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BOI rolls out Misys Midas Plus

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CIOL Bureau
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BANGALORE: Misys Banking Systems today announced that Bank of India (BOI) has rolled out Misys Midas Plus for its 16 international branch-banking operations.

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This is the first time that a bank has rolled out a packaged core banking system across three continents managing processes from a single hub.

Centering its operations in Singapore, BOI, has implemented Misys Midas Plus with global processing across 16 branches and seven time zones, covering its operations in US, UK, France, Cayman Islands, Singapore, Hong Kong and Japan.

According to a Misys statement, Midas Plus provides BOI with a single, real-time, consolidated view of its worldwide business, with all functionality managed centrally. This includes transaction processing across treasury and capital markets, commercial lending, trade finance, payments and retail services with straight-through processing capabilities.

BOI has unified its business practices and global data-mining capabilities across its international operations and business lines by implementing Misys Midas Plus. The solution also gives BOI the ability to have a common core banking system across different geographies running on a centralised infrastructure and single J2EE technology architecture, a statement said.

D Krishnamurthy, general manager of IT, BOI, said, “Misys Midas Plus represents the most advanced banking application in the market today and the excellent teamwork with our own project teams and extensive support from Misys has meant an extremely fast rollout. We are delighted with the successful live system we now have and we look forward to continuing our partnership with Misys further in the future.”

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