The UK-headquartered company, which started its sales operation in India in 2006, has already owned two customers in this space, and has just signed on Axis Bank, the third largest private bank in India.
Prabhakar Saxena, General Manager, Misys India said the company was intending to win at least 4-5 new customers in India for the treasury and capital market software solutions in the current year.
"Nothing is left in the core banking area because most banks have already gone live with CBS solutions. May be, we have to wait another 2-3 years when the banks will start replacing their existing CBS system with newer ones," Saxena told Business Standard.
Misys, which depends heavily on its development centre in India for software development and support services, started its sales operations when the core banking software market in India was dominated by Indian players like iFlex and Finacle from Infosys.
Axis Bank has decided to implement one of Misys' treasury and capital market solutions
