With Fino, Misys is acquiring management and employees who provide specialist development services for the financial services industry. The team has grown rapidly and has built significant domain, industry and technical expertise in the OTC derivatives arena and specifically in the Misys Summit product range. Capabilities encompass financial software design, development, maintenance, testing, quality assurance and support, with solutions provided for all parts of the financial institution, from front-office trading, through middle-office risk management, to back-office accounting, operations and documentation.
Ed Ho, CEO Treasury & Capital Markets, Misys Banking Systems, comments, âThis acquisition will significantly enhance our development capabilities, accelerating and broadening delivery of the product roadmap to our clients. With a rapidly growing customer base and increased functional requirements, this is the number one priority for our business and we are very excited by the opportunities that this team will bring Misys and our customers.â
Dan Stemate and Daniel Paunica, founders of Fino, state,, âThis is a very exciting time for us. Our team has an excellent relationship with Misys and we are very much looking forward to further integrating our efforts with the Misys Summit team. The market is demanding ever more innovative products from vendors and as one team, we will be able to deliver market-leading solutions faster, increasing the value we deliver to customers.â
Donal McGranaghan, Head of Treasury & Capital Markets Development, Misys Banking Systems, adds, âWe have a long-standing and very fruitful relationship with the employees and management of Fino and by further integrating with the Summit product centre we will gain greater development efficiencies. I am delighted we have this opportunity to deliver an even more rapid response to client requirements.â
The Misys Summit portfolio of products, including Summit, Summit FT and Summit MUST, is part of the Misys Treasury & Capital Markets product family, which is the largest set of products in the industry focused specifically on the capital markets. They are a proven, award-winning set of multi-asset class solutions for treasury and capital market innovators. Sophisticated trader tools and risk management combine with rules-based workflow and real-time trade processing to deliver the right information to the right people, at the right time. Recently Misys Summit has received much industry recognition:
â¢ Misys Summit MUST was integral to Misys Banking Systems winning âTechnology Company of the Year, Asiaâ from Structured Products Magazine
â¢ Misys Summit achieved first place in two of the categories in Risk Magazineâs Annual Technology Rankings.