Misys and Finantix Partner to Address New Competitive Arena Arising From Converging Wealth Management and Private Banking Sectors


LONDON, December 16 /PRNewswire/ --     Misys plc (LSE: MSY), the global application software and services
company, today announces that it has signed a partnership with Finantix, the
leader in front-office wealth management solutions.

The agreement results in the introduction of Misys Wealth Management, a
new solution that will help both new and existing customers penetrate the
growing mass affluent retail customer segment and bring a full set of
services to a new set of clients in that market.

Finantix Components for Wealth Management are to be pre-integrated with
several of Misys' core solutions, including Opics Plus, Equation, Midas Plus
and all future solutions developed on the new Misys BankFusion platform. This
combines flexible, comprehensive, front-office wealth management components
with proven back-office transactional systems that manage accounting,
settlement and reporting requirements for products supported in the front
office. The first of the suite of wealth management solutions will become
available early 2009. Banks will be able to vastly increase the wealth
management services that they give their clients, improving customer insight
and enhancing their ability to manage portfolios and provide financial
planning advice.

The wealth management market has been identified by a variety of industry
commentators as one of the key growth areas for the financial services
sector. The majority of mass affluent and high net worth individuals are
currently only being serviced by specialist providers, such as brokers,
investment managers and financial advisors. Private and retail banks are
looking to broaden their offerings to capture a share of the market and new
entrants are jostling for leadership.

The research and consulting firm, TowerGroup believes that, in the long
term, consumers will benefit as advisors and wealth managers take a more
holistic approach to managing clients' assets. The result will be the
continued investment in advisors and the tools they use to manage clients and
their assets.(1)

"The combination of our world-leading back-office systems and Finantix's
highly sophisticated front-end components will give our existing clients the
ability to penetrate the market which traditionally was the domain of a
select group of private banks," states Guy Warren, EVP and General Manager,
Misys Banking. "We can help our customers to strengthen their market
position, leapfrog their competitors and broaden the services they provide
their retail customers to incorporate wealth management support. This
partnership extends our capabilities, allows us to expand our client base
into the wealth management sector and increases our speed to capitalise on
that market."

Banks will benefit from the integrated solution by being able to achieve
better quality relationships, while maintaining and improving client care at
minimal cost. It will give them both client identification, asset allocation
planning and portfolio analysis tools through a rich financial information
portal as well as a robust, proven back-office transaction management and
processing capability.

"Misys has a market-leading customer base." adds Alessandro Tonchia,
strategy director, Finantix. "With its domain knowledge and long history of
success in the banking sector, coupled with our rich, client-centric front
end, we can now offer an end-to-end wealth solution to customers worldwide.
In the current climate, our advisory and financial planning tools, along with
our strong sales functionality, are very relevant to banks and their clients.
And Misys' core banking engines provide a solid foundation and an
implementation accelerator for a best-of-breed wealth management solution."

About Misys plc

Misys plc (LSE: MSY), 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 plc owns a controlling stake in NASDAQ-listed
Allscripts-Misys Healthcare Solutions, Inc, a clear leader in the provision
of healthcare technology, serving more than 150,000 physicians, 700 hospitals
and nearly 7,000 post-acute and homecare organisations. Misys employs around
6,000 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

About Finantix

Founded in 1994, Finantix (http://www.finantix.com) is an established 
provider of component-based front-office wealth management and retail banking
solutions to over 50 clients in 19 countries worldwide. With over 100
developers, Finantix invests some 30% of revenues in R&D. Its proven
pedigree, combined with an application architecture approach, ensures it is
at the very forefront of multi-channel delivery for the financial services
industry. In choosing Finantix, financial institutions can attract new and
profitable customers, provide a more effective customer service that boosts
cross- and up-selling opportunities and establish a strong multi-channel
connection to all its customers. http://www.finantix.com

(1) TowerGroup - 2009 Top 10 Business Drivers, Strategic Responses, and
IT Initiatives in Brokerage & Wealth Management, November 2008

For further information please contact:

    Edward Taylor
    Global Head of Public Relations
    Misys Solutions for Banking
    +44(0)20-3320-5530
    edward.taylor@misys.com

    Sebastian Mathews
    Financial Dynamics
    +44(0)207-269-7158
    sebastian.mathews@fd.com

© PR Newswire Association LLC.

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