Misys, a comprehensive provider of financial services software for retail and corporate banking, has inked a five-year licensing deal with Deutsche Bank AG (NYSE:DB), helping deploy its FusionBanking Lending and FusionCapital solutions, per a Misys statement.
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Misys presently caters to a wide range of institutional segments, including banking, lending, treasury, capital markets, and investment management. The nature of the agreement will extend Misys FusionBanking Lending and Misys FusionCapital solutions to Deutsche Bank, which will integrate them across its global business.
Both solutions will help enable Deutsche Bank to manage its retail, commercial and business banking customers. According to Mike Grimaldi, Chief Information Officer (CIO), Global Markets at Deutsche Bank, in a recent statement on the deployment: “This new and strengthened agreement with Misys will help us to accelerate our technology transformation - making the bank simpler and more efficient.”
“We’re very excited to extend our long-term partnership with Deutsche Bank and to provide this leading financial institution greater flexibility and agility in how it deploys our Misys Fusion software portfolio - helping it to streamline front-to-back office operations, reduce operational risk, grow and digitalise,” added Nadeem Syed, Chief Executive Officer of Misys, in an accompanying statement.
