Ovations, Misys sign partnership deal

Trends in the South African banking sector still show cost reduction and product agility as top priorities for both first and next tier banks. Local banks are also increasingly targeting new geographies and new customer segments to drive revenue growth. A flexible platform that supports these value drivers is key to any expansion strategy and revitalisation initiative.

Target will be core banking

"The timing of this partnership is ideal for capitalising on the market trends, but also in expanding our existing client portfolios primarily in the area of core banking, which is a key strength of the Misys value proposition," says Jacques Fouche, head of core banking services at Ovations.

The partnership will see Ovations become Misys' preferred channel partner in South Africa, expanding the footprint for the UK-based organisation and in so doing, extend its financial services sector team and expertise.

Adds Marius Claassens, client services executive at Misys: "We have long been anticipating the need to expand our services footprint in Africa, and believe that our success in market, hinges on our ability to find best fit partners who bring to the table an established presence. Ovations more than meets this requirement, coupled with a consulting methodology that complements the services and solutions we have in our portfolio."