Pegasystems and Misys ally for STP

Pegasystems and Misys ally for STP

Pegasystems and Misys International Banking Systems (Misys) have entered an agreement to combine their back office and payments technologies to offer corporates straight-through processing (STP) of financial transactions.

The companies will integrate Misys' wholesale back office system Midas with Pegasystems' front-end PegaCRM Investigations software solution for exception processing and STP in treasury operations.

PegaCRM Investigations is a new front-office process automation software that integrates payments investigations activities including foreign exchange, treasury, interbank compensation claims, nostro account reconciliations; and securities processing of settlement, shares, income and cash exceptions.

The investigations capability will be bolted-on as a front-office gateway to the Midas transaction processing engine.

David Wells, vice president of North American and European services, Pegasystems, comments: "This partnership gives Pegasystems exposure to more than 700 users of Midas, especially in the European and Asian regions."

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