LONDON -
- Bank Upgrades to Latest Version of Midas Plus to Cater for Over Five Million Accounts
Misys (LSE:MSY), the global application software and services company, today announced that Moscow-based ZAO Raiffeisenbank, a subsidiary of International Bank-Holding AG, which is part of Austrian RZB Group, has gone live with the latest core banking solution, Misys Midas Plus 1.4. As a long-standing customer of Misys and a consistent innovator, Raiffeisenbank was keen to gain the benefits from the latest available core banking technology as soon as it was available.
Raiffeisenbank is the Russian subsidiary of Raiffeisen International Bank-Holding AG, which is part of RZB Group, the central institution of Austria’s largest banking group. Raiffeisen has been operating in Russia since 1996. With its constantly expanding network in Central and Eastern Europe, Raiffeisen has developed into one of the region’s leading banking groups. It was awarded the title “Bank of the Year” in Central and Eastern Europe (CEE) by The Banker magazine in autumn 2008, Global Finance magazine in spring 2009 and Euromoney magazine at the beginning of this month. The banking group has been a Misys customer for over a decade and during that time has regularly worked with the dedicated team to make use of the most modern technology.
Raiffeisenbank has expanded continuously since it first opened its offices in Russia and Misys has always worked in partnership by underpinning the growth with market-leading solutions keeping pace with the increase in volumes and customer demands from the region’s retail banking sector. Raiffeisenbank is today the 9th largest bank in Russia in terms of assets and runs more than 230 branches across the country. Because of the scale of the operations in the region, Raiffeisenbank has witnessed particularly high lending and funds transfer volumes and has seen a significant increase in retail account activity.
Building on the recognised strengths of Midas, the latest version - Midas Plus 1.4 - supports a wide range of business areas and uses the latest tools and development environments to introduce significant new capabilities, making it more robust and improving its ability to scale as the bank grows its operations and increases volumes of transactions.
Mr. Schoefboeck, COO of Raiffeisenbank Russia comments: “The bank had a strong business need to migrate to Midas Plus as quickly as possible. We were looking for a new system platform to support our future growth. The bank and Misys formed a strong experienced team to ensure the rapid implementation of the latest version of Midas Plus. Thanks to the strong team and partnership between Raiffeisenbank and Misys, the migration went very smoothly and successfully.”
“Russia and CEE has seen rapid development over the past decade and Misys has been able to work alongside Raiffeisen to support the bank’s growth in that market,” adds Richard Watrasiewicz, Director Professional Services Europe, Misys. “Misys Midas Plus 1.4 is the latest core banking solution which will enable Raiffeisen International Bank to manage its growth smoothly, whilst continuing to innovate its services and maintain the high levels of customer satisfaction it attains.”
About Misys plc
Misys plc (LSE:MSY), 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
ZAO Raiffeisenbank is a subsidiary of Raiffeisen International Bank-Holding AG. Raiffeisenbank is ranking 9th in terms of assets among the Russian banks based on 1Q 2009 results (Interfax-CEA). According to Interfax-CEA, ZAO Raiffeisenbank ranked 4th in Russia in terms of private deposits and 6th in consumer lending in Russia based on 1Q 2009 results.
Raiffeisen International operates one of the largest banking networks in CEE. 17 markets in Europe’s growth region are covered by subsidiary banks, leasing companies and a range of other financial service providers. The group’s more than 62,000 employees service over 14.9 million customers via more than 3,200 business outlets. Raiffeisen International is a fully consolidated subsidiary of Raiffeisen Zentralbank Osterreich AG (RZB), which owns about 70 per cent of the common stock. The remainder is in free float and the shares are listed on the Vienna Stock Exchange. RZB is a leading corporate and investment bank in Austria and the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group.
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 edward.taylor@misys.com Sebastian Mathews FD +44(0)20-7269-7158 sebastian.mathews@fd.com
Source: Misys plc
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, edward.taylor at misys.com; Sebastian Mathews, FD, +44(0)20-7269-7158, sebastian.mathews at fd.com.
Related Press Releases
Misys achieves IBM Banking Industry Framework certificationSeptember 13th, 2009 LONDON and HONG KONG -
- Misys Message Manager now Available for IBM Clients Looking for a SWIFT and Payments Solution
Misys (LSE: MSY.L), the global application software and services company, today announced that its payments solution, Misys Message Manager (MMM), has achieved IBM's Banking Industry Framework certification. The certification means that clients now have the option of benefiting from Misys and IBM expertise when modernising their SWIFT and payments solutions.
Misys - Preliminary Results Interview With CEOJuly 22nd, 2009 LONDON - Misys, the banking and healthcare software group, reported continued growth despite the turmoil in financial markets. The group's full year results have been boosted by a market beating performance at its Allscripts/Misys healthcare joint venture in the US.
Misys Voted Best Technology Provider for its Trade Services SolutionsJuly 12th, 2009 LONDON - Misys plc (LSE: MSY), the global application software and services company, today announces that it has been voted Best Technology Provider in the annual awards organised by the international publication, Trade & Forfaiting Review, beating all the other vendors in the trade finance market. Misys was awarded the accolade based entirely on the votes of professionals in the trade finance industry.
Misys Trade Portal and Misys Trade Innovation Plus Achieve "Powered by SAP NetWeaver(R)" CertificationJuly 5th, 2009 LONDON - Misys plc (LSE: MSY), the global application software and services company, today announced that it has achieved "Powered by SAP NetWeaver(R)" certification for both Misys Trade Portal, its front-end trade finance portal, and Misys Trade Innovation Plus (TI Plus), its back-office trade finance processing engine. The SAP(R) Integration and Certification Center has certified that Misys Trade Portal 4.0 and Misys TI Plus 2.0.1, both J2EE 1.4/EE 5 specification-compliant applications, can now be deployed and run on the SAP NetWeaver Composition Environment (SAP NetWeaver CE) 7.1 offering.
Misys Broadens Confirmation Matching Service to Cover Full Metals SuiteJune 22nd, 2009 LONDON - Post-trade Matching of Precious Metals Extended Across all Metal Trade Transactions
Misys plc (FTSE: MSY.L), the global application software and services company, today announces it has extended its Confirmation Matching Service to cover the additional asset class of base metals within its Metals Suite. This extended capability within Misys world-leading matching engine brings more benefits to customers performing any metal trade.
Misys Builds on Long-Standing Success by Winning two Awards From Structured Products MagazineJune 9th, 2009 LONDON - Misys Summit FT Recognised in Five key Categories in the First Annual Rankings Technology Survey
Misys plc (LSE: MSY.L), the global application software and services company, today announces that its Misys Summit FT solution has been awarded a top-three classification in five categories in Structured Products Magazine's Annual Technology Rankings, building on the significant success it has enjoyed since the magazine's inception in 2004. Misys this year has been named as the leading provider of trading systems for FX and also for rates, and is also a top-three provider in five rankings categories overall, including cross-asset trading systems, credit risk management & credit trading systems.
European-Russian Bank Implements Misys Midas in Record Time to Start Servicing Customers in EU TerritoryApril 22nd, 2009 LONDON - Misys plc (LSE: MSY), the global application software and services company, today announces that European-Russian Bank,a.s. (Evropsko-ruska banka, a.s.), a Czech-based subsidiary of the First Czech-Russian Bank, Llc, Moscow, has successfully implemented Misys Midas.
Societe Generale is Live With Misys Solution to Support its Asset Servicing and Custody Services BusinessApril 1st, 2009 LONDON - Societe Generale Securities Services has Gone Live With Misys Summit FT
Misys, the global application software and services company announced today that Societe Generale Securities Services (SGSS) has gone live with the Summit FT integrated solution to support its growing asset servicing and custody services business in Paris, France. SGSS has experienced strong growth in demand from asset management firms, insurance companies and other buy-side institutions looking to trade OTC derivatives and structured products.
Bank of Ningbo Successfully Completes Implementation of Trade Processing Solution From MisysMarch 11th, 2009 LONDON - Bank Goes Live on Misys Opics Plus to Manage Increased Number of Trades
and Strengthen Risk Practices
Bank of Ningbo Co. Ltd (Bank of Ningbo), one of China's leading
publicly-listed city commercial banks, has successfully implemented a
powerful trade processing solution at its Ningbo head office from Misys, the
global application software and services company.
Misys Central to Euro Conversion in SlovakiaMarch 10th, 2009 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.
Related News
Allscripts-Misys Healthcare Solutions says sales will boost 4th-quarter, fiscal year resultsJune 25th, 2009 Allscripts says sales will boost financial resultsCHICAGO — Allscripts-Misys Healthcare Solutions Inc. said Wednesday it could see better-than-expected fourth-quarter and full-year results because of higher sales.
Consumer forum rejects compensation plea of Satyam investorsMay 11th, 2009 NEW DELHI - A consumer redressal forum Monday to hear an investor body's petition seeking a compensation of nearly Rs.5,000 crore (50 billion) for 300,000 retail shareholders of fraud-hit Satyam, saying it is not equipped to deal with such cases. 'We do not have the infrastructure to deal with such kind of petition...Central Bureau of Investigation (CBI) and Company Law Board (CLB) are already seized with the matter,' observed a bench of the National Consumer Disputes Redressal Commission (NCDRC) while rejecting the Midas Touch Investors Association's (MTIA's) petition.
US urges Russia, Ukraine to end gas disputeJanuary 6th, 2009 WASHINGTON - The US urged Russia and Ukraine Tuesday to end their dispute over natural gas supplies that has caused a sharp decline in shipments throughout Europe. 'Russia and Ukraine should get together, come to the table, work out the differences that exist between them in what would appear to be a commercial dispute,' State Department spokesman Sean McCormack said.
Vessel with 1.5 tonnes of crab detained in RussiaSeptember 14th, 2009 Yuzhno-SAKHALINSK - A vessel carrying 1.5 tonnes of crab that was caught illegally in Russia's economic zone has been detained, a coast guard spokeswoman said Monday. The Cambodian-flagged Slava vessel, with a crew of 12 Russians, two Koreans and seven Indonesians, also had fishing equipment on board.
EU optimistic it can renew ties with Russia, forge closer cooperationApril 28th, 2009 EU optimistic on renewing ties with RussiaLUXEMBOURG — The European Union's foreign policy chief says he is optimistic the European Union can follow the lead of the U.S. in rebuilding ties with Russia.
Number of drug addicts in Russia reaches 2.5 mn: OfficialMarch 3rd, 2009 MOSCOW - Up to 2.5 million Russians, including 140,000 minors, are drug addicts, an official said Tuesday. 'The overall number of drug addicts in our country is between 2 and 2.5 million people between the ages of 18 and 39,' said Viktor Ivanov, the head of the Federal Drug Control Service.
Russia to deliver MiG-29 engines to IndiaAugust 21st, 2009 ZHUKOVSKY - Russia will deliver 26 engines for upgrading the MiG-29 combat jets of the Indian Air Force (IAF), with another 120 to be assembled in India, following an agreement with the Hindustan Aeronautics Ltd (HAL) at the ongoing MAKS 2009 air show near Moscow, officials said Friday. The RD-33/series 3 engine, being delivered by state-run arms exporter Rosoboronexport, is an upgraded version of the powerful RD-33 turbofan with thrust vectoring for the MiG family of fighters.
Russia says it's ready to fully restore cooperation with NATOSeptember 30th, 2009 Russia ready for restoration of ties with NATOMOSCOW — Russia is ready to fully restore cooperation with NATO which was suspended in the aftermath of the Russia-Georgia war, the Kremlin said Wednesday. A planned trip to Moscow by NATO's secretary-general should demonstrate that the alliance is also ready for developing ties, said Nataliya Timakova, a spokeswoman for President Dmitry Medvedev.
Gorbachev claims Europe 'misunderstands' RussiaMay 14th, 2009 LONDON - Mikhail Gorbachev, the erstwhile Soviet Union's last president, has said that Europe still misunderstands Russia nearly two decades after the Soviet Union collapsed. Gorbachev, who resigned in 1991, said Russia does not want military conflict but suggested it should be treated as an equal.
Kremlin adviser: Russia may put part of its currency reserves in bonds of China, Brazil, IndiaJune 16th, 2009 Russia may put some reserves in BRIC bondsYEKATERINBURG, Russia — The Kremlin's top economic adviser says Russia may put part of its currency reserves in bonds issued by Brazil, China and India. Arkady Dvorkovich says Russia could make the move if the other three nations reciprocate.
