Application software and services company Misys has selected IBM software to power its BankFusion platform and help banks develop new processes or adapt existing processes to meet the requirements of customers better.
Under the agreement, Misys is incorporating IBM business analytics, information management and application server software, including Business Process Server, into its BankFusion platform.
By incorporating IBM business analytics and application server software, clients will be able to install a proven, certified process management technology doing away with additional integration and testing of banking applications and clients can benefit from faster implementation of core banking projects and more flexibility in their operations.
In addition, Misys is also adopting IBM’s Information FrameWork and will work to ensure that the processes developed within its BankFusion solutions follow the framework’s comprehensive business and data models, which will enable Misys to accelerate the development of new banking processes.
Banks can now design complex workflows without custom programming using BankFusion and IBM’s extensive library of automated business processes, saving implementation time and resources.
Misys CTO Robin Crewe said with Misys BankFusion offerings now being available to customers with IBM’s software fully integrated as standard, banks will be able to improve processes in-flight and scale rapidly with no negative knock-on effects to customer experience.
"The adoption of the IBM Information Framework brings even greater focus on processes within our development methodologies and a tighter consistency of specification, design and delivery of business solutions. Our customers will see more value for their investment and a functionally richer system that can be implemented more rapidly through collaboration with IBM," said Crewe.
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IBM Information Management general manager Arvind Krishna said fnancial services clients are looking for faster and simpler ways to modernise core banking systems while keeping technology costs in line with growth strategies.
"The combination of Misys and IBM software can help clients better manage and analyze their data to meet these goals and set the stage for new products and services that provide a competitive advantage," said Krishna.
