Misys, a leading financial software company, has launched its next generation platform for capital markets, which banks the ability to extend their existing systems without needing to upgrade or rip them out and start again.

As margins come under increasing pressure, banks are seeking to break down the silos created by the multiple ‘best-of-breed’ solutions that co-exist within their capital markets IT infrastructure. FusionCapital 2.0’s componentised architecture enables banks to do this today, giving them the ability to design their transformation roadmap in line with business needs, by simply changing or updating each component as required.

FusionCapital has been developed from the ground up to create an agile platform for banks. This represents a shift away from ‘black box’ solutions towards components that can be independently updated and reused across the entire platform. What’s more, bank’s existing best of breed solutions can leverage their capabilities, significantly increasing return on investment and lowering overall costs.

"Today's highly regulated markets with heavy operational obligations and capital demands will require new levels of cost efficiency and responsiveness,” said Cubillas Ding, Celent. "To be successful, a bank's journey needs to be strategic yet have evolutionary paths enabled by agile technology and flexible architectural capabilities."

“FusionCapital 2.0 delivers a unique proposition to banks, enabling them to simplify their legacy IT infrastructure for capital markets and introduce new functionality quickly and easily,” said Denny Dewnarain, global head Capital Markets, Misys. “More and more of our customers are looking for a technology solution that can help them to control risk, operate cost efficiently and monetise new opportunities.”

“We see post-trade processing as the logical first step in the transformation journey,” added Dewnarain. “Streamlining back office processes will not only increase efficiency and reduce risk; it also represents a new revenue stream for those banks who take a utility model approach and resell their services.”

FusionCapital has already enabled Natixis, a long-standing Misys customer, to consolidate its systems and reduce its per-trade back office costs.

“We started with fixed income and consolidated our systems onto the FusionCapital platform,” said Francois Le Guillou, IT Group manager, Natixis.

“We already have better oversight and control of our activities in this area and have been able to reduce per-trade costs as a result. Our next step is to have a single data source for fixed income and equity products, so that we can handle regulatory requirements more easily, as we will only need to make changes once, on a single application.” – TradeArabia News Service