California-based Union Bank has gone live with Misys Opics Plus v3.0, the latest release of Misys’ Treasury and Capital Markets operations solution. Misys said that the new solution would support Union Bank’ foreign exchange and money markets treasury operations on a newly re-engineered .NET service-oriented architecture.
Misys claimed that the Opics Plus platform handles vanilla and complex derivatives, fixed income, equity and treasury trades, and assists in money markets and foreign currency business.
Bradley Shairson, Senior Vice Prresident and Head of FX and Derivatives, Union Bank, said: “We are very pleased that we made the decision to upgrade to Opics Plus v3.0. We are confident that this newest version will help us to deliver even more efficient services to customers.”
Ed Ho, Executive Vice President and General Manager, Misys Treasury & Capital Markets, said: “Opics Plus v3.0 is the culmination of more than three years of investment by Misys to convert a legacy client server application to a pure .NET Service Oriented Architecture. The Opics Plus team has worked very closely with Microsoft during this period.”
Union Bank, a primary subsidiary of UnionBanCal Corporation, is a full-service commercial bank providing financial services to individuals, small businesses, middle-market companies, and major corporations.
UK-based Misys is a global application software and services company. It provides integrated solutions to organisations in the financial services and healthcare industries.
