Misys signs significant banking software contract
Misys plc has today signed one of its largest banking software contracts in Asia, with Bank of India.
The contract for MidasPlus was completed and signed today in Mumbai, India by Ivan Martin, Chief Executive of the Misys Banking and Securities Division, and Shri K.V. Krishnamurthy, Chairman & Managing Director, Bank of India. Bank of India intends to deploy MidasPlus, which facilitates thin client access via any web browser, across an initial seven sites running on a single global hub, to be based in Singapore.
Commenting on the contract, which is the largest ever for Midas in the region, Ivan Martin said: “The Bank of India contract confirms the industry view that Midas is the leading international banking solution. Already used by over 600 customer sites worldwide, it enables banks to benefit from a functionally-rich design as well as advanced technology. We are delighted that Bank of India has selected Misys, a move which reinforces our already strong relationship.”
K.V. Krishnamurthy added: “We are increasingly leveraging technology to expand our delivery channels and to offer cost-effective services to our large customer base. We chose Misys, not only because of the exceptional MidasPlus functionality, but also because they are one of the few global players who can help us meet our IT ambitions.”
About MidasPlus
MidasPlus brings together the robustness and proven experience of Midas with the benefits of web services technology. Fully web-enabled, it facilitates the delivery of thin client access via any browser through a new, flexible and customisable user interface. This has been developed using the successful IBM WebSphere platform and Java J2EE. Midas is one of the first major banking applications to deliver the benefits of web services technology. MidasPlus also provides advanced features for global processing, running multiple branches from a single code base and with consolidated information for global MIS and control.
MidasPlus brings together the robustness and proven experience of Midas with the benefits of web services technology. Fully web-enabled, it facilitates the delivery of thin client access via any browser through a new, flexible and customisable user interface. This has been developed using the successful IBM WebSphere platform and Java J2EE. Midas is one of the first major banking applications to deliver the benefits of web services technology. MidasPlus also provides advanced features for global processing, running multiple branches from a single code base and with consolidated information for global MIS and control.
About Bank of India
Bank of India was founded in September 1906. It has more than 2,500 branches in India spread across all states/union territories, including 93 specialised branches. While firmly adhering to a policy of prudence and caution, the Bank has been in the forefront of introducing various innovative services and systems. Business has been conducted with the successful blend of traditional values and ethics and the most modern infrastructure. The Bank has been the first among the nationalised banks to establish a fully computerised branch and ATM facility at the Mahalaxmi Branch at Mumbai way back in 1989. The Bank is also a Founder Member of SWIFT in India. For more information, visit www.bankofindia.com
Bank of India was founded in September 1906. It has more than 2,500 branches in India spread across all states/union territories, including 93 specialised branches. While firmly adhering to a policy of prudence and caution, the Bank has been in the forefront of introducing various innovative services and systems. Business has been conducted with the successful blend of traditional values and ethics and the most modern infrastructure. The Bank has been the first among the nationalised banks to establish a fully computerised branch and ATM facility at the Mahalaxmi Branch at Mumbai way back in 1989. The Bank is also a Founder Member of SWIFT in India. For more information, visit www.bankofindia.com
For further information, please contact:
Paul Charles, Head of Communications, Misys plc 44 (0) 20 7368 2315
paul.charles@misys.co.uk
About Misys plcMisys plc, the global software products and solutions company, serves customers in the international banking and securities, US healthcare, and UK retail financial services sectors. The group partners with its customers to deliver outstanding IT solutions to essential industries. For the year ended May 31, 2002, Misys reported revenues in excess of £1 billion ($1.5 billion). Misys employs more than 6,500 people internationally.
