Misys Wholesale Banking Systems and S1 Corporation, a supplier of front-end solutions for financial institutions, have shaken hands on a five-year distribution agreement. Misys has the distribution rights to the S1 corporate banking, personal banking and trade finance applications on the S1 Enterprise Platform, and will distribute S1's Enterprise retail, cash management and trade finance solutions through the EMEA region and Asia.
Banks will now be offered web-based cash management solutions and trade finance capabilities to help improve their corporate and personal banking services.
Ivan Martin, chief executive of Misys Banking and Securities Division, said: "Our agreement with S1 represents an exciting step forward for Misys. We identified the front-office space as a key growth area for banking. S1 will enable us to capitalise on this growth opportunity by instantly delivering a suite of fully integrated, multi-channel solutions."