Union Bank, N.A. (San Francisco) has gone live with Misys Opics Plus v3.0, the latest release of the London-based solutions provider's treasury and capital markets operations solution. The new solution will support Union Bank's foreign exchange and money markets treasury operations, delivering improved efficiency and greater transparency on a re-engineered .NET service-oriented architecture, according to Misys.
Union Bank originally selected the Misys Opics solution in 1997. Noted Bradley Shairson, SVP and Head of FX and Derivatives at Union Bank, in a statement: "We have been working with Misys for over a decade now and have been impressed by not only the enhancements that result from the new Opics Plus solution, but with the Misys team that provided strong, dedicated support during the upgrade process... We are confident that this newest version will help us to deliver even more efficient services to customers."
Misys Opics Plus is a treasury and capital markets solution for front-to-back office, cross-asset processing of a wide range of financial instruments. It combines integration across financial instruments and consolidation of processes across the different departments of a financial institution. The platform handles vanilla and complex derivatives, fixed income, equity and treasury trades and supports a range of functions including money markets and foreign currency business.