Misys Banking Systems (Misys) and S1 Corporation (NASDAQ:SONE) have extended their strategic agreement to incorporate joint retail banking solutions, building on a relationship that has already delivered wholesale banking solutions globally.
Misys, with an installed base of 1,200 banks and an extensive sales and services infrastructure, has combined its knowledge and capabilities in banking with the expertise of S1, a leading global provider of integrated front-office applications for more than 4,000 financial institutions.
The extended relationship to the global market an enterprise-wide multi-channel banking platform that can help financial institutions achieve operational efficiencies, enhanced revenue opportunities, and overall customer satisfaction for banks.
Already a year old, the Misys/S1 alliance has demonstrated success with 12 wins since announcing the alliance last year. "Extending our agreement with Misys to include S1 retail solutions is an important next step in this alliance, as evidenced by the successes we have enjoyed so far," said James Mahan, Chairman and Chief Executive Officer of S1. "S1's strategic relationship with Misys continues to validate that our integrated enterprise applications meet the needs and offer a unique solution for the global market," he adds.
"The relationship between S1 and Misys is already delivering real results for clients in the marketplace," says Andrew Derrer, CEO of Misys Retail Banking. "Our success in the marketplace comes from the fact that our clients enjoy the best front-office applications and back office systems in one integrated package."