Misys Partnership with HCL Drives Value for Customers at Maybank
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LONDON, November 29 - Misys (FTSE: MSY.L), the global application software and services company, announced today that Maybank, Malaysia's largest bank and leading trade finance service provider, has introduced online trade finance services via Maybank2e.net, by implementing Misys Trade Portal. This provides greater convenience and will increase productivity and efficiency to businesses for their trade financing needs.
This is the first contract won following the strategic partnership Misys announced with HCL Technologies Ltd. in October 2007. HCL has a strong presence in Malaysia and will deliver integration services and first line local support for Maybank, which is critical to their objectives.
HCL's services capabilities and the world-class solution from Misys was chosen over solutions from China Systems and specialist Trade Finance vendors, such as Surecomp, ACI and CSI BankTrade.
The online service will enable customers to utilise and monitor their trade financing activities and status online anywhere, anytime. The service also caters to both conventional and Islamic trade financing needs. Misys Trade Portal will be the central front-end for customers to interact with the bank and have a consistent real-time view of the whole of their financial supply chain. The bank's e-Trade services will be provided through the solution from Misys, which will generate top line growth for the bank and deliver new levels of satisfaction to its customers through better straight through processing of transactions and improved operational efficiency.
"When implemented within the next six months, the online trade finance service will offer customers immense benefits in managing their trade financing needs in a borderless and 24 by 7 time environment. It is a convenient channel for customers to communicate directly with the bank from their office or home desktop environment," said Datuk Johar Che Mat, Chief Operating Officer of Maybank.
Olivier Berthier, Head of Product Management, Misys Trade Services, adds, "We are delighted that such a progressive bank has chosen our solution to help them grow and keep ahead of the competition. The advanced functionality and scalability that Misys Trade Portal provides, coupled with the support from HCL's dedicated local services team, give Maybank the ability to deliver real results for its customers."
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
For further information please contact
Edward Taylor
Global Head of Public Relations
Misys Banking Systems
+44(0)208-486-1661
edward.taylor@misys.com
Source: Misys plc
