Misys moves to platform-as-a-service strategy

Software vendor says its FusionFabric.cloud will open up its core platforms.

Trading and risk systems vendor Misys has announced a Platform-as-a-Service (PaaS) strategy, which will see the company open up a new service platform called FusionFabric.cloud. This will open up Misys’s core systems to third parties to drive innovation and collaboration across financial services, the firm says.

“FusionFabric.cloud is the future of financial services software,” said Robin Crewe, Global Head of Product Development at Misys. “I am very excited to launch our PaaS strategy as it brings something completely different to the marketplace. Creating a platform that enables the financial services community to build on top of our trusted solutions and services will not only reduce banks’ costs, it will also facilitate open collaboration, agility and innovation.”

FusionFabric.cloud, will enable banks, financial technology vendors, consultants and students to develop, deploy and operate apps in the Misys FinCloud or on-premise, Crewe added. FusionFabric.cloud will be commercially available over the course of 2017.

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