Unisys, a Fortune 500 company and is one of the worldâs largest information technology services and solutions providers with more than 36,000 employees and operations in more than 100 countries. Unisys serves 22 of the top 25 global banking institutions and many other financial institutions worldwide with a track record that has seen financial institutions choosing Unisys to help increase efficiency, improve customer relationships and enhance profitability.
The MOU will allow both companies to explore additional business opportunities worldwide and also to jointly market and roll-out software components and solutions to clients in selected target markets.
"The MOU marks another important milestone in System Accessâ achievements and is part of our strategy of establishing a partner ecosystem between established and reputable companies to tap the global banking software market. Under the MOU, we will be able to leverage on the network and resources of Unisys and access potential markets more rapidly. With Unisysâ network, we are able to extend our reach into the mature economy and the large-sized bank market segments that we have been eyeing," said Mr Leslie Loh, Executive
Chairman and Chief Executive Officer of System Access.
System Access and Unisys will work together to offer the System Access SYMBOLS end-to-end retail delivery and core banking solution on Unisys ClearPath servers. The combined solution will evolutes Unisysâ mainframe business, offering real-time infrastructures, introduces Secure Java with mainframe security, reliability and scalability and promotes the Unisysâ pay-for-use business model.
Mr Aravinth Kumarasamy, Senior Vice President, System Access, comments: "The Unisys ClearPath technology addresses two important requirements of the global banking community that are consistently requested and previously unavailable: -
1) a more secure and functionally rich deployment infrastructure for Java and 2) pay-for-use vendor-client risk-sharing business models. Most clients are coming from mainframe environments which have served them well in terms of security, service levels and business value. They expect mainframe-class functionality when implementing new retail and core banking solutions and Unisys ClearPath brilliantly fills this need."
The combined strengths of Unisys and System Access will accelerate customer growth for both companies in the high-growth geographies targeted. Unisys has done an extensive search on the solutions landscape and has chosen SYMBOLS to ensure the right pairing is achieved to maximize the potential of the ClearPath Server offering.