Misys, a global application software and services company, has recently completed examinations of the organisational controls covering its Confirmation Matching Services (CMS) and its Managed Hosting Services.
The completion of the examinations underlines the commitment of Misys to provide its customers and their auditors with information and assurance regarding the controls and safeguards over its hosting solutions. Misys processes, procedures and controls were formally evaluated and tested by an independent accounting and auditing firm, Ernst & Young. The examinations included assessing and testing controls related to logical access to systems, programs and data, change management, processing controls and physical security. This is the seventh year obtaining a service organisation controls examination covering CMS, which now serves more than 1,000 clients, and the third year covering the Managed Hosting Services in the software-as-a-service (SaaS) model.
“By successfully completing SSAE 16 and ISAE 3402 examinations, we continue to demonstrate that the design and operational effectiveness of the controls we have in place for our hosted solutions are the best in the industry,” said Hach Hashasian senior director, SaaS technology operations and compliance at Misys. “Complying with these new standards provides our customers with cost savings while also reinforcing the value of the people, processes and technology that are at the heart of the Misys SaaS business model.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.