LONDON - Misys plc (LSE: MSY), the global application software and services
company, today announces it has successfully helped four banks complete Euro
conversion projects in Slovakia.
Tatra Banka, Dexia, Istrobanka and Volksbank all have converted their
core banking business to be able to adopt the Euro at the start of January
2009, supported by the dedicated team of professional services experts from
Misys.
Slovakia is the sixteenth country to join the single currency since its
launch in 1999. Its entry into the Eurozone means that 328 million out of the
EU’s 499m population use the Euro as their currency.
The Slovakian banks had to change their operations overnight, closing for
business on 31 December trading in Slovakian Crowns and had to re-open on 2
January trading in Euros. This “big-bang” approach meant that it was
critically important that each of the banks were converted quickly and
without error.
The four banks, all of whom have benefited from using the core banking
system, Misys Midas, for several years, needed to have a low-risk, efficient
and rapid conversion to ensure their customers saw no slip in the service
they were given. They turned to Misys for the solution and through a joint
funded development project, were given an extensive set of utilities that
made the conversion possible.
Professional services and funded development personnel at Misys alongside
its strategic development partner, HCL, worked with the staff at each of the
banks during 2008 to ensure that implementation was successful and that each
could go live with Euro compliant solution from 1 January 2009.
“It is great to see our customers benefiting so quickly from our
expertise in this area,” states Richard Watrasiewicz, Misys Professional
Services Director for Europe. “We’re delighted that we have had these
successful conversions in so many banks in Slovakia at this critical time for
the country. Each project ran within the allotted time and all the banks were
able to open for business as planned at the start of the new year and have
been trading in Euros without any issue since.”
Peter Novak, COO of Tatra, comments, “Thanks to the team of dedicated
professionals at Misys and HCL, we were able to continue our business without
any problems and most importantly, our customers saw no change in the service
they expect from us.”
“We are well known throughout the Slovakian market for our high level of
customer service.” Dirk Hoebeeck Dexia Group CIO adds. “With the strong team
formed between our own staff and the skilled team from Misys and HCL, we were
always confident that we were able to maintain this standard of excellence
when we went live.”
Reinhold Rehbichler, Managing Director of Volksbank IT-Services GmbH,
remarks on the speediness of the project, “It is a true testament to the
expertise and professionalism of the Misys/HCL team that we were able to go
ahead with our conversion without a hitch. We look forward to continuing to
work with Misys and keep benefiting from the advanced functionality of its
banking system, Midas.”
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 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.
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
For further information please contact
Edward Taylor
Global Head of Public Relations
Misys Solutions for Banking
+44(0)20-3320-5530
edward.taylor@misys.com
Sebastian Mathews
Financial Dynamics
+44(0)207-269-7158
sebastian.mathews@fd.com
Source: Misys plc
For further information please contact: Edward Taylor, Global Head of Public Relations, Misys Solutions for Banking, +44(0)20-3320-5530, edward.taylor at misys.com; Sebastian Mathews, Financial Dynamics, +44(0)207-269-7158, sebastian.mathews at fd.com
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