10 April 2008 - Misys plc (FTSE: MSY.L), the global application software and services company, today announces that Commerzbank has gone live on the latest version of Misys Risk Vision, following a successful project to extend the capability of the solution for the bank.
Over 900 employees at Commerzbank now use the enhanced risk management solution from Misys to gather and analyse the local and global exposure to credit risk across the entire business.
"Misys Risk Vision provides us with a consolidated view of all credit exposures of activities in our trading and investment banking operations," comments Markus Rumpel, Global Credit Officer Financial Institutions from Commerzbank. "The advanced functionality in the latest version of the solution enables us to manage our global credit limit and exposures better and gives our traders better information to improve their decision making. We are delighted with the solution and the support from Misys which has allowed us to maintain our competitive edge and bring us the return on our investment we were looking for."
The majority of the users are directly involved in trading, based in Frankfurt, London, New York, Tokyo and Singapore. This is a trend that Misys is seeing in the demand for the enterprise risk management solution, as David Stewart, Risk Director, Misys Treasury & Capital Markets, states. "Misys Risk Vision is increasingly servicing the ever-growing need for risk functionality from our customers across the group. Traders have to make faster decisions on the risks associated with every transaction they make before the deal is executed and our solution brings the most thorough information available to them in the most rapid time."
Claus Schuenemann, Head of Sales Europe at Misys, points out: "Misys has developed Risk Vision to enhance the functionality to cater for the new demands of the customers. The improved capabilities available in Misys Risk Vision 5.4 allow banks to accelerate the time-to-market for the business, make use of all available risk mitigation techniques, such as collateralising and netting, and be able to integrate new instruments and delivery systems quickly adding real value to the trading desk."
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For further information please contact
Edward Taylor
Global Head of Public Relations
Misys Banking
+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
Contact us today, visit: www.misys.com
