Believing that more financial institutions will look to outsource transaction processing to cut expense, Capmark is looking to offer middle and back office services to banks and financial institutions. But before it can offer outsourcing services, the institution will tap the “as a service well” itself, investing in a hosted platform from Misys.
“Deploying SaaS allows Capmark to grow the tech environment as they grow,” says Ken Katz, senior solutions manager for Misys, which did not disclose the other financial clients. “This is a new market for Capmark. And since the technology is scalable, it can test the waters.”