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Misys upgrades corporate treasury ASP; touts Interbank Matching module

14 October 2004  |  1184 views  |  0 Source: Misys

Misys Wholesale Banking Systems will be launching an upgraded version of Misys Treasury at Sibos this week. Misys Treasury, a new ASP service that provides browser-based treasury management services, will now include cash balance and statement aggregation.

The original service launched in June 2004, provided corporate treasurers with a single secure portal that could handle trade execution and confirmation matching Now additional functionality is being added so that cash balance reporting and aggregation can be managed via the same portal. Most customers deal with multiple banks and currencies on a daily basis, yet most banks require a separate service in order to manage the exchange of cash management information. Now Misys Treasury can offer customers multi-bank and multi-currency aggregation via a single portal, using SWIFT as a backbone.

Also on the stand at Sibos, will be a demonstration of the next release of Misys Treasury. This will offer customers additional functionality and will extend the trade management capabilities further to include corporate payments. This will mean that customers using Misys Treasury will be able to execute and manage most aspects of liquidity management via the same portal. The original service allowed customers to view current market prices and execute trades. The services launched today allow customers to handle their cash management and take a view on current liquidity, which will be followed by the next release allowing customers to initiate payments. As a result, companies will be able to form a view of their risk and position and handle compliance issues more effectively.

Mark Davies, CEO of Misys Global Managed Services comments: "Ensuring that all trades are executed and managed efficiently is exceptionally important, both to banks and corporate customers. The Misys Treasury service offers our customers a comprehensive front-to-back office solution, so that the whole trade lifecycle can ultimately be handled via one portal."

Separately Misys Treasury's Interbank Matching module, launched in June 2004, now allows banks to manage their Interbank trades for foreign exchange, options and money markets without involvement from its counterparties.

The module allows banks without internal matching engines and which are using Misys Treasury for confirmation matching, to use Interbank Matching to capture all incoming and outgoing SWIFT confirmation messages. The service copies all MT 300 series messages for a bank, so that within minutes of a SWIFT message being generated, the status of financial terms are reported back to the bank via the web, greatly reducing the operational processing risk associated with foreign exchange dealing. From here, the messages are then matched using Misys Treasury's real-time confirmation matching engine, so that banks can see instantly the matching results of any deal.

Misys Treasury is web-based, so all these transactions can be managed from the same portal and require no development work for implementation. To date, six banks are using Misys Treasury Interbank Matching.

Mark Davies, CEO of Misys Global Managed Services comments: "Misys Treasury's Interbank Matching module has been very successful since its launch earlier this year. By providing financial institutions with the ability to manage SWIFT generated foreign exchange confirmation activity via the Misys Treasury portal, we are confident that both new and existing customers will want to take advantage of this new product."

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