HypoVereinsbank Upgrades Midas Confirmation Matching Solution
City Networks and its strategic partner Misys announced that HypoVereinsbank will implement the latest version of Misys’s Midas Confirmation Matching solution, powered by City Networks’ CityNet Matching. The upgraded solution will start in London and is expected to be rolled out to remaining treasury processing and matching branches, including New York, Singapore, Tokyo and Athens. The solution eliminates manual input and therefore provides a cost effective improvement by reducing operational costs and losses. The matching facility maximises match rates and highlights exceptions in real time, controlling the payment process based on the confirmation matching result.