20th October 2005 – Misys Banking Systems is pleased to announce that CajaSur, the Cordoba-based Spanish building society, has selected the Misys ALM and Basel II solutions. CajaSur will replace its current ALM application and implementation starts immediately.
CajaSur is preparing to enhance its ALM functionality whilst also ensuring its banking systems are Basel II compliant in the near future.
Why Misys? The Misys ALM system was found to be the most robust, the most user friendly, and the simplest to implement.
As well as addressing the bank’s ALM needs, this new project will simultaneously prepare CajaSur for Basel II implementation as both ALM and Basel II applications share the same platform, data model and interfaces.
CajaSur says, "The major benefit of the Misys Almonde platform is that we can implement the basic structure quickly and then add functionality as and when we need it. It gives us the flexibility we need and allows us to scale our ALM and Basel II capabilities as we grow."
Marco Knaap, Director of Sales, Risk Management of Misys Banking Systems says, "Spain is a very important market for us, and we are pleased to be able to help CajaSur improve their ALM capabilities and at the same time prepare for Basel II compliance. Misys has had offices in Madrid and Lisbon for over a decade and this local strength together with our local partners means we can guarantee the quality of the service we deliver to CajaSur."
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About Misys Banking Systems
Misys Banking Systems supplies over 1,200 customers in over 120 countries, among them 90% of the world's top 50 banks (Source: The Banker, July 2004), with software and solutions for retail banking, wholesale banking, treasury and capital markets and risk management. It has 2,600 people around the world, over 70% of who are outside of the United Kingdom, and sales, implementation and customer support teams in over 28 countries. Misys Banking Systems is part of Misys plc.
Misys plc (FTSE: MSY), the global software company, is one of the world’s largest and longest-established providers of industry-specific software. Founded in 1979, Misys serves the international banking and healthcare industries and the UK general insurance industry, combining technological expertise with in-depth understanding of customers’ markets and operational needs. In banking Misys is one of the top four software providers worldwide and the largest outside the US, with over 1,200 customers, including 90% of the world’s top 50 banks. In healthcare Misys is a top five software provider in the US market, serving more than 92,000 physicians in 18,000 practice locations, 1,250 hospitals and 600 home care providers. In UK general insurance Misys is the market leader in software solutions. Through Sesame, a wholly-owned subsidiary, the company is also a leading provider of support services to over 8,000 financial advisers in the UK. Misys employs over 6500 people who serve cu
stomers in more than 120 countries. For more information, visit www.misys.com
Misys. Making things that really matter, work better.
For further information, please contact:
+44 (0)20 7269 7295
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