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Amsterdam Trade Bank (ATB) has said that it has entered into an agreement with Misys to streamline its banking, treasury and trade finance operations.
The move signals our commitment to continuing our growth in the US and opens up significant potential to expand our relationships across the region's vibrant financial services ecosystem," said Nadeem Syed, CEO of Misys. Misys, which provides banking, capital markets, investment management and risk solutions to 48 of the world's 50 largest banks, will join several prestigious tenants of 285 Madison Avenue, including General Electric Company, MetLife's Brighthouse Financial and Tommy Hilfiger.
Proceeds from the sale, along with money from new borrowings, will be used to repay existing debt, Misys said.
At its regional banking event titled "The Digital Frontier: Banking Redefined" held in Dubai during November 2015, the Misys Connect Forum gathered its top global team and over 100 customers and industry delegates for a two-day conference with the aim of networking with its clients and connecting them with each other for the airing and sharing of business process concerns and experience with Misys solutions.
Misys is now using a single unified instance of NetSuite OneWorld to run business processes including key financial reports, billing, procure to pay, order-to-cash, revenue recognition, multi-currency, multi-language, intercompany transactions, and multi-country taxation compliance.
Misys Global Managed Services (GMS) has been operating a SWIFT interface for many years, connecting its commercial customers to the world's financial community.
According to the FT article, Vista Equity has hired bankers to gauge interest in Misys. The move reflects Vista Equity's drive to capitalise on the upswing in the banking sector and rising buyer appetite for technology-based companies, the newspaper added.
Brian Gibson, VP Partnerships and Ecosystems, Misys, said, "Having officially launched the Programme to the market in January we are absolutely delighted with the positive feedback and reaction we have received from our partners and our clients.
Misys claimed an industry first in allowing banks to provide
JCS will offer free software demonstrations, onsite setup, consulting and class room training for MIsys. “Our experience tells us that in general people who attend training classes are happier with their software and need less on-going support,” said Mark Bartnik, JCS'sTraining Center Manager.
Application software and services company for financial services, Misys plc, announced on Thursday that European Bank and financial services company Societe Generale has gone live on Misys' ASP version of Summit FT, a solution for cross-asset front-to-back trading including derivatives and structured products.
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