MIsys Midas Plus

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Middle and Back Office Solutions

Product and service specifications

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Tags:

Core banking, private banking, cash management, corporate banking, capital markets, core services,

Overview

Misys Midas Plus

Misys Midas Plus is the world's most successful banking system. For 30 years, the Midas family has led the market with more customers, more awards, and more capability than any other. With Misys Midas Plus, that strength is extended in two ways. Firstly, the system has considerably broader functionality than ever before. For existing Midas customers, Misys Midas Plus brings the opportunity to expand the bank's portfolio, further reduce risks and drive even greater efficiency. But additionally, Misys Midas Plus is the first system to introduce global processing to the core banking industry - a means of driving down risk and improving efficiency as never before. Whether you are a corporate/wholesale bank, an international hub, a regional universal bank or an international financial centre operation, Misys Midas Plus is designed specifically to address your business needs.

Midas Plus Global Processing

What is global processing?

Global processing is the centralisation of separate country- or business-specific systems into a single environment. Unlike traditional hubbing approaches, global processing allows the bank to see all the data in a single coherent picture.

This unprecedented level of consolidation brings significant business benefits:

Standardisation of business practices wherever appropriate – minimising business risk, cutting duplication of effort and resource and reducing exposure to fraud
A single IT operating environment, located in the best place for the bank to balance cost, skills availability and any other business imperatives
The ability to build a single, highly resilient platform to minimise operational risk
An enterprise-wide view of the bank’s management information. In a market that operates increasingly on a world stage, this enables executives to make better informed decisions, faster than ever before
Flexibility to explore new markets with minimal additional investment

This deep consolidation also opens up opportunities for insource or outsource strategies for the future.

The Challenge

Attractive though it sounds, global processing cannot be achieved on systems unless the capability is designed in from the start. Essential characteristics include:

Concurrent support for multiple time zones and business days

Multi-entity support
Support for multiple base currencies
Support for multiple languages - including multiple character sets (e.g. Arabic, Chinese)
Support for dissimilar local regulatory environments
The ability to manage regional variations in business practice

Misys Midas Plus meets all of these conditions and is the world’s market leading global processing banking solution, running on three continents, serving the world.

To find out more about Misys Midas Plus, please visit www.misys.com/banking

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