Finastra

Landesbank Hessen-Thuringen (Helaba) goes live with core banking system, Misys Midas Plus

Controlled deployment method used by Misys Professional Services ensured rapid and trouble-free implementation for Helaba

London, 14th December 2005 – Misys Banking Systems (Misys) announces today that its next generation solution, Misys Midas Plus, is now live in the New York branch of the German bank, Landesbank Hessen-Thuringen (Helaba).

Generally available and already with sites across the globe, Misys Midas Plus is the next generation of the industry leading core banking solution, Misys Midas. Some of the major global banks have opted for the solution, including HBOS, OCBC, ICBC, Bank of India and Sampo, many of whom have selected the Global Processing capabilities within the product.

Commenting on the project, Lee Duxbury, Senior Vice President at Helaba NY, said: "We are excited at going live with Misys Midas Plus. This state-of-the-art solution and its new features will help us comply with IAS requirements, which affect us as a European bank. It will also help us plan and have a well-rounded view of exposure when embarking on other new ventures. The project team from Misys Banking Systems has continually demonstrated its expertise and we look forward to continuing our long relationship with Misys."

Misys controlled deployment method has ensured a hundred per cent success rate for installations of Misys Midas Plus, both for upgrades from the Misys Midas solution and for new sites.

Elsie Bonnett, Global Services Director, Misys Banking Systems, adds: "We are delighted by the success of Misys Midas Plus. We have a thorough and methodical approach to implementation, which benefits our customers. Misys Midas Plus has been designed for banks to help them adapt rapidly to changing market conditions and they can add new functionality to the system at a pace that suits their business."