The company announces the launch of the solution Misys FusionCapital Detect in order to improve the performance of monitoring of transactions inherent to the activities of financial institutions.
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Paris, may 23, 2017 Misys, software publishers, financial, launches Misys FusionCapital Detect and thus puts a foot in the Artificial Intelligence (AI). This new solution based on a technology called “machine learning” (ML) allows financial institutions to identify errors, anomalies, and generally, unusual activities, while accelerating the validation of transactions.
FusionCapital Detect behaves as an intelligent personal assistant at the service of the teams, validation, reporting errors, including the manual, which, in normal times, require time to be identified. In contrast to the offerings already on the market, this solution will detect errors until now ignored, and thus reduce the operational risks leading to decision-making biased and reports the end of the day incorrect.
“With FusionCapital Detect we exploit the capabilities of the AI to create a system with the anticipation and control in a market ever more volatile. Moreover, the results denoted by a a bank first-time adoptive are conclusive. In addition, this technology allows to increase the efficiency, cost-savings, and, in definitive, to improve the long-term growth of financial institutions, ” says Nadeem Syed, CEO of Misys.
To be able to validate transactions in real-time is crucial in a regulatory environment that is more demanding, including :
EMIR (European Market Infrastructure Regulation) which imposes an obligation to identify errors as early as possible, in order to confirm the transaction within 24 or 48 hours.
FRTB (Fundamental Review of the Trading Book), which requires daily reports of risks, including errors of unidentified transactions, which could invalidate the so-called reports and have an impact on compliance.
“Manual interventions and controls pre-coded have helped to reduce the processing errors in the trading process, without reducing the pressure exerted by the regulation on the capital markets. The Artificial Intelligence will be a catalyst for transformation of the financial industry and with the launch of FusionCapital Detect, Misys is fully in the dynamics of this evolution, ” says Joséphine de Chazournes, senior Analyst at Celent.
From large volumes of structured data, Misys is able to identify and analyse the behaviour of trading. In addition, the learning machine, is a mix of algorithms and Open Source developments owners, ensures a continuous evolution of the solution in response to patterns of trading always more variables.
Finally, FusionCapital Detect, based on the technology Misys FusionFabric, is already available and compatible with the systems of transaction entry and validation.
About Misys
Misys is a company that specializes in the development of financial software that offers a wide range of solutions management, capital markets, risk and investment. With more than 2,000 clients in 125 countries, Misys has the experts and partners that are unique to meet the needs of the industry, both local and international level. The company offers industry-leading solutions that meet the needs of customers by placing them at the centre of its strategy. Through its portfolio Merger, Misys provides a holistic view of the activities and allows you to respond to the major challenges of the market. It has an open architecture and single to enable its customers to innovate, improve their existing services and develop quickly. For more information : http://www.misys.com/ or @MisysFS on Twitter
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