Misys Brings Next Generation Digital Channels SaaS Offering To The US

Published 

FusionBanking Essence Digital enables banks to leapfrog the competition with award-winning mobile and online banking capabilities

CHICAGO – Misys, the leading financial software company, yesterday announced the launch of its digital channels solutions to the US market – based on a Software-as-a-Service (SaaS) model. These award-winning mobile and online banking applications are recognized for their uniquely customizable interfaces and advanced sales capabilities. US banks will be able to turn their mobile and online banking businesses into their most successful sales channels.

174 million people in the US own a smartphone, equating to 72% of the mobile market and 54% of the total US population[1]. Yet only 1.1% of banks’ sales are currently made through the mobile channel[2]. Misys FusionBanking Essence Digital incorporates intelligent marketing analysis which delivers ‘on target’ product recommendations directly and interactively to a customer. This not only is more effective in creating greater revenue, it strategically positions the bank as an advisor, further building trust and loyalty.

Misys FusionBanking Essence Digital provides banks faster delivery through pre-configured implementation for accelerated time-to-value. Selecting a SaaS delivery model provides a safe path for banks to stay at the cutting-edge of digital channels, while converting a typically huge upfront investment into an affordable pay-as-you-go model. Banks can use this solution to implement features much more quickly, such as bill pay, remote deposit capture and split bill.

“Mobile banking represents the new battleground on which banks are fiercely competing for customer acquisition and retention”, states Rick Salk, Regional Director, North America, Misys. “The field is far from level – it favors challenger banks which execute with speed and agility, over larger financial institutions with complex infrastructures. With FusionBanking Essence Digital, banks can create a unique customer experience, on a par with e-commerce innovaters such as Uber, Snapchat and WhatsApp. The advanced sales enablement features that include personal financial management and gamification increase banks’ ability to cross-sell and create new revenue streams.”

FusionBanking Essence Digital is a modular suite of digital banking applications, pre-integrated with a number of core banking systems. This enables banks to deploy new banking applications rapidly, with minimal disruption to the existing IT landscape. It results in rapid implementation of streamlined, customer-centric profit drivers through front-end applications and channels without having to overhaul core systems.



[1] comScore, MobiLens and Mobile Metrix reports, October 2014

[2] Efma database

Most recent episodes

Advantage Treasury

Eleanor Hill is joined in the virtual TreasuryCast studio by Nicolas Cailly and Philippe Penichou (Societe Generale) to look at treasury trend predictions for the remainder of 2022, with a particular focus on virtual accounts. In this deep dive into current and future treasury priorities, our guests consider...

24:22

40th Annual New York Cash Exchange: What Can Treasurers Expect?

Ahead of the 40th annual New York Cash Exchange, two of TMANY’s distinguished board members, David Miller and Timothy T. Hesler, CTP, provide TMI CEO, Robin Page, with a quickfire rundown of what attendees can expect from this year’s conference. Our guests share their aspirations for the event,...

09:58

Expectation-Beating Inflation Prints Ratchet Up Pressure on Monetary Policy

Welcome to the third edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 9th May...

04:48

Making the Sustainable Transition: A Roadmap to ESG in Treasury

Over the last 18 months, Societe Generale has experienced a steady increase in requests from their corporate clients to integrate ESG features in treasury management.  Louis-David Rouyer, Philippe Pougeard, and Emmanuelle Petelle (Societe Generale) provide TMI’s Eleanor Hill with a whistlestop run...

22:24

Lift Off for Fed Rate Rises

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 5th of...

04:58

Treasury in 2022 and Beyond

Industry experts Bob Stark (Kyriba) and Sebastian di Paola (PwC) join TMI’s Editor, Eleanor Hill, to explore the very latest treasury trends – and to discuss how smart treasurers can get ahead of the game by ...

43:21

How BearingPoint Harnessed Data-Driven Forecasting with CashAnalytics and SAP

Listen back to our recent forecasting masterclass, where Group Treasurer Eveline Stam, and Conor Deegan (CashAnalytics) provided TMI’s Eleanor Hill with a comprehensive overview of how consultancy firm BearingPoint achieved company-wide cash forecasting nirvana by combining specialist solutions from...

37:14

The 3 T’s of The Future: Tech, Treasury, and Transformation

Over the past two years, an increasingly dynamic environment has not only accelerated technology development – from quantum computing to blockchain technology, and even the metaverse – but also technology adoption, bridging colleagues and breaking down silos in a remote work world. In this podcast,...

44:02

Monetary Policy Continues to Drive Markets as Ukraine Invasion Weighs on March Meetings

Welcome to the second edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 3rd of...

05:25

Tax Spotlight: How the OECD’s Two-Pillar Solution Impacts Treasury

Aaron Lee and Joseph Lee (DBS Bank) join TMI’s Eleanor Hill to discuss how the OECD’s Two-Pillar Solution aims to address the tax challenges arising from the digitalisation of the economy. Ahead of the 2023 implementation date multinational corporates will have much to consider around these reforms....

24:00