20 August 2017
Find out more

Misys signs six to MidasPlus; Ikano licenses EagleEye

12 October 2004  |  8109 views  |  0 Misys

Misys Wholesale Banking Systems says it has signed six banks to its Web-based processing software, MidasPlus, this year.

The banks, which include HBOS, OCBC and Industrial and Commercial Bank of China (ICBC), are implementing the MidasPlus system for global processing.

Misys says the technology enables banks to run one central system internationally instead of supporting different technologies worldwide. Roger Hedges, head of international and regional banking markets, says: "Data that was traditionally locked away in various systems is now instantly accessible in MidasPlus with global processing."

The vendor says in addition to the six banks, a further eleven existing customers have upgraded from Midas for their single site operations, bringing the total number of MidasPlus clients to 17.

Seperately, Luxembourg-based Ikano Fund Management is rolling out Misys' EagleEye compliance software to help it address the application of the UCITS European Directive.

Misys says its standalone Eagleye product delivers accurate and timely information about any particular trade and alerts the organisation to potential compliance issues and breaches before they arise.

The product is able to test each trade against compliance rules and provide the necessary information for portfolio managers to amend the trade if any issues were flagged.

Commenting on the implementation, Clive Pedder, CEO Misys Eagleye, says: "Ikano Fund Management, can have the peace of mind that any trade that is executed by any of its 28 third party portfolio managers will stick within the guidelines and regulations set for them."

Furthermore, Russia's Vneshtorgbank (VTB), Bank for Foreign Trade, is implementing Misys' Trade Innovation product to support its trade finance operations. The bank will use the software to automate transactions across its branches.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Misys acquires Idom UK; unveils new retail product strategy

Misys acquires Idom UK; unveils new retail product strategy

11 October 2004  |  6304 views  |  0 comments
Absa Bank deploys Misys Message Manager

Absa Bank deploys Misys Message Manager

07 October 2004  |  6870 views  |  0 comments
CC-Bank signs for Misys' Equation

CC-Bank signs for Misys' Equation

01 September 2004  |  5052 views  |  0 comments
Poor performance wipes out Misys' executive bonuses

Poor performance wipes out Misys' executive bonuses

23 August 2004  |  6011 views  |  0 comments
Islamic Bank of Britain selects Misys' Equation

Islamic Bank of Britain selects Misys' Equation

19 August 2004  |  4851 views  |  0 comments
Bank of Ireland selects Summit for credit derivatives

Bank of Ireland selects Summit for credit derivatives

04 August 2004  |  4626 views  |  0 comments
Beijing City Commercial Bank signs for Misys' Opics and Trade Innovation

Beijing City Commercial Bank signs for Misys' Opics and Trade Innovation

02 August 2004  |  3483 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comdownload the paper nowvisit www.niceactimize.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
9944 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
8380 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
7973 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
7867 views 0 | 3 tweets | 1 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
7243 views comments | 15 tweets | 13 linkedin