Misys plc (LSE: MSY.L), the global application software and services company, today announces that it has been positioned by Gartner, Inc. in the "Leaders" quadrant of the 2011 Magic Quadrant for International Retail Core Banking.
The Gartner Magic Quadrant analyses the core banking market and assesses the suitability of core banking systems providers and their product offerings to address the impact of the trends in that market. The research evaluated each company against the criteria of "Completeness of Vision" and "Ability to Execute", affirming their relevance to the changing conditions of the market.
"We are delighted that BankFusion is seen as a leader by Gartner," comments Al-Noor Ramji, EVP and General Manager, Banking at Misys. "Banks turn to us because we provide them with a system renovation approach that ensures a continuous migration path with minimal risk to their business. This is critical in today's ever-changing financial environment. Our methodology allows banks to carry on with their day-to-day operations uninterrupted while implementation is underway, with the assurance that their own customer experience is never put at risk. That is what makes us different."
Misys BankFusion 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 to the benefit of their business and customers. More than 40 customers have licensed BankFusion solutions since launching in 2008.
* Gartner, Inc. Magic Quadrant for International Retail Core Banking, Don Free, 21 September 2011