Misys Wholesale Banking Systems is offering an ASP service
providing browser-based treasury management services for corporate
treasurers and fund managers. It is the first time Misys has actively targeted corporate treasurers. Misys Treasury has been designed to provide corporate treasurers with a
more efficient, risk controlled environment for day-to-day
activities, and will initially be released in two phases. The first release
incorporates multi-bank electronic trade execution for foreign exchange
and money market instruments, confirmation matching and the automatic
population of settlement instructions.
Corporate treasurers signing up for the Misys Treasury service will log onto a single
secure portal to access the latest market prices and execute trades. The
trade execution services are provided in conjunction with Currenex, the technology provider of FX and money market trading solutions; Misys and Currenex recently signed a strategic partnership
agreement. Transactions are automatically passed to the confirmation
matching engine, with the option of added extras from Misys’ standing
settlement instructions database and no need for any manual intervention.
The increase in straight-through processing (STP) provided by the solution
allows a corporate treasurer to know when trades have been confirmed by
their Swift counterparties, reducing operational risk and streamlining
workflow within their organisation. Furthermore, according to Misys,
corporate treasurers can benefit from a cost effective and low risk
solution that enables multi-bank connectivity while avoiding the costly
infrastructure, hardware and software traditionally associated with
sophisticated treasury management systems.
“Misys has made a strategic commitment to deliver ASP services to
clients. CMS was the first offering, and, following our partnership with
Currenex, Misys Treasury now broadens our reach into multi-bank trading
for corporate treasurers and fund managers,? said Andy White, CEO of
Misys Wholesale Banking Systems. ?The solution is an exciting new
proposition for our customers, and we look forward to expanding our
services to even more areas of treasury operation over the coming
months.”
