Bermuda Commercial Bank selects Misys BankFusion Universal Banking to ensure the highest quality of service to its customers

8 June 2010

Misys plc (FTSE: MSY.L), the global application software and services company, today announces that Bermuda Commercial Bank, the corporate and private wealth bank, has licensed Misys BankFusion Universal Banking. The new core banking solution will ensure that the services the bank provides to its customers are underpinned by the latest technology.

Bermuda Commercial Bank (BCB) offers a range of products and services to both personal and corporate clients across the world. Having benefited from the Misys Bankmaster system for several years, BCB management decided to invest in the latest solution from Misys in order to be more responsive to clients and deliver new products to the market more quickly. Misys BankFusion Universal Banking gives BCB the most modern banking solution available and provides a migration path from Bankmaster which minimises the risk of the upgrade to the bank.

Misys BankFusion Universal Banking provides banks with the flexibility to add new products and processes. Crucially for BCB, it integrates seamlessly with other systems and services. It also gives BCB a cost effective way to achieve a rapid return on investment through reduced hardware, software, deployment and operational costs.

Michael Cranfield, CIO of Bermuda Commercial Bank, comments, “We have always prided ourselves as being a leader both in terms of the variety of products we offer as well as the quality of these products. It is vital that we continually innovate and improve the way in which we operate to ensure that we meet the needs of our clients. We wanted to invest in a world-class system that enabled high quality service and BankFusion Universal Banking gives us the platform on which to grow our business and keep BCB at the forefront of technology.”

The solution architecture and components of BankFusion Universal Banking enable Business Managers to engage with their IT colleagues using business, rather than technical terms. BankFusion allows business staff to understand how their requirements are implemented across the solution, enabling new products to be delivered more quickly and cost-effectively and helping to bridge the gap between Business and IT.

Horst Finkbeiner, COO of Bermuda Commercial Bank noted that “Real-time systems and fully automated and integrated operations are core to our business model. We expect that BankFusion will deliver the sort of integrated, robust solution that we require and allow our people to focus on our customers.”

Rick Salk, Misys Sales Director for the Americas, adds, “Now more than ever, banks need to operate in a highly competitive and demanding environment. We are seeing an increase in the demand for high quality bank systems that are not only more responsive to customer demands, but that can also underpin growth as business expands. BCB has chosen BankFusion Universal Banking to ensure maximum flexibility and speed to market for new products and services. The new solution will provide BCB with the power to model business processes accurately and give the bank’s customers the reliability and convenience of banking anywhere in the world.”

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