New ASP service for corporate treasury management launched by Misys

Corporate IT Update, June 7, 2004

CORPORATE IT UPDATE-(C)1995-2004 M2 COMMUNICATIONS LTD

Finance industry solutions provider Misys Wholesale Banking Systems has introduced a new ASP service, Misys Treasury.

Misys Treasury offers browser-based treasury management services for corporate treasurers and fund managers. It will incorporate the existing Misys CMS confirmation services.

The Misys Treasury service will be released in two phases, according to the company. The first release incorporates multi-bank electronic trade execution for foreign exchange and money market instruments, confirmation matching and the automatic population of settlement instructions.

The second release of the service is scheduled for launch later in the year and will introduce cash management and payments services.

The cost of the service was not revealed.

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