LONDON, November 16 /PRNewswire/ -- Misys plc , the global application software and services company, today announced that OeKB, a prominent Austrian bank operating in the Capital Markets and servicing the export industry, has chosen its hosted trading platform, Misys Summit ASP, to optimise the bank's liability and portfolio management functions throughout its Capital Markets business. The ASP solution allows OeKB to continue to conduct business in plain vanilla, derivative and structured products, or multi-asset classes, in a more affordable and manageable manner with rapid implementation and time to market.
OeKB will implement Misys Summit ASP in its International Finance Department to leverage Summit's sophisticated risk management and trading capabilities across all financial instruments, running from front to back office. Headquartered in Vienna, OeKB is a market leader in Austria, administering the Export Financing Scheme for the Republic of Austria as well as providing financial and information services to the export industry and capital markets. Misys is an established ASP provider with more than 800 customers running in a hosted environment, which was a strong factor in its selection to support OeKB's operations in the International Finance Department.
Misys Summit provides OeKB with a complete solution for handling its multi-product portfolio of capital market and derivative instruments, with extensive functional coverage from trade entry, performing valuations, through to reducing operational risk. Summit covers the broadest set of asset classes in the industry, from the simplest vanilla through to complex derivatives and the latest structured products.
As the central hub to a variety of corporations across multiple sectors, financial institutions and government agencies, the trade process can be more effectively managed via STP, reducing associated operational risks of manual input and providing daily reporting throughout the trade life-cycle. The Misys Summit ASP hosted service will allow OeKB to reduce costs, streamline its operations while supporting its future expansion.
Commenting on the selection of Summit a senior representative of the International Finance Department, states, OeKB was looking for a solution that would give the bank the support and scalability to manage the current business and future growth. The Misys Summit ASP platform was the best solution that met all of our needs, providing enhanced functionality, greater levels of customer service and the flexibility that the ASP hosting capability gives us.
Dermot Briody, Director Sales, Europe at Misys adds, Misys Summit ASP solutions already support a large international community of leading financial institutions. The solution will help OeKB garner the benefits of increased innovation and offer the flexibility to choose which elements of its business model it wants to run over the ASP. We are delighted to be assisting the bank in realising its business goals.
Misys Solutions for Treasury Capital Markets has 20 years of market experience and unrivalled software development expertise. It creates integrated, comprehensive solutions for financial institutions to manage their capital market activities across multiple asset classes.
About Misys plc
Misys plc , 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 plc owns a controlling stake in NASDAQ listed Allscripts-Misys Healthcare Solutions, Inc, a clear leader in the provision of healthcare technology, serving more than 150,000 physicians, 700 hospitals and nearly 7,000 post-acute and homecare organisations. Misys employs around 6,000 people who serve customers in more than 120 countries.
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For further information please contact Edward Taylor Global Head of Public Relations Misys Solutions for Banking and Treasury Capital Markets +44(0)20-3320-5530 email@example.com Sebastian Mathews Financial Dynamics +44(0)207-269-7158 firstname.lastname@example.org
SOURCE: Misys plc
CONTACT: For further information please contact: Edward Taylor, GlobalHead of Public Relations, Misys, Solutions for Banking and Treasury Capital Markets, +44(0)20-3320-5530, email@example.com . SebastianMathews, Financial Dynamics, +44(0)207-269-7158, firstname.lastname@example.org .