc
Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions that deliver significant results to organisations in the financial services and healthcare industries. We maximise value for our customers by combining our deep knowledge of their business with our commitment to their success.
In banking and treasury & capital markets, Misys is a market leader, with over 1,200 customers, including all of the world's top 50 banks. In healthcare, Misys is a market leader, serving more than 100,000 physicians in 18,000 practice locations and 600 home care providers. Misys employs around 4,500 people who serve customers in more than 120 countries.
We aspire to be the world's best application software and services company, delivering results for the most important industries in the world.
Misys: Experience, Solutions, Results
Contact us today, visit: www.misys.com
