Unisys to distribute System Access' Symbols
In a strategic move to expand its international marketing network, SGX-listed System Access Limited (System Access or the Company) has signed a Memorandum of Understanding (MOU) with NYSE-listed Unisys to market System Access' flagship banking software product, SYMBOLS.
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The MOU will allow both companies to explore additional business opportunities worldwide and also to jointly market and roll-out software components and solutions to clients in selected target markets.
"The MOU marks another important milestone in System Access' achievements and is part of our strategy of establishing a partner ecosystem between established and reputable companies to tap the global banking software market. Under the MOU, we will be able to leverage on the network and resources of Unisys and access potential markets more rapidly. With Unisys' network, we are able to extend our reach into the mature economy and the large-sized bank market segments that we have been eyeing," said Mr Leslie Loh, Executive Chairman and Chief Executive Officer of System Access.
System Access and Unisys will work together to offer the System Access SYMBOLS end-to-end retail delivery and core banking solution on Unisys ClearPath servers. The combined solution will evolutes Unisys' mainframe business, offering real-time infrastructures, introduces Secure Java with mainframe security, reliability and scalability and promotes the Unisys' pay-for-use business model.
Mr Aravinth Kumarasamy, Senior Vice President, System Access, comments: "The Unisys ClearPath technology addresses two important requirements of the global banking community that are consistently requested and previously unavailable: 1) a more secure and functionally rich deployment infrastructure for Java and 2) pay-for-use vendor-client risk-sharing business models. Most clients are coming from mainframe environments which have served them well in terms of security, service levels and business value. They expect mainframe-class functionality when implementing new retail and core banking solutions and Unisys ClearPath brilliantly fills this need."
The combined strengths of Unisys and System Access will accelerate customer growth for both companies in the high-growth geographies targeted. Unisys has done an extensive search on the solutions landscape and has chosen SYMBOLS to ensure the right pairing is achieved to maximize the potential of the ClearPath Server offering.