101 banks sign for Misys banking platforms in 2014
Misys, the leading financial software company, has been named a “Major Global Player” in the latest Global Banking Platform Deals report from Forrester Research. To achieve this recognition, Misys signed 101 new and extended banking deals in 2014, spread across three major regions. Of these, 22 were new named banks.
Forrester’s research report, “Customer Experience In Banking Needs More Than Just Channels”, was published as a result of Forrester’s Global Banking Platform Deals Survey 2014, which surveyed 32 vendors of globally and regionally deployed banking platforms about their 2014 deals. The report shows which vendors have had success in 2014 based on the number of deals achieved and the number of regions where they were located.
“A hundred and one banking deals in 2014 is phenomenal. These are banks either joining the Misys community, or extending their business with us as a trusted provider and we’re delighted to be working with them”, said Mark Yamin-Ali, Global Sales Director, Retail Banking, Misys. “The outside-in banking approach, which FusionBanking Essence facilitates, enables banks to create a truly customer-centric organisation, meeting the needs of millions of individuals. As banks continue to move away from monolithic, legacy solutions, they will turn to agile solutions like FusionBanking Essence.”
This recognition adds to the accolade that Misys received from another prominent analyst firm this year, with FusionBanking Essence being named a ‘Leader’ in Gartner’s Magic Quadrant for International Retail Core Banking, in November 2014.
The Misys FusionBanking offering is ideal for helping banks achieve the best customer experience possible, as it delivers a solution and roadmap to transform their operations from the “outside-in”. This means engineering the bank and processes around the needs of the consumer – it’s all about them.
The success of this approach is reflected in the popularity of its flagship retail banking solution, Misys FusionBanking Essence. Several new clients have licensed the solution in the last six months including Yoma Bank, one of the largest privately-owned banks in Myanmar, as well as two new challenger banks in Europe. Once these implementations are complete, FusionBanking Essence will be live across 31 countries around the world.
Misys reported deals in six regions, but three were discounted by Forrester.