UBS selects Misys Midas Plus hub to support its Asian growth strategy

24 July 2006

UBS, the Swiss-based banking group, has selected Misys Midas Plus to provide a competitive edge in corporate banking products for its Wealth Management and Business Banking clients across its Asian operations. The world-leading solution from Misys Banking Systems will underpin the bank’s expansion plans in the region.

Misys Midas Plus is already under implementation across Asia-Pacific, covering five international branches from a hubbed operation, based in Singapore.

Misys Midas Plus will help UBS to improve support for its corporate banking and wealth management clients. It will enable it to offer them a more varied set of products and speed up transaction processing across treasury, securities, lending and cash accounts business areas. The solution will equip the bank with stronger risk and collateral management capabilities and will enable it to create a more competitive cost structure for its operations. Corporate and private clients of the bank will see improved service and more sophisticated products, keeping UBS at the forefront of the competitive banking market.

Dermot Briody, head of core banking sales for Asia, Misys Banking Systems adds, “UBS is the latest major bank to join the community of users for the newest generation of our Misys Midas product family. Our experienced team in Asia serve over 600 client sites world-wide and have built our industry knowledge and customer network over the last two decades. We are delighted that UBS is the latest world-renowned organisation to put its trust in us and join the network.”

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development