22 October 2017
Find out more

Magic at Merill Lynch Bank Suisse

16 July 2002  |  1033 views  |  0 Magic at Merill Lynch Bank Suisse

Merrill Lynch Bank Suisse has implemented Magic Software Enterprises' Prospero banking application across its operations.

The front-to-back-office solution enables bank customers to receive online reports and statements, trade confirmations and real-time Web access.

The system accesses legacy data running on an IBM Mainframe and transfers this data to the Magic-based Prospero running on iSeries servers, which handles the computations, transaction processing and output of statements and confirmations. On the customer side, clients are able to enter data and queries over the Web accessing Prospero through a browser-based interface.

Implementation was carried out by Swiss consulting and software development firm Sage.

Khanh Nguyen, head of IT at MLBS, says: "Working with Sage we were able to implement a banking solution that enables us to provide our customers with better online access to their investment portfolio as well as sophisticated management reports and trade details."

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

Merrill Lynch outsources contract staff management to Beeline

Merrill Lynch outsources contract staff management to Beeline

09 July 2002  |  2763 views  |  0 comments
Merrill Lynch bows out of HSBC joint venture

Merrill Lynch bows out of HSBC joint venture

21 May 2002  |  5670 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.atos.netRegister nowvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
10720 views comments | 22 tweets | 26 linkedin
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
10408 views comments | 17 tweets | 24 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9122 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8182 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
8028 views comments | 10 tweets | 22 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job