Credit Union Central of Manitoba to Implement Misys Treasury Management Solution
Credit Union Central of Manitoba (CUCM), the trade association for Manitoba’s 52 credit unions, has become the first institution in North America to adopt a hosted treasury and risk management service from Misys. CUCM will implement Misys Opics Plus – a comprehensive treasury and capital markets solution for front-to-back office, cross-asset processing of a wide range of financial instruments – through a managed service. The platform operates in a software-as-a-service (SaaS) environment and will be used to manage CUCM’s CA$2bn investment portfolio. CUCM will use the service to transact and account fixed income and money market investments as well as interest rate swaps. It will also utilise Misys Eagleye, a monitoring and controls solution and Misys Opics Risk Plus, a market risk and portfolio management solution. The association hopes that these investments will allow it to further boost automation in its operations and strengthen compliance monitoring across its portfolio.