London-based software company Misys has launched a new core banking solution called Misys FusionBanking Essence which enables banks to transform their retail and SME banking businesses.
Misys FusionBanking Essence is designed as a new, open componentised banking solution, which integrates the recently acquired digital channels solutions with the componentised core FusionBanking system, in-memory analytics engine and a range of applications.
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The solution enables banks to unlock data in the core system to profile customers, which can be used to offer more customised services.
It also gives banks the ability to provide a seamless integrated experience across all channels.
Misys claims that its solution reduces the time taken to design and create new financial products by up to 60%.
While talking to Finextra, Misys head of product management Boris Lipiainen said, "Progressive banks are looking to transform their banking operations into streamlineed, customer-centric profit drivers, through front-end applications and channels."
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By GlobalData"FusionBanking Essence provides an alternative that not only de-risks the transformation, but accelerates banks’ ROI from the channels, through the middle office, to the core system."
