London, 15th March 2004 - Following the signing of a new five-year partnership deal with S1, Misys Wholesale Banking Systems (Misys) today announces the launch of Misys eServices Platform, a J2EE-based multi-channel solution for wholesale banks.
Under the Misys eServices Platform umbrella, Misys is offering a range of components that will include cash management solutions for Corporates and SME/Personal (which will be launched as 'Corporate Edition' and 'Personal Edition' respectively) and a trade finance front-end to be known as 'Trade Edition'. These components will allow Misys to replace their existing ebanking products with a single, integrated multi-channel solution.
Cash management functionality is provided within a multilingual and multi-currency framework, and delivers real-time data on account balances and transactions as well as straight-through processing (STP) on payments such as SWIFT. Trade finance capabilities allow international banks to deliver one integrated system to create and report on trade documents, from purchase order and letter of credit to direct collections.
The new components will offer existing Misys customers enhanced capabilities and integration to a thin-client, multi-channel architecture. To enable them to lower their implementation risk and time to market, Misys will provide defined and proven migration programs, using pre-built tools and processes, that will allow easy migration from their existing Misys ebanking solutions.
Jerry Luckett, Director of Product & Strategy, Misys Wholesale Banking Systems, said: "Market analysis conducted by Misys had shown front-office to be a key growth area, and an area that many wholesale banks have found difficult to address. Misys eServices Platform allows us to offer both new and existing customers an easy to integrate, multi-channel front-end solution that meets all their multi-channel and customer service needs."
The Misys eServices Platform has over 10 years of banking experience and expertise at its core, and has been proven in over 100 customer sites worldwide. It offers cost-effective customer service, consolidated data views across multiple hosts, STP, and an integrated personal, business & corporate offering for cash management and trade finance.