Misys and SAP have announced an agreement to begin developing integrated solutions for the global banking industry.

Under the agreement, Misys and SAP will work together on an integrated universal banking solution based on Misys BankFusion that will run on the SAP NetWeaver platform. Misys and SAP will look at integrating SAP components, such as general ledger, into Misys BankFusion. It is intended that the universal banking solution will be jointly marketed by both companies.

In addition, the Misys Trade Portal and Misys TI Plus 2.0 will be endorsed by SAP to work with the existing SAP for Banking solution portfolio to offer banks a complete end-to-end product.

The last element of the collaboration is the integration of SAP Customer Relationship Management into the Misys retail banking solution set.

Léo Apotheker, SAP’s deputy CEO, said the link-up would “enhance the SAP platform and add value to a bank without creating IT complexity.”

The partnership between Misys and SAP is effective immediately. No material financial impact is expected this year.