The Gartner Magic Quadrant assesses the suitability of international retail core banking systems providers and their solutions to address the challenges faced by the banking industry. It evaluates each company against the criteria of "Completeness of Vision" and "Ability to Execute", assessing their relevance to the changing conditions of the market.
"We are delighted with our positioning in the "Leaders" quadrant by Gartner, which we believe confirms our goal of leading the market with our revolutionary BankFusion solutions," states Al-Noor Ramji, EVP and General Manager, Banking at Misys. "We have had tremendously positive feedback on our BankFusion strategy and solutions from everyone we have approached.
"As the financial services industry emerges from one of the most turbulent periods in recent history, banks face a multitude of regulatory and competitive challenges. BankFusion changes the rules for financial services organisations, allowing them to serve their customers faster, keep ahead of their competitors and improve the way they run their operations in ways that have until now have been impossible."
Misys BankFusion is ground breaking in the way it enables banks to respond to changes in customer and market demand more quickly and at lower cost. The BankFusion platform not only forms the basis for Misys' new, technologically advanced core banking solution, Misys BankFusion Universal Banking, it also enables financial organisations to leverage their existing applications.
By bridging the gap between Business and IT, it ensures a better understanding of requirements and quality of deliverables. New products and services can be rapidly assembled and deployed, and existing products can be repackaged and re-featured, all by trained business users, with minimal need for IT intervention or impact to the customer and the system.
* Gartner, Inc. Magic Quadrant for International Retail Core Banking, Don Free, 13 September 2010