Accounting and Financial Software
Banco Itau Implements Misys Equation in Japan to Provide Customers with Enhanced Banking Services
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LONDON, December 12 --Misys plc (FTSE: MSY.L), the global application software and services company, today announces that Banco Itau has migrated Banespa's customers with Misys Equation in its Japanese operations. Banco Itau also use Misys' core banking solution, Midas, for its American and offshore operations.
Following the acquisition of the customers of Banespa (Banco do Estado de Sao Paulo) Tokyo Branch at the end of 2006, Banco Itau immediately needed to manage the increase in the volume of deposits and remittances the additional operations brought in Japan. All Banespa's customer records and information from the Tokyo operations were transferred across to Misys Equation.
Banco Itau's internal technical team was supported by the professional services staff from Misys and programs were developed on top of Misys Equation's APIs to apply the customer data online. The solution from Misys supports double byte names and addresses, so it was possible to transfer Japanese characters as well.
Mr. Takata, Kazutoshi, General Manager Japan, Banco Itau,comments, "As with Itau's business, Banespa has also built a strong base of customers in Japan over the last 30 years, comprising both Brazilians as well as other Latin American nationals living in the country. Our Japanese-Brazilian operations have been supported by Misys Equation, from the tellers in the front office, through the operations centre to the back office
processing. The rapid implementation of the additional customer accounts in Japan will enable us to be efficient and streamline our whole operations so that we can serve our customers better both in Brazil and in Japan."
Dermot Briody, Head of Sales Asia, Misys Banking, adds, "Misys Equation is a perfect solution for this type of sudden increase in customer transactions and volumes. We have more than 30 years of experience in helping banks like Banco Itau to improve the services they provide to their customers and in accelerating the responsiveness to the needs of the consumer."
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: www.misys.com
About Itau
Itau Holding has a considerable overseas presence through strategically located facilities in the Americas, Europe and Asia, providing valuable synergies in trade finance, placing eurobonds, offering sophisticated financial transactions and in private banking activities through Banco Itau Europa Luxembourg. At the end of 2006, consolidated investments abroad totaled US$3.6 billion, including non-financial activities. The Banco Itau branch in Tokyo has been consolidating its presence within the Brazilian community in Japan. As part of its ongoing efforts to provide better
services, Banco Itau customers can conduct internet banking transactions 24 hours a day, seven days a week, in addition to using Bankfone Itau Japan, making it unique among Brazilian banks operating in that country.
Throughout its history, Itau has combined consistent financial performance with attitudes that encourage ethics and transparency in the relationship with customers, employees, shareholders and community, in the search for joint solutions for social and environmental problems. In line with these values, Itau was the first Brazilian company to join the AccountAbility, an international organization established in 1995 to promote innovation and the spread of socially responsible practices. Among the
initiatives of AccountAbility deserves highlight the AA1000, a set of guidelines relating to ethics and social responsibility subject to external audit. Itau was one of the first Brazilian companies to adopt the AA1000.
Itau is also recognized internationally. In 2007, the eighth year running, integrates the Dow Jones Sustainability World Index (DJSI World). It is the only Latin American bank that participates in the index since its creation. Recently, the bank received five AAA+ ratings, the highest possible, in corporate governance, social responsibility, sustainability, transparency and ethics from the sustainability rating agency Management & Excellence. In Brazil, Itau participates in the Corporate Sustainability Index of Bovespa. It was also the first foreign bank with negotiations on the New York Stock Exchange to meet the requirements of Sarbanes-Oxley.
For further information please contact
Edward Taylor
Global Head of Public Relations
Misys Banking
+44(0)208-486-1661
edward.taylor@misys.com
Caroline Parker
Financial Dynamics
+44(0)207-269-7295
caroline.parker@fd.com
Banco Itau's Press Office
+55-11-5019-8880/8881
imprensa@itau.com.br
Source: Misys plc
