Misys launches Misys FinCloud

Misys announced it is launching Misys FinCloud, a new range of Cloud solutions and global Cloud environment that will offer their clients security, performance and operatings in Cloud operations in the financial services industry.

Misys FinCloud solutions will give the clients an opportunity to consume Misys solutions rather than licensing and running them themselves, freeing up their IT resources to focus on strengthening their competitive edge and growing their business. Offered on elastic, consumption-based charging models, Misys FinCloud clients pay for what they use.

“The financial services industry is evolving faster than ever before and we are seeing our customers embarking on wholesale digital transformation projects,” said Tom Dawkins, Global Head of Cloud Enablement at Misys. “Cloud technology is a key enabler of this change. We are enabling all Misys solutions for the Cloud to offer our customers the choice of on-premise or Cloud deployment. And, the Misys FinCloud guarantees the highest levels of security and service delivery for our clients. Today we are launching new Cloud solutions into each of our four main lines of business – this is a first wave of Misys FinCloud solutions to be launched and we look forward to announcing more as they come on line.”

Misys is working with carefully selected partners to operate the infrastructure components of the Misys FinCloud including Rackspace and NTT Communications.

“At Rackspace we specialise in providing managed hosting solutions that can be tailored to customers’ needs, backed by a customer-centric service branded Fanatical Support®, with engaged employees who provide exceptional customer support to maintain loyal customers,” said Ryan Ohls, senior manager at Rackspace. “It is this combination of service excellence and expertise we recognise in Misys, so we are excited to deliver cloud solutions to Misys clients in North America. By working with Rackspace, Misys can enable banks and financial institutions to respond quickly to real customer needs and enjoy a competitive edge in the market.”

Masaaki Moribayashi, Managing Director, NTT Communications, adds: “At NTT Communications we know that Cloud adoption is a key strategic priority for many of the region’s banks. Partnering with Misys on the Misys FinCloud marries up our highly available, secure infrastructure technology with Misys market-leading solutions and application management expertise. Together we will partner with financial institutions on their digital transformation journey towards the Cloud helping them to innovate, accelerate and succeed – all the while enjoying the highest levels of compliance and cost efficiencies.”

The FinCloud provides banks with faster implementations and better access to the latest innovations. The company is launching new Cloud solutions in all four business areas, including retail banking, corporate banking, treasury and capital markets and investment management.