Accounting and Financial Software
Mybank Goes Live with Misys Equation to Support Rapid Growth and Meet Future Regulatory Requirements
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LONDON, February 11--
o New Solution to Increase Customer Revenues, Manage Risk and Drive Business Efficiency
Misys plc (FTSE: MSY.L), the global application software and services company, today announces that Mybank in Pakistan has gone live with Misys Equation. The solution will help the bank to increase customer revenues, reduce risk and drive business efficiency through processing, automation and centralisation.
With the bank's 2008 strategy focused on sustaining existing levels of business growth, it was imperative for Mybank to implement a solution that provided a robust, tailored service that could match the changing demands of the company. Misys Equation provides the financial institution with exactly that; enabling Mybank to integrate all key IT services with its core banking system, reduce processing times and provide an effective monitoring service for the future.
The roll out across the branch network will ensure that the bank meets and exceeds the demands of Basel II, a regulatory framework that is intended to promote a more forward looking approach to capital supervision.
"As part of our evaluation process, we compared a number of banking applications and service providers in order to assess what would best meet the needs of our business," comments Muhammad Bilal Sheikh, President and Chief Executive Officer, Mybank. "When taking into account the strength and depth of experience that Misys has and its strong solutions, we were confident that Misys Equation will give us a centralised core banking system that meets the future ambitions of our business."
Mark Yamin-Ali, Sales Manager, Misys Banking, added, "At a time when some of our competitors are experiencing significant challenges and delays with their implementations in Pakistan, Misys continues to deliver quickly and successfully, bringing a faster return on investment and lower total cost of ownership for our customers. Moreover, the successful implementation of Misys Equation for Mybank serves to highlight our ongoing project- and support-commitment to the Pakistani market and marks another important milestone in the success of this versatile core banking system."
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
Source: Misys plc
For further information please contact:
Edward Taylor
Global Head of PR
Misys Banking
Tel: +44-208-486-1661
edward.taylor@misys.com
Sebastian Mathews
Financial Dynamics
Tel: +44-207-269-7158
sebastian.mathews@fd.com
