Misys Banking Systems says that three leading Asian financial institutions have all signed agreements to use Misys Summit for their treasury and capital markets requirements.
ICBC (China’s largest bank), Japan Post (Japan’s largest financial institution) and Asian Development Bank have all started implementing the front-to-back office solution. Each of the organisations will utilise Misys Summit for the pricing of complex structured trades and trade processing.
“Over the last year, we have seen a revenue growth of over 40 per cent in our China business alone,” says Alan Railton, the General Manager of Sales & Distribution, Treasury & Capital Markets Asia at Misys Banking Systems. “This is just one example of how rapidly our Asian business is expanding as financial institutions in the region focus on generating significant profits from more complex trading. Complex structured trades and derivatives are becoming increasingly popular in this rapidly moving market. These customers are typical of the more forward-thinking institutions that are adopting systems to manage the complexities of pricing, booking, risk management and regulation within a single solution.”