Misys and S1 Form a Strategic Relationship

Misys Wholesale Banking Systems (Misys) and S1 Corporation have agreed to a five-year distribution agreement. In which Misys will distribute and implement S1s Enterprise retail, cash management and trade finance solutions throughout Europe, Africa, Middle East and Asia. The agreement gives Misys the distribution rights to the S1 Corporate Banking, S1 Personal Banking and S1 Trade Finance applications integrated on the S1 Enterprise Platform. This unique integrated platform will provide Misys with a single environment in which to build a cohesive range of multi-channel solutions for wholesale banks. Propositions to banks will include superior web based cash management solutions and trade finance capabilities that will enable them to better serve their corporate and SME/personal customers. Misys will provide appropriate migration paths for each of its existing ebanking products, as well as packaged interfaces from core Misys systems (such as Midas and Trade Innovation) to the S1 Enterprise solutions. Customers will benefit from a single, J2EE-based multi-channel solution that will increase revenue opportunities, reduce operational costs and improve customer retention. For S1, one of the leading suppliers of integrated front-end solutions for financial institutions, the relationship is an opportunity to extend its worldwide distribution channels and leverage Misys established services capabilities. The combined expertise of these two organizations will provide their customers with a single source for all their global front and back-office needs.