Misys said that it has completed its acquisition of IND Group, building on the partnership which signed between the two in March 2013.
Misys described IND as an innovator and provider of award-winning online and mobile banking, personal finance management and payments solutions. Founded in 1997, it now has more than 30 clients around the world, including Alior, Erste Bank, and UBS, supported by over 200 employees based from eight offices.
“This is very exciting for us and our customers,” commented Nadeem Syed, chief executive (CEO) of Misys. “The market for digital banking is exploding. More than half a billion people already use mobile devices for personal banking and this is set to double in the next four years.
“This deal reinforces our digital banking proposition in this rapidly expanding area by adding world-class consumer-oriented solutions to our offering. It helps us continue to grow our business, following six straight quarters of revenue growth, and secure our leadership position in banking.”
“The acquisition of IND Group makes perfect strategic sense,” commented Alex Kwiatkowski, head, IDC/Financial Insights Europe. “The timing is ideal in order to capitalise on the opportunities which are emerging in Europe and Asia.
“IDC believes IND’s advanced digital banking platform will fit seamlessly into the existing Misys product portfolio, delivering new omni-channel services and enhanced experiences to banks and their customers.”
In today’s digitally connected world, infinite quantities of data are produced by consumers daily at a mind-boggling pace and volume. With under three months left to prepare, here are four areas for businesses to consider, to make sure they are ready for GDPR implementation.
Cash-flow based metrics now feature prominently alongside traditional revenue measures of business performance in the key figures or financial summary pages of any public company.
GTNews asks Pugsley about what advice she would give to treasurers dealing with mergers and acquisitions, what the key challenges for her year ahead will be and how she is selecting a treasury management system (TMS).
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.