Credit Union Central of Manitoba (CUCM), the trade association for Manitoba’s 52 credit unions, has become the first institution in North America to adopt a hosted treasury and risk management service from Misys. CUCM will implement Misys Opics Plus – a comprehensive treasury and capital markets solution for front-to-back office, cross-asset processing of a wide range of financial instruments – through a managed service. The platform operates in a software-as-a-service (SaaS) environment and will be used to manage CUCM’s CA$2bn investment portfolio. CUCM will use the service to transact and account fixed income and money market investments as well as interest rate swaps. It will also utilise Misys Eagleye, a monitoring and controls solution and Misys Opics Risk Plus, a market risk and portfolio management solution. The association hopes that these investments will allow it to further boost automation in its operations and strengthen compliance monitoring across its portfolio.
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