3 December 2007 - Misys plc (FTSE: MSY.L), the global application software and services company, today announced that United Commercial Bank (UCB) has licensed its Equation and Trade Innovation solutions to support its expansion of business in Taiwan.
Both solutions have been installed in its Hong Kong location since 2003, and have supported a period since which has seen rapid growth and business for the bank. UCB concluded to expand the use of both systems to support its Taiwan operation after an extensive evaluation of local and foreign vendors. The resulting solution will improve efficiencies and ensure that the bank increases customer service to its corporate and high net worth customers.
UCB has built a very strong position serving Chinese communities and American companies doing business in Greater China. Equation and Trade Innovation will continue to support this process.
Mr. Tony Tsui, Executive Vice President and General Manager, Greater China Region, United Commercial Bank, comments, "Misys has a proven track record and experience in our region and we are pleased to be able to build on the success we have had from using Misys' solution in our Hong Kong operations. We have built a strong reputation of providing our customers with excellent products and services and we are confident that this will enable us to continue to deliver results to our customers in Taiwan and Hong Kong and as we expand further in the Greater China region."
Dermot Briody, Head of Sales Asia, Misys Banking, adds, "We are continuing to grow our business in Asia as we increase the number of customers that have benefited by implementing our world-class solutions. UCB is the latest in a long list of clients here that we are helping to build their footprint in the region. We are committed to providing our customers results and we look forward to forging a deeper relationship with UCB through our highly skilled professional services teams in Taiwan and Hong Kong.
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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 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 110,000 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
About United Commercial Bank
United Commercial Bank ("UCBTM"), a subsidiary of UCBH Holdings, Inc., is a leading bank in the United States serving Chinese communities and American companies doing business in Greater China. With assets of $11.08 billion for UCBH Holdings, Inc. as of September 30, 2007, the Bank has 51 branches/offices located in the San Francisco Bay Area, Sacramento, Stockton, Los Angeles and Orange counties, eight branches in New York, five branches in metropolitan Atlanta, three branches in New England, two branches in the Pacific Northwest, a branch in Houston, a branch in Hong Kong and representative offices in Shanghai and Shenzhen, China and Taipei, Taiwan.
UCBTM, with headquarters in San Francisco, provides commercial banking services to small- and medium-sized businesses and professionals in a variety of industries, as well as consumer and private banking services to individuals. The Bank offers a full range of lending activities, including commercial real estate and construction loans, commercial credit facilities, international trade finance, cash management, private client services, loans guaranteed by the U.S. Small Business Administration, residential mortgages, home equity lines of credit, and online banking services for businesses and consumers.
