Misys

 

Misys

Software/Tools/Platform

Software Name*

Misys

Description
*

Misys was a global financial software company that provided a wide range of software solutions for banks, capital markets, investment management, and insurance companies. It played a key role in offering systems that supported core banking, lending, payments, trading, risk management, and other financial services operations. In 2017, Misys merged with D+H Corporation, another financial technology firm, to form Finastra, one of the largest financial software companies globally.

Here’s an overview of Misys before it became part of Finastra:

Key Areas of Focus for Misys:

1. Core Banking Solutions:

   • Misys was well known for its core banking platforms, which were used by many banks globally to manage customer accounts, process transactions, and streamline back-office functions. Its systems enabled banks to enhance operational efficiency and improve the customer experience.
   • Example: Misys BankFusion was a popular core banking platform that allowed banks to automate banking processes, integrate services, and support multiple channels (online, mobile, branch).

2. Treasury and Capital Markets:

   • Misys offered a wide range of treasury and capital markets solutions that catered to trading, investment, and risk management activities. These solutions provided real-time access to data, enabled efficient trading, and helped manage risks across financial instruments.
   • Example: Misys FusionCapital was a comprehensive suite for capital markets and treasury, covering front-to-back-office trading, risk management, and regulatory compliance.

3. Lending Solutions:

   • Misys provided software for lending management, helping banks and financial institutions automate the loan origination process, streamline approval workflows, and manage the entire loan lifecycle. These platforms were used for consumer, commercial, and mortgage lending.
   • Example: Misys Loan IQ was one of its flagship products, offering full coverage of loan management, from origination to servicing and secondary market trading.

4. Risk Management and Compliance:

   • Risk management was another important area for Misys, offering solutions that helped banks and financial institutions manage credit risk, market risk, and liquidity risk, while ensuring compliance with local and international regulations.
   • Example: Misys FusionRisk provided a suite of tools for managing financial risks and meeting regulatory requirements such as Basel III.

5. Investment Management:

   • Misys also offered systems for investment management that helped asset managers, hedge funds, and other financial institutions manage portfolios, analyze investment performance, and ensure compliance with investment guidelines.
   • Example: Misys Sophis was a well-known portfolio and risk management solution that catered to both buy-side and sell-side institutions.

6. Payments Solutions:

   • Misys had a strong focus on payments solutions, offering products that helped banks manage domestic and international payments, including real-time payments and cross-border transfers. These systems were built to handle large transaction volumes efficiently while maintaining security and regulatory compliance.
   • Example: Misys Payment Manager enabled banks to handle a wide variety of payment formats and channels, including SWIFT, SEPA, and local clearing systems.

7. Digital Banking and Customer Engagement:

   • As part of its strategy to support the digital transformation of banks, Misys provided solutions that helped financial institutions improve customer engagement through digital channels like online and mobile banking. Their products enabled banks to offer personalized services and seamless user experiences.
   • Example: Misys FusionBanking Essence was a digital banking platform that provided end-to-end services across online, mobile, and branch channels, helping banks create more personalized interactions with customers.

Merger with D+H and the Creation of Finastra:

In 2017, Misys merged with D+H Corporation, a Canadian-based financial technology company that specialized in payments, lending, and core banking solutions. Together, they formed Finastra, which became one of the largest fintech companies in the world.

• D+H Corporation: Prior to the merger, D+H was a leader in payments, core banking, and lending solutions, particularly in North America. The merger with Misys allowed the combined entity to expand globally and offer a more comprehensive portfolio of financial software products.

Finastra: The Legacy of Misys and D+H

Following the merger, Finastra retained much of the software products and expertise from both Misys and D+H, creating a broader range of solutions for financial institutions across the globe. Finastra has since become a market leader in financial software, with products that cover retail banking, corporate banking, capital markets, payments, lending, and risk management.

• FusionFabric.cloud: A key innovation under Finastra has been the development of FusionFabric.cloud, an open platform that allows financial institutions to build, integrate, and deploy fintech applications through APIs. This platform reflects Misys’s legacy of innovation and focus on digital transformation.

Key Solutions Under Finastra (Previously Misys):

1. FusionBanking Essence (formerly Misys BankFusion): Core banking and digital banking services.
2. FusionCapital (formerly Misys FusionCapital): Treasury, trading, and capital markets.
3. FusionRisk (formerly Misys FusionRisk): Risk management solutions for financial institutions.
4. FusionLoan IQ (formerly Misys Loan IQ): Comprehensive loan management for syndicated and bilateral loans.
5. FusionInvest (formerly Misys Sophis): Investment management and portfolio management.

Category

Banking

Website Link*

https://misysinc.com/

Price

https://misysinc.com/pricing/

Subscription Plan ( Ex. Monthly, Yearly )

G2 Link

https://www.g2.com/products/misys/reviews

Language Support

English

Key Features

Social links

https://www.facebook.com/MISysSoftware/