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The solution which has been deployed on a Software as a Service (SaaS) basis, went live in less than five months using the Misys Quick Start implementation. The PrivateBank will use the Opics Plus solution as a key application for its front office, back office, accounting and risk management.
Opics Plus gives traders access to immediate information thus facilitating their decision making process. Opics Plus provides real-time position and P&L reporting. Back-office will utilise the system's event-based workflow manager to confirm deal and payment information with counterparties and send automatically generated confirmations. The integrated front-to-back system will provide for easier reconciliation and regulatory reporting.
"It was important for us to choose the right partner to support us as we expand our Capital Markets business," said Camille Rudge, Managing Director, Capital Markets at The PrivateBank. "The Opics Plus solution provided us with the right combination of technology and support to serve our clients and continue to expand our business."
"We believe our reputation and track record in the market were important factors to The PrivateBank," comments Rick Salk, Regional Sales Director Americas from Misys. "We are pleased that they found Opics Plus as the best solution to handle their growing business and support for both the foreign exchange and the interest rate derivative business on a managed hosted platform."
About PrivateBancorp, Inc.
PrivateBancorp, Inc.(NASDAQ: PVTB) is a growing diversified financial services company with 34 offices in 10 states and, as of June 30, 2009, more than $11 billion in assets. Through its subsidiaries, PrivateBancorp delivers customized business and personal financial services to middle-market commercial and commercial real estate companies, as well as business owners, executives, entrepreneurs and families. The website is at http://www.theprivatebank.com.
About Misys plc
Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions that deliver significant results to organisations in the financial services and healthcare industries. We maximise value for our customers by combining our deep knowledge of their business with our commitment to their success.
In banking and treasury & capital markets, Misys is a market leader, with over 1,200 customers, including all of the world's top 50 banks. In healthcare, Misys plc owns a controlling stake in NASDAQ-listed Allscripts-Misys Healthcare Solutions, Inc, a clear leader in the provision of healthcare technology, serving more than 150,000 physicians, 700 hospitals and nearly 7,000 post-acute and homecare organisations. Misys employs around 6,000 people who serve customers in more than 120 countries.
We aspire to be the world's best application software and services company, delivering results for the most important industries in the world.
Misys: experience, solutions, results
Contact us today, visit: http://www.misys.com
For further information please contact
Edward Taylor
Global Head of Public Relations
Misys
Solutions for Banking
Solutions for Treasury & Capital Markets
+44(0)20-3320-5530
edward.taylor@misys.com
Sebastian Mathews
Financial Dynamics
+44(0)207-269-7158
sebastian.mathews@fd.com
SOURCE Misys plc
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