Misys (FTSE: MSY.L), the global application software and services company, today announces that UBI Banca Niederlassung Munich, part of UBI Banca, has gone live with Misys Midas Plus, the most widely used core banking solution in the world.
Midas Plus provides the bank with support for the whole of its banking systems, enhancing both performance and efficiency.
UBI Banca Niederlassung Munich, is part of the UBI Banca Group, the fifth largest Italian banking group. It previously used Oracle Flexcube and the senior management team wanted to take advantage of the superior capabilities of Misys Midas Plus. As a provider of e-Banking, FX & MM services, the bank chose Midas Plus as the ideal solution to improve the quality and breadth of the service offering, whilst provide a platform for expansion.
"We recognised that the solution from Misys was the best platform for our growth plans," states Massimo Amato, Managing Director UBI Banca International. "We are looking to improve the quality of services we offer across the group and Misys Midas Plus will enable us to provide greater functionality as well as the technical resilience that delivers the confidence in the solution. As we see the benefits delivered to us and our customers, we will look to expand its use into other markets across Europe."
Misys Midas Plus supports a wide range of business areas, including Treasury, Commercial Lending, Capital Markets, Cash Management and Wealth Management. It offers a single, integrated platform on which UBI Banca can grow its operations and increase transaction volumes. This substantially enhances how the bank delivers services to its customers.
"This is a significant win and an immensely successful implementation for us, providing the growth platform in place of a competitor's product," comments Richard Watrasiewicz, Senior Director Professional Services, Misys. "The breadth of functionality was a big factor in selecting Misys and we have successfully gone live with the solution at the bank with fully integrated German market features. UBI Banca's customers are already seeing improvements in the range of services, particularly in the area of online delivery. We look forward to o working with the company further as it looks to grow its use across Europe."