Misys Launches ASP-based Corporate Treasury Solution
A new ASP service providing browser-based treasury management services for corporate treasurers and fund managers has been launched by Misys Wholesale Banking Systems. The first release of Misys Treasury incorporates multi-bank electronic trade execution for foreign exchange and money market instruments, confirmation matching and the automatic population of settlement instructions. Existing confirmation services known previously as Misys CMS will now be merged with, and become part of, Misys Treasury. Misys said that the increase in straight-through processing (STP) provided by the solution will tell the treasurer when trades have been confirmed by their SWIFT counterparties, reducing operational risk and streamlining workflow within their organisation. It added that use of ASP technology will enables multi-bank connectivity ‘while avoiding the costly infrastructure, hardware and software traditionally associated with sophisticated treasury management systems‘. The second release of the service, scheduled for autumn launch, will introduce cash management and payments services.