Truche explained, ‘one very important thing that we have seen is related to risk culture. If you want to have a much better risk culture in a bank, one of the key things you have to do is to share the risk information, the risk measures you have done and the information you have as a risk manager’. Misys promised preconfigured connectors between MGR
and Kondor+ plus other Misys offerings. Risk Vision, which still has a handful of customers, would be maintained. However, the plan was to centralise all information on the MGR hub, so that risk managers can visualise their risk in one place. ‘Our strategy is to bring together risk and finance to provide on-demand analysis and reporting through the Risk Explain module which allows interrogation of all risk types such as credit, market and liquidity risk intra-day,’ said Truche. On the technical side, MGR was built on a modular, distributed architecture that is intended to support multi-site, global implementations. It features a number of technical innovations including running pricing simulations on graphical processing units (GPUs) for fast generation of results, and using NoSQL storage for simulated results allowing for fast interactive querying on a global dashboard. These innovations improve the user experience and reduce hardware costs, claimed Misys. MGR supported a range of common databases and operating systems. Underpinning the products, the new-look Misys intended to have a more coherent approach to partnerships (this had traditionally been a clear area of weakness for Misys). Whilst the company would continue to offer direct delivery and implementation services, partners were ‘a great asset’, Bolin said. The vendor continued to collaborate with organisations on the development side (such as Microsoft), as well as delivery (HCL Technologies, Accenture, Deloitte and others). ‘What we haven’t done in the past is be clear and open about our partnership strategy. So we have a new leadership on that front,’ said Bolin. The vendor was reconfirming agreements across the established partnership network in emerging markets as well as with tie-ups for strategic accounts. There was also now an emphasis on training partners: ‘Just sitting somebody in the classroom for two weeks and churning them out is a recipe for disaster, in my opinion’, observed Bolin. ‘If we build the right partner ecosystem and structure, the value is tenfold, for both us and clients.’ While the strategy remains fairly much as along the same lines as for MGR, there was another change of branding in July 2014, with the risk suite becoming FusionRisk, with the rest of the product set undergoing a similar rebrand. An insight into implementing MGR, as was, was provided at Misys’ EMEA Market Forum in Barcelona in July 2014 by Gianluca De Marchi, head of group risk management at Italy-based Unipol Gruppo Finanziario. He said that regulation and integration were the main challenges the bank had experienced during
its implementation of MGR. He pointed out that Unipol had to integrate all the information relating to the trading, banking, life insurance and real estate businesses of the bank on a single platform. ‘This was a very complex requirement of the regulator, which means you have to integrate everything onto one platform and use one risk management system to measure this type of requirement.’ Misys signed an agreement with EGAR Technology in November 2014, to become a member of the Misys InFusion Partner programme. EGAR Technology will create and develop competence centres in Russia and the CIS for Misys solutions and become a Misys product integrator of choice, providing technical support and advice. EGAR Technology will focus on supporting the operations of financial institutions in the securities market and automating banking, treasury and risk management alongside Misys in the region. Misys FusionCapital provides clients with the ultimate trading platform, as well as front-to back automation of investment operations in the securities and FX, Money and Commodity markets. Misys FusionRisk builds on Misys’ extensive international experience in risk management and helps to provide integrated management of all types of financial risks, as well as throughout the entire bank. Misys launched Misys FusionRisk Limits in December 2014, to make it possible for financial institutions to see all exposures, breaches and limit utilisation across their entire operations. Traders, treasurers and corporate bankers can now act on complete and timely risk information. FusionRisk Limits enables a significantly enhanced view of limits across trading and commercial banking, so that banks can achieve full visibility of exposures, limit utilisation and breaches, along with improved capital and funding consumption across the business. With FusionRisk Limits, they can manage and control credit risk based on single view across multiple entities and global sector and country views including direct integration with multiple (Misys and third party) trading and banking systems. Risk data aggregation and meaningful reporting are critically important to ensuring banks meet BCBS 239 requirements, so Misys FusionRisk Limits allows banks to demonstrate compliance. Vietnam’s Techcombank went live with Misys
FusionCapital. The project was completed within 10 months as the bank looked to transform its growing markets and treasury functions and increase its risk management capabilities. In May 2017, Amsterdam Trade Bank (ATB) chose Misys’
Fusionrisk solution for risk management, as part of its technology revamp project. In June 2017, Mexico’s central bank, Banco de Mexico, chose to replace its legacy risk management system with FusionRisk.
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