Misys smart banking solution to offer better finance control for consumers

Misys unveils latest release of FusionBanking Essence designed for consumers and SMEs

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Misys smart banking solution to offer better finance control for consumers Simon Paris: "We are seeing the emergence of two-speed banking - a world in which forward thinking banks are embracing digitalisation and analytics to put customer needs first."
By  Aasha Bodhani Published  October 30, 2016

Misys has announced the latest release of its retail banking solution, FusionBanking Essence, to enable banks to deliver a smarter banking experience to consumers and SMEs.

Building on the Misys "outside-in" banking philosophy, the enhancements are designed to help banks meet the expectations from consumers and SMEs for fast, relevant and convenient digital banking.

Within the bank, FusionBanking Essence's architecture delivers increased operational performance and ongoing regulatory compliance capabilities. Its digital engine and digital development kit enables banks to customise and extend the capabilities of their digital channels to meet customers' ever-changing requirements.

Furthermore, advanced analytics support the development and delivery of relevant products and services through preferred customer channels, plus interactive financial planning tools will help customers better manage and plan their finances and multi-currency accounts, facial and ID recognition during on boarding further address customer needs.

Simon Paris, president at Misys, said: "We are seeing the emergence of two-speed banking - a world in which forward thinking banks are embracing digitalisation and analytics to put customer needs first. These fast-lane banks are in the market for modern front-to-back digital banking solutions to meet the needs of the increasingly mobile and tech-savvy customers, who demand highly personalised and relevant experiences. Our latest release equips banks for the digital transformation journey ahead, enabling them to expand, compete and thrive."

Stephen Greer, analyst at Celent, added: "The new normal of financial services necessitates a broader understanding of what it means to be digital. Banks must be able to meet the demands of today's tech-savvy consumers and SMEs, pushing customer experience levels to new highs whilst still meeting regulator demands and driving down costs. A critical element to digital effectiveness and competing in this era is an intentional organisational shift away from legacy practices towards becoming a truly digital organisation."

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