Misys, a financial solutions provider, has announced that Soyuz Bank has selected its core banking solution, Equation as well as Trade Innovation to support its expansion strategy.
Russia-based Soyuz Bank plans to develop all areas of its business to meet increasing demands from its retail, corporate and investment banking customers. The bank selected Misys because of its many implementation successes in the region, the level of localization of the solution and the experienced professional services team that are ensuring the project success.
The bank will implement its integrated solution comprising the core banking system, Misys Equation, and the latest version of the award-winning trade finance system, Misys Trade Innovation. This solution will enable Soyuz Bank to support the whole of its universal banking business, significantly reducing operating costs and improving reporting and analytical facilities.