Midas is a line of banking system solutions[buzzword] provided by Misys corporation that was initially developed in the 1970s and gained significant market share through the 1980s and 1990s.
- 1History
History[edit]
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Kingsley-Smith and Associates[edit]
Kingsley-Smith and Associates (KSA) was formed in 1972, initially as a full software service company comprising five people serving manufacturing, banks and insurance companies within the UK. By 1973, the company had expanded to around twenty personnel, and begun to focus on UK banks and foreign banks which had operational activities in London.
KSA realised a gap existed in packaged software aimed specifically at banks, at the same time as IBM released its System/32, later known as IBM 5320, as a new small PC system which could easily be programmed in RPG. The original five Kingsley-Smith and Associates members were Brian Kingsley-Smith, David Eley, David Mitchell, David Shaw, and David Harington.
Initial development[edit]
The MIDAS banking system was designed in 1975 at Kingsley Smith and Associates by Barrington (Barry) Fludgate. It was the brainchild of Achie Reid a then director of KSA. The system was originally going to be called FALCON, since SWIFT had just been announced, but at the last minute was changed to MIDAS (Modular International Dealing and Accounting System), the name was suggested by Jeremy Blackman, one of the two original programmers on the development.
The development phase consisted of three people, Barry (designer and architect), Jeremy (technical programmer) and John Gilbert (business programmer) The system was built for the newly announced IBM System 32 in RPGII. The first sale was made to Australia and New Zealand Bank in early 1976 and was installed and running live in their New York office in the summer of 1976.
Christmas hardanger patterns. The KSA development of MIDAS banking system had nothing to do with the Management Information Distributor Accounting System (MIDAS) software system created by David Shaw in 1972 for Jaguar Rover Triumph.
BIS Banking Systems[edit]
In 1976 KSA and Midas was sold to the BIS Group. The company was called BIS Software and the main office was in Lincolns Inn Fields with software development based at York House near Waterloo; convenient for the City. The Managing Director of BIS Software was John Prosser with the charismatic Stan Smith as the Sales Director. David Tebbs (see ITNEA) became CEO in 1983 and later moved the business to Wimbledon and the company was renamed BIS Banking Systems. In 1988 the BIS Group was bought by Nynex, an offshoot of the recently demerged AT&T, and by this time the Midas banking packages supplied 900+ of the world's 1,000 largest banks.
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Leadership phase 70s and 80s[edit]
Midas became the standard package for banks off shore operations (and some domestic wholesale banking operations) worldwide by the end of the 1970s, and thanks to that early leadership it has been argued that Midas is (or was) the world's most successful banking system. In the 1970s and 1980s the Midas family of banking-packages led the market with more worldwide customers, more awards, and more capability than any other. Thanks to the inertia of banks, 10 year renewals and cost of migration by some accounts it could claim to have kept this leadership position into the 1990s. The system had broader functionality (and sometimes deeper) than most of the packages initially available on packaged systems. It reduced risks bringing efficiency due to a fairly standardised and comparatively automated process cycle.
Offshore expansion 1990s[edit]
In 1990 BIS opened an offshore maintenance center in Makati City, Philippines. This pioneering move in the banking software industry was not capitalized on quickly and for the next decade the location was little more than a coding shop taking orders from the UK. It did however provide a cheap pool of resources amenable to spending months/years on site coding modifications and fixes. By the end of the decade no two Midas user sites ran the same code base and Midas maintained large staff numbers in most financial centers.
In 1993 BIS Banking Systems was purchased by ACT ACT which had previously purchased Kindle Banking Systems and a handful of other banking applications. The organisation was fragmented with some parts of the organisation called ACT International and some labelled ACT Financial Systems.
In 1994 ACT bought Kapiti Ltd, who owned the Equation product line. The IBM AS/400 based products, Equation from Kapiti and Midas from ACT/BIS were united into the Midas Kapiti International (MKI) business. Technical and functional comparisons between Midas and Equation followed. Borderlands 2 pc free dlc. It was no surprise that Equation had zoomed past Midas in terms of core banking functionality (payments, lending, customer management, deposits, tellering), but it was something of a shock for the Midas team to see how the Midas user interface, the flat file data base and the system architecture in general had fallen behind Equation - and by implication fallen behind other competitors. Multiple Midas catch up projects followed to retro fit basic features like product templates, customer centric banking and application program interfaces (API's) into the aging platform. The federated Midas data base however was considered beyond redemption and remains fragmented and poorly documented.
Midas has a very broad coverage of banking business areas. In the 70s and 80s it had provided market leading functionality in several of those areas. However, in the late 1990s other packaged systems within Misys and from other vendors caught up with and overtook Midas in areas like retail banking, customer and party management, work flow and most significantly treasury. Despite this in the early 1990s Midas maintained a leadership position or close to leadership position in terms of annual new names sales and installed base size.
Misys International Banking Systems – decline[edit]
Midas Software Solutions Login
On 1 October 2001, Midas-Kapiti International [MKI] was renamed as Misys International Banking Systems. The new name formed part of an extensive re-branding exercise undertaken by the company, which also embraced sister companies MKI Frustum and the Credo Group, becoming unified under the new brand name.
Midas had built up an impressive user base of international branch banking and treasury operations in the previous decades. Treasury focused users in the Midas user base came under attack from cheaper Windows and Unix based systems with better coverage of the newer classes of financial instruments like derivatives. Although Midas had some retail functionality the Midas team under estimated the complexity of retail banking software, importance of work flow and automation resulting in the stalling of multiple Midas retail banking initiatives. Overall the Midas customer numbers were in decline. In the late 1990s Midas was the first core banking system to introduce global processing to the core banking industry but this did nothing to stop the decline.
Misys 2010 onwards – stasis[edit]
Two technology refreshes Midas Plus and BankFusion Midas have staunched the flow of defections from the existing user base and some existing user banks are expanding usage of the system. However, there have been very few new name users signed in recent years, nonetheless the legacy installed base is still large compared to most competitor system when measured by numbers of banks, user banks profiles and the re-occurring revenue stream.[citation needed]
References[edit]
Retrieved from 'https://en.wikipedia.org/w/index.php?title=Midas_(banking_system)&oldid=915011365'
This is a list of notable software packages that implement engineering analysis of structure against applied loads using structural engineering and structural engineering theory.
Name | Description |
---|---|
Lets Pile Suite | Soil Exploration , Pile Design and Report Generation Tool |
1*2*Build | Design of 2D frames in steel, concrete or timber |
2D Frame Analysis by ENGISSOL | Structural analysis of trusses, frames and beams |
ADINA Structures | Simulation and multiphysics applied for structural engineering |
Adapt ABI Balbin | Bridge design software with 4D construction sequencing and time-dependency |
Adapt Edg] | Integrated structural analysis for concrete buildings |
Adapt Floor-Pro | Integrated reinforced and post-tensioned concrete slab design software |
Adapt Mat | Reinforced concrete and post-tensioned foundation design software |
Adapt Sog | Post-tensioned slab-on-grade foundation 3D FEM design software |
Advance Design | BIM Software for FEM structural analysis |
AECOsim Building Designer | BIM & 3D modeling software applied for civil & structural engineering |
Allplan Engineering | BIM & 3D modeling software applied for civil & structural engineering |
Analysis3D | Very powerful but easy to use FEM software for structural engineering of 2D and 3D frames and trusses |
ANSYS AIM | Simulation and multiphysics applied for structural engineering |
ANSYS Aqwa | Hydrodynamic assessment of offshore and marine structures |
ANSYS Autodyn | Simulation of materials to short duration severe loadings from impact, high pressure or explosions |
ANSYS DesignSpace | Structural analysis solution for engineers and designers |
ANSYS LS-DYNA | Simulation of materials to short periods of severe loadings |
ANSYS Mechanical Enterprise | Simulation and multiphysics applied for structural engineering |
ANSYS Mechanical Premium | Simulation and multiphysics applied for structural engineering |
ANSYS Mechanical Pro | Simulation and multiphysics applied for structural engineering |
ANSYS nCode Design Life | Fatigue and durability analysis software |
ArchiCAD | BIM & 3D modeling software applied for civil & structural engineering |
ASDIP Collection | Easy to use structural engineering software |
AutoDesk Robot Structural Analysis Professional | To test the effects of structural loads along with compliance and relevant codes through BIM |
AutoPIPE | Piping design and analysis software |
AutoPIPE Vessel | Vessel design software |
AxisVM | Structural analysis and design software |
BEAMD | Integrated solution for RC beam design, detailing, drafting and scheduling |
Beam Foundation Analysis (GEMS) | Geotechnical software for Analysis of beam foundations using winkler & elastic halfspace models |
BeamPro | Continuous beam analysis program |
Beams-16 | Beam analysis program |
BricsCAD BIM | BIM & 3D modeling software applied for civil & structural engineering |
CADS Analyse 3D Max | Structural analysis and design software |
CADS Floor Designer | Analysis and design of profile decks and precast concrete floors |
CADS Smart Engineer | Structural calculations software |
CADS Smart Portal 2D | Structural design of main 2D portal frames |
CADS Smart Portal 3D | Building modeller for single & multi-bay portal frame buildings |
Caesar II | Piping design and analysis software |
CheckWind | Wind analysis software |
CivilFEM | Finite element structural and geotechnical analysis and design software |
CivilFEM for ANSYS | General purpose structural analysis features of ANSYS combined with CivilFEM |
ClearCalcs | Online structural analysis and design software |
CloudCalc | Cloud-based free AISC code steel analysis software |
CompoSIDE | An integrated suite of web-based design and data management modules dedicated for composites |
COMPOSITE-BEAM | Design of Composite Beams |
COMSOL Multiphysics | Simulation and multiphysics applied for structural engineering |
ConCrete (Plus) | Software for designing continuous beams in reinforced concrete |
ConSteel | ConSteel is a FEM analysis & design software for EuroCode, using the most professional and user-friendly methods |
CRANEWAY | Analysis and design of craneway girders |
Cross Section Analysis and Design by ENGISSOL | Analysis and design of arbitrary cross sections |
CSiBridge | Integrated 3-D bridge analysis, design and rating |
CSiCol | Reinforced concrete column design |
CSiPlant | Integrated software for design of piping and structural systems |
csJoint | Advanced connection design for steel structures |
Cubus AVENA | Verification and design of steel bars |
Cubus CEDRUS | Design and analysis of reinforced concrete plates and discs |
Cubus FAGUS | Analysis of reinforced concrete, prestressed and composite cross sections |
Cubus LARIX | Geotechnical analysis applied to foundations, retaining walls and soil-building interaction |
Cubus MURUS | Verification of masonry walls |
Cubus PYRUS | Design of reinforced concrete columns |
Cubus STATIK | Analysis of plane and space frames |
CYPECAD | Structural analysis and design software |
CYPE 3D | Structural analysis and design software |
Diamonds | Software for structural analysis of steel, concrete and timber constructions |
DIANA | Multi-purpose finite element software package for structural and geotechnical engineering |
Edificius | BIM & 3D modeling software applied for civil & structural engineering |
EdiLus | Structural analysis software |
Enercalc Structural Engineering Library | Software solutions to perform structural design and analysis for low to mid rise buildings. |
EngSolutions RCB | Analysis & design of reinforced concrete buildings for earthquake and wind forces |
ESTEEM Total Integrated Solution | Analysis, design, detailing and quantity take off for RC & Steel buildings |
ETABS | Structural software for building systems |
EXMACT | Expert system for masts, chimneys and towers |
Extreme Loading for Structures | Advanced non-linear structural analysis software |
FEATool Multiphysics | Simulation and multiphysics applied for structural engineering |
FEM-Design | Modeling software for finite element analysis and design of concrete, steel and timber structures |
Femap with NX Nastran | Simulation and multiphysics applied for structural engineering |
FEMtools | FEM software program providing advanced analysis and scripting solutions for structural engineering |
FIN EC | Structural design software |
Flac3D | Geotechnical analysis & design software applied for deep foundations, tunnels, dams and walls |
Frilo Statik | Structural calculations software |
GEO5 | Solution for the majority of geotechnical tasks. From the field tests to the geological models and geotechnical analysis. |
Graphical Rapid Analysis of Structures Program (GRASP) | 2D structure analysis software |
GT STRUDL | Structural analysis and design modeling software |
IDEA StatiCa Concrete & Prestressing | Design of members, cross-sections and details for reinforced and prestressed concrete structures |
IDEA StatiCa Connection | Steel connection design |
INDUCTA | Concrete building design software |
LARSA 4D Bridge Series | Software for the analysis and design of bridges |
LARSA 4D Structure Series | Software for the analysis and design of structures |
Limcon | Structural steel connection software |
LimitState: RING | Masonry arch bridge analysis software |
LimitState: SLAB | Automated Yield-line Slab Analysis Software |
LIRA-SAPR | Structural Engineering Analysis & Design Software |
LEAP Bridge Concrete | Concrete bridge design and analysis software |
LEAP Bridge Steel | Steel bridge design and analysis software |
LUSAS Bridge | Analysis and design of bridge structures |
LUSAS Civil & Structural | Structural analysis and design software |
Marc | Advanced Nonlinear Simulation Solution |
MasterSeries | Integrated 3D structural analysis and design software suite |
MasterKey Connection Design | Design of Moment & Simple Connections to BS 5950 & EuroCode 3 |
MasterKey Masonry Design | Design of Masonry Walls with up to 10 Openings to BS 5628 and EuroCode 6 |
MasterKey Retaining Wall Design | Design of Gravity Retaining Walls in Masonry & Concrete to BS & EuroCodes |
MasterFrame | Integrated 3D structural analysis software suite. 50, 500, 1500 & unlimited member versions |
MasterFrame FEA | Finite Element Analysis addon to MasterFrame |
MasterFrame Dynamic Analysis | Vibration, Foot-fall and Response Spectrum analysis addon to MasterFrame |
MatrixFrame | Professional software for structural engineering from Netherlands |
MicroStation | BIM & 3D modeling software applied for civil & structural engineering |
Microstran | General purpose structural analysis software |
MIDAS Civil | Korean structural design software for bridges and other civil structures |
MIDAS Design+ | Structural analysis & design software for structural component design & detailing |
MIDAS FEA | Structural analysis & design software for advanced nonlinear analysis |
MIDAS Gen | Structural analysis & design software for buildings |
MIDAS nGen | Structural analysis & design software for buildings |
MIDAS GTS NX | Geotechnical analysis & design software applied for deep foundations and tunnels |
MSC Apex | Simulation and multiphysics applied for structural engineering |
MSC Nastran | Multidisciplinary structural analysis |
Napior | Online tool for structural analysis based on building codes and printing out detailed reports |
NISA/CIVIL | Analysis and design suite for concrete and steel structures |
Oasys ADC | Structural software for analysing and designing reinforced concrete beams, slabs, columns and piles |
Oasys GSA | Software solutions for structural analysis, bridge and building design |
OpenBridge Modeler | Bridge modeling and design software |
OpenSees | Earthquake engineering software |
PASS/START-PROF | Pipe stress analysis software |
Pensolve | Engineering spreadsheet review software |
Perform 3D | Nonlinear analysis and performance assessment for 3D structures |
Plaxis 3D | Geotechnical analysis & design software applied for deep foundations, tunnels and dams |
PowerConnect | Steel connection software |
PowerPad | Lite Version of MasterSeries 3D structural analysis and design software suite to BS & EuroCodes |
PolyBeam | Easy to use 1D Finite Element software |
PPC Column | Precast/Prestressed Concrete Column Design Software |
PRE-Stress | Software for calculations of prestressed concrete elements |
PROKON | Structural analysis and design software suite |
Pro_SAP | Professional structural analysis program |
ProtaStructure | Integrated design solutions for building systems |
PTC Creo Parametric | Simulation and multiphysics applied for structural engineering |
PTC Creo Simulate | Simulation and multiphysics applied for structural engineering |
PV Elite | Pressure vessel and heat exchanger design |
Quikframe | Frame analysis program with steel and timber design to EN 1993, EN 1995, BS5950 and BS5268 |
Quikport | Steel portal frame design in accordance with EN 1993-1-1 and BS5950 |
Quikjoint | Steel connection design for simple and moment connections in accordance with EN 1993-1-8 and the green books |
Quikbeam | Software for the design of steel and composite beams including holes in webs in accordance with EN 1993, EN 1994 and BS5950 |
QuikEC3 | A very useful 'electronic blue book' which can calculate properties, section classifications and structural capacities |
Quicksoft Merlin | Merlin is the BS5950 equivalent of QuikEC3 and remains an effective tool for creating custom sections |
RAM Concept | Concrete slab design software |
RAM Connection | Steel connection design software |
RAM Elements | 3D structural analysis & design software |
RAM Structural System | Structural analysis & design software for buildings |
RamSeries | Simulation and multiphysics applied for structural engineering |
Real3D | structural analysis software |
RetainPro | Earth retention structure design and analysis |
Revit | BIM & 3D modeling software applied for civil & structural engineering |
RFEM | 3D structural analysis & design software |
Real3D | General 3D analysis and design software |
RISA-2D | 2D Frame analysis and design software |
RISA-3D | General 3D analysis and design software |
RISAConnection | Connection design software |
RISAFloor | Automated floor layout and optimization for complete building systems |
RISAFoundation | Foundation solution for buildings |
RISASection | Structural section properties calculator |
RM Bridge | Bridge design, analysis, and construction software |
RSTAB | Structural frame a truss analysis software |
Robot Structural Analysis Professional | Advanced structural analysis and design software |
S-CALC | Section property calculator |
S-CONCRETE | Steel structural design and optimization solution |
S-FRAME ANALYSIS | Integrated 3D structural analysis and design software suite |
S-FOUNDATION | Analysis and design of foundations |
S-LINE | Continuous concrete beam design |
S-PAD | Steel member design and optimization |
S-STEEL | Structural steel design and optimization |
SAFE | Integrated design of slabs, mats and footings |
SAFI 3D Structural Analysis | Advanced 3D structural analysis and design software |
SAFI GSE | General structural engineering software solution for buildings and structures |
SAFI BSE | Bridge structural engineering software solution for bridges and infrastructures |
SAP2000 | Integrated software for structural analysis and design |
SCIA Concrete Section | Design and code-checking of reinforced concrete sections |
SCIA Engineer | Multi-material structural analysis and design software |
SDC Verifier | Structural verification and code-checking according to different industrial standards |
Sectionwizard | Section profile calculation software |
SeismoBuild | Finite element package dedicated to seismic assessment and strengthening of reinforced concrete structures |
SeismoStruct | Finite element package for the analytical assessment of structures |
ShapeBuilder | Section properties, shear and torsion stress analysis |
SimScale | Multiphysics simulation (CFD, FEA, Thermal Analysis) applied for structural and civil engineering |
Simulia Abaqus Unified FEA | Simulation and multiphysics applied for structural engineering |
SketchUp | BIM & 3D modeling software applied for civil & structural engineering |
SkyCiv | 3D structural analysis Software online |
Sofistik FEM | Finite-element structural analysis & design software packages |
SolidWorks Simulation | Simulation and multiphysics applied for structural engineering |
Space Gass | Structural engineering software |
STAAD Foundation Advanced | Foundation design software |
STAAD.Pro | 3D structural analysis & design software |
Strand7 | Finite element analysis |
STRAP | Structural analysis & design software |
StruBIM Suite | Engineering software for buildings integrated with Open BIM flow |
StruCalc | Structure design and beam calculation software |
Structural Bridge Design | Bridge analysis software |
Structural Engineering Library ( SEL ) | Structural analysis and component / member design software |
Struct4u | Structural analysis and design software (Pay-per-use) |
SuperSTRESS | Structural analysis & design software |
TANK | Oil storage tank design software |
Tekla Structural Designer | Structural analysis & design engineering software |
Tekla Structures | BIM & 3D modeling software for civil & structural engineers |
Tekla Portal Frame Designer & Tekla Connection Designer | Automated design of steel frames and connections |
Tekla Tedds | Structural calculations software |
Tower | Static and dynamic structural analysis, concrete, steel and timber design |
T-Connect | Steel connection design software |
Tricalc | Structural analysis and design software |
Vectorworks | BIM & 3D modeling software applied for civil & structural engineering |
VisualAnalysis | Structural analysis and member design software |
VisualFoundation | Mat foundation design software |
Welds-16 | Weld analysis software |
WIN-Statik | Software series for common engineering design tasks |
References[edit]
Midas Software Solutions Reviews
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