UBI Banca Chooses Misys Midas Plus and TI Plus to Support the Consolidation of its International Banking Network


LONDON, December 17 /PRNewswire/ --     Misys plc (FTSE: MSY.L), the global application software and services
company, today announces that it had been selected by UBI Banca International
to help consolidate its international business. The Misys solution will
enable the bank to improve efficiencies and business management across the
group and ensure a consistent level of service to customers in Luxembourg,
Spain and Germany.

The Italian bank, which was recently formed as a result of the merger
between BPU and Banca Lombarda, is re-designing its international operations
to increase market coverage and enhance the service it provides its
customers. The Luxembourg office will be the cornerstone of the network,
where Misys' integrated solution of Misys Midas Plus with Global Processing
and Misys TI Plus, will be implemented and rolled out across the rest of the
EU branches. This will allow the bank to have a single technical
infrastructure and IT team for managing the business across multiple
countries and regulatory environments.

As Massimo Amato, Managing Director of UBI Banca International, explains,
"The Misys solution enables us to streamline operations across the group and
deliver enhanced services from centres of core competency. For example, there
will be a centre of excellence in Luxembourg for the Private Banking and
Financial engineering business, whereas the expertise for trade finance could
be in Spain or in Germany. This way, we maximise assets and skills within the
group. The challenge is being able to adopt a controlled, low risk approach
to the consolidation process and Misys demonstrated its capability to deliver
in this area."

With the Misys solution, UBI Banca International will implement common
practices across the group and take advantage of the enhanced functions it
delivers, such as improved workflows and better access to data. The bank will
have the ability to take a central, consolidated view of risk throughout the
organisation and have the information to drive more informed decision-making
and business management. The multiple infrastructures and core systems across
the international offices will be replaced by the centrally located Misys
Midas Plus.

Claus Schuenemann, Head of Sales for Europe, Misys Banking, adds, "Many
banks today are looking to consolidate their technology operations and
centralise their IT operations. Misys is the only vendor that provides a
complete answer to banks' Global Processing needs. With 49 banks now using
Midas Plus, 15 of which are using Global Processing to run multiple sites,
Misys is delivering results for customers through proven systems and
professional services expertise."

The multiple phases of the project will be rolled out over the next 18
months and the global processing model will give UBI Banca International the
ability to easily deploy more group entities whenever required.

About Misys plc

Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions
that deliver significant results to organisations in the financial services
and healthcare industries. We maximise value for our customers by combining
our deep knowledge of their business with our commitment to their success.

In banking and treasury & capital markets, Misys is a market leader, with
over 1,200 customers, including all of the world's top 50 banks. In
healthcare, Misys is a market leader, serving more than 100,000 physicians in
18,000 practice locations and 600 home care providers. Misys employs around
4,500 people who serve customers in more than 120 countries.

We aspire to be the world's best application software and services
company, delivering results for the most important industries in the world.

Misys: Experience, Solutions, Results

Contact us today, visit: http://www.misys.com

For further information please contact

    Edward Taylor
    Global Head of Public Relations
    Misys Banking
    +44(0)208-486-1661
    edward.taylor@misys.com

    Sebastian Mathews
    Financial Dynamics
    +44(0)207-269-158
    sebastian.mathews@fdcom



© PR Newswire Association LLC.

News archive

Subscribe to AfterDawn's weekly newsletter.