Misys and SAP Partner to Help Banks Reduce IT Complexity and Cut Costs

Banks are looking for fewer, more strategic vendor relationships. The strength of SAP applications and its platform for banks combined with Misys’ domain expertise and leading position in the banking software sector will bring banks a rich technology platform and range of solutions available in the market today.
Under this agreement, SAP and Misys will work together on an integrated universal banking solution, based on Misys BankFusion that will run on the SAP NetWeaver platform. SAP and Misys will look at integrating SAP components, such as general ledger, into Misys BankFusion. It is intended that the universal banking solution will be jointly marketed by both companies.
In addition, the award-winning Misys Trade Portal and Misys TI Plus 2.0 will be endorsed by SAP to work with the existing SAP for Banking solution portfolio to offer banks a complete end-to-end solution, enabling market-leading trade services dedicated to a bank’s trade finance requirements.
The last element of the collaboration is the integration of SAP Customer Relationship Management (SAP CRM) into the Misys retail banking solution set to enhance capabilities for customer-oriented processes such as targeting, attraction and retention.
“A key part of our strategy is developing winning partnerships, and this is a powerful combination that brings together best-of-class solutions to build an offering that is unique in the marketplace,” said Mike Lawrie, Misys plc Chief Executive. “This allows us to reach markets that we have not been able to reach previously and will enable us to deliver results for new and existing customers. The application know-how and market presence from SAP combined with Misys’ domain expertise and market-leading position in banking software will enable global banks to get the best technology and a broader set of solutions from us.”
“This partnership is a fine example of SAP’s long-term strategy of co-innovation,” said Léo Apotheker, deputy CEO, member of the executive board and president, Global Customer Solutions and Operations, SAP AG. “It includes key aspects to enhance the SAP platform and add value to a bank without creating IT complexity. The deployment of leading partner solutions on SAP software and the SAP platform creates a win for banks by bringing together the best of two worlds. Co-innovation with a strategic partner like Misys is an important element in SAP’s growth in the banking sector and demonstrates our long-term commitment and investment in this market.”
The partnership between SAP and Misys is effective immediately although there is no material financial impact expected this calendar year.
View video messages from Mike Lawrie and Léo Apotheker here.

Source: SAP AG