LONDON - Union Bank Goes Live on Misys Opics Plus v3.0 in Just Four Months
Misys (LSE: MSY), the global application software and services company, today announced that Union Bank, N.A., a California-based commercial bank, has gone live with Misys Opics Plus v3.0, the latest release of Misys’ powerful Treasury and Capital Markets operations solution. The new solution will support Union Bank’s Foreign Exchange and Money Markets treasury operations, delivering improved efficiency and greater transparency on a newly re-engineered .NET service-oriented architecture.
Union Bank originally selected the Misys Opics solution in 1997. Having continually worked closely with Misys to expand their usage of the system and implement the latest and most innovative treasury developments, Union Bank has always been at the forefront of using the latest treasury technology from the award-winning solutions provider. Misys Opics Plus v3.0 is designed to support financial institutions with technology powerful enough to handle the evolving requirements of the global marketplace.
Union Bank first opened its doors more than 145 years ago and has been dedicated to offering its customers comprehensive financial solutions ever since. Currently the 16th largest commercial bank holding company in the US, it has always strived to deliver the best customer service for the most up-to-date range of products and relies on Misys to support it in delivering on these goals with respect to its Foreign Exchange business.
Bradley Shairson, SVP and Head of FX and Derivatives at Union Bank comments: “We have been working with Misys for over a decade now and have been impressed by not only the enhancements that result from the new Opics Plus solution, but with the Misys team that provided strong, dedicated support during the upgrade process. We are very pleased that we made the decision to upgrade to Opics Plus v3.0. We are confident that this newest version will help us to deliver even more efficient services to customers.”
Misys Opics Plus is a comprehensive, highly scalable treasury and capital markets solution for front-to-back office, cross-asset processing of a wide range of financial instruments. Misys Opics Plus combines unparalleled integration across financial instruments and consolidation of processes across the different departments of a financial institution. As a result, it is the ideal solution for financial institutions looking to reduce costs through adopting a centralised approach to systems and operations.
The platform handles vanilla and complex derivatives, fixed income, equity and treasury trades and is useful for a wide range of functions including money markets and foreign currency business.
“Opics Plus v3.0 is the culmination of more than three years of investment by Misys to convert a legacy client server application to a pure .NET Service Oriented Architecture,” comments Ed Ho, EVP and General Manager, Misys Treasury & Capital Markets. “The Opics Plus team has worked very closely with Microsoft during this period. It has won Microsoft’s Windows in Financial Services Innovation Award and the results of the volume-based benchmarking tests on the solution are outstanding.”
Misys Solutions for Treasury & Capital Markets has 19 years of 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 UnionBanCal Corporation
Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $68.7 billion at March 31, 2009. UnionBanCal Corporation is the 16th largest commercial bank holding company in the U.S. based on assets at March 31, 2009. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. Union Bank is California’s fifth-largest bank by deposits. The bank has 335 banking offices in California, Oregon, and Washington and two international offices. UnionBanCal Corporation is a wholly owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. (NYSE: MTU). Visit www.unionbank.com for more information.
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
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
European CEO Foreign Exchange Awards, 2009September 22nd, 2009 LONDON - Many consider Foreign Exchange as one of the most important sectors within financial markets, and an unlikely benefactor of the global economic downturn. Remaining as one of the most liquid areas throughout the last few months, it has been interesting to see which companies took the opportunity to improve their services and reap the rewards of the newfound appeal of trading in currencies.
Misys Expands Confirmation Matching Service to Automate OTC Derivative and Commodity Post-Trade ProcessingSeptember 8th, 2009 LONDON - Misys plc (LSE: MSY), the global application software and services company, today announces it has extended its world-leading post-trade confirmation solution, Misys Confirmation Matching Service (CMS), to handle OTC derivative and commodity fax confirmations. Today many OTC structured trades must be delivered by fax due to lack of standards.
Misys Gains Hat-Trick of 2009 SWIFTReady Accreditations for its Transaction Banking SolutionsAugust 5th, 2009 LONDON -
- Misys Message Manager Wins the Financial EAI Label
- Misys TI Plus Obtains the Trade Finance Label
- Misys Trade Portal Gains the Latest TSU Accreditation
Misys plc (LSE: MSY), the global application software and services company, today announces that it has won three separate SWIFTReady accreditations for its transaction banking solutions. SWIFT initiated the SWIFTReady Label programme over 10 years ago to maintain the highest standards for third party applications and service providers.
Raiffeisenbank in Russia Goes Live With Misys Midas PlusJuly 21st, 2009 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.
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.
Nordic Investment Bank Implements Misys Opics Plus for Enhanced Treasury Management Across All Asset ClassesJune 30th, 2009 LONDON - Nordic Investment Bank (NIB), an international financial institution (IFI) owned by eight Nordic countries, has gone live with Misys Opics Plus. The Misys solution will cover the entire bank's requirement for bank proprietary treasury trading and corporate activity and will operate across all asset classes in the treasury back office.
OSEO Selects Misys Summit FT to Support its Treasury BusinessMay 12th, 2009 LONDON - Misys Summit FT Solution to be Deployed Throughout Front-to-Back Office as French State Agency Looks to Maximise its Support to France's SMEs
Misys (LSE: MSY.L), the global application software and services company, today announced that OSEO, the French state-backed company that provides financial support to small and medium sized businesses, has selected Misys to support its entire treasury business. Misys Summit FT has been chosen to deliver full front-to-back office cross asset coverage and deliver a robust risk management solution to the organisation.
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.
Misys Unveils Latest Real-Time Collateral Management Solution for Banks and Investment ManagersMarch 15th, 2009 LONDON - Major Module Enhanced Within Misys Summit FT to Provide Improved
Management of Counterparty Risk and Collateral on a Real-Time Basis
Misys (LSE: MSY), the global application software and services
company, today announced its latest solution for collateral management -
Misys Summit FT Collateral Management - to meet the needs of financial
institutions looking to closely manage counterparty risk. The solution
enables banks and investment managers to make better decisions on trade
viability and the level of collateral required through real-time tracking and
assessment of collateral levels, an essential service in current market
conditions where collateral values can change quickly.
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.
Related News
NASA announces green aircraft challengeAugust 2nd, 2009 WASHINGTON - The NASA Innovative Partnerships Program and the Comparative Aircraft Flight Efficiency (CAFE) Foundation have announced the Green Flight Challenge, which is a flight efficiency competition for aircraft that can average at least 100 mph on a 200-mile flight while achieving greater than 200 passenger miles per gallon. The prize for the aircraft with the best performance is 1.5 million dollars.
Indian Institute of Management Bangalore selects SunGard Higher Education solutionJuly 16th, 2009 BANGALORE - The Indian Institute of Management Bangalore (IIMB) has selected SunGard Higher Education's Banner Unified Digital Campus (UDC) solution to help increase efficiencies in course administration, improve student services, and enhance capabilities for collaboration with institutions in India and worldwide. "SunGard truly understands the global language of higher education," said Professor Pankaj Chandra, Director, Indian Institute of Management Bangalore.
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.
Western Union testing new overnight delivery of money transfer cards in MissouriApril 24th, 2009 Western Union testing prepaid cards in MissouriKANSAS CITY, Mo. — Money-transfer agent Western Union is testing a new service that allows customers to send money overnight without requiring the recipient to go to a Western Union location.
Pawar calls for innovative technologies to face complex problems in farming sectorJuly 16th, 2009 NEW DELHI - Union Agriculture Minister Sharad Pawar today cautioned farm scientists against complacency and reminded them that agriculture was faced with much more complex problems than before. Addressing scientists at the foundation day of the Indian Council of Agricultural Research (ICAR) here today, Pawar said, 'Agriculture today is faced with much more complex problems of climate change, decreasing efficiency of input and new emerging issues of world trade.
Allahabad Bank, UAE firm tie up for remittance facilityMarch 30th, 2009 KOLKATA - City-based Allahabad Bank signed a pact Monday with the Gulf-based money transfer and exchange house UAE Exchange and Financial Services for promoting its own money transfer services, the company said here. According to the state-owned bank's chairman and managing director K.R.
India, Britain see progress at G20 in tackling tax havensApril 1st, 2009 LONDON - India and Britain see progress at the G20 in addressing the lack of transparency among tax havens that hide behind strict secrecy laws in their banking system to protect people who park their funds with them. Briefing reporters after a meeting between Prime Minister Manmohan Singh and his British counterpart Gordon Brown, Foreign Secretary Shivshankar Menon said G20 leaders were coming to a consensus on the need to share information on bank accounts by the tax havens.
India for transparency in dealing with secret bank accountsMarch 30th, 2009 NEW DELHI - India has no action plan yet on how to get information on money allegedly stashed away by its nationals in secret bank accounts abroad, but its position is that there must be transparency in such disclosures, Foreign Secretary Shivshankar Menon said Monday. Briefing reporters on the eve of Prime Minister Manmohan Singh's visit to London for the G20 summit on April 2, the foreign secretary said demands were being made by some countries, and in international fora, for transparent system of disclosures by banking authorities.
Markets hold up in wake of weak GDP numbersFebruary 28th, 2009 MUMBAI - Indian equities markets Friday managed to hold their own in the face of depressing GDP growth numbers and uncertainty prevailing in global markets as a key index at the Bombay Stock Exchange ended trade merely 0.71 percent lower than its last close. The 30-scrip Bombay Stock Exchange (BSE) Sensitive Index (Sensex), which opened at 8,944.11 points, closed at 8,891.61 points, down 0.71 percent or 63.25 points from Thursday's close.
Markets close in red, foreign investors pull out $74 mnFebruary 21st, 2009 MUMBAI - Indian equities markets had a rather dismal day of trading Friday, the last trading day of the week, as a key index fell 2.21 percent from its previous close, and foreign institutional investors (FIIS) turned net sellers. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange closed at 8,843.21 points below the psychologically important 9,000-mark, down 2.21 percent or 199.42 points from its previous close of 9,042.63 points.