Accounting and Financial Software
Bank NISP Drives Expansion and Market Leading Position with Misys Banking Systems Treasury & Trade Finance
Share:
LONDON, November 14--Misys Banking Systems, a global leader in banking software and solutions, announces today that Bank NISP, one of Indonesia's largest and fastest growing banks, has gone live with two of its solutions to help drive and maintain growth across its treasury and trade finance functions. Misys Opics Plus and Misys Trade Innovation will help support Bank NISP's national and international expansion plans and deliver market advantage to the bank in the recently restructured Indonesian banking sector.
To support the bank's expansion plans across Asia, Misys Opics Plus and Misys Trade Innovation have been installed at its head office in Jakarta, with Misys Trade Innovation also being rolled out to branches across the country. Misys Opics Plus gives the bank a comprehensive front-to-back office, cross asset treasury solution to ensure real-time processing across a wide range of financial instruments including derivatives, foreign exchange and money markets. Misys Trade Innovation is providing necessary operational and workflow management for the bank's trade finance operations, helping it drive efficiency and growth in its international banking activity. Both products are integrated into NISP's core banking system and will provide the technology needed to support the regional growth.
In light of the reform of the banking sector and the recent strong economic performance in the country, Indonesian banks are seeing excellent levels of growth. Bank NISP is backed by OCBC, one of Singapore's largest banks and its assets have grown by an average of more than 40% over the last ten years. The bank is aiming to open a new branch every week around Indonesia, with the aim of having 500 branches by 2010.
Mr. Ferdinand Dion, Head of Corporate Affairs at Bank NISP, comments, "The added functionality we gain from both Misys Opics Plus and Misys Trade Innovation gives us essential support in our ongoing expansion plans. This is an exciting time for the Indonesian banking community, with recent consolidation and change in the market backed by direct investment from the international and local community. Our strategy for aggressive international and domestic expansion is a direct reflection of the bank's proven track record since its establishment in 1941 and the partnerships we have with companies like Misys. Our choice of Misys products to provide us with front-to-back office support gives us unrivalled scalability and flexibility for our future transaction and processing needs."
Reid Warren, Regional Sales Manager - South Asia, Misys Banking Systems, adds, "Asia is seeing a phenomenal growth in its banking sector. Legislative changes and reform of banking practices have led to a very strong sector benefiting from sound economic growth in the region. Indonesia continues to be a key market for us and Bank NISP is a welcome addition to our Asian customer base, which totals over 260 banks. We are very much looking forward to working with Bank NISP and helping it continue to expand and optimise business performance."
About Misys Banking Systems
Misys Banking Systems supplies over 1,200 customers in more than 120 countries, among them 49 of the world's top 50 banks, with software and solutions for retail banking, wholesale banking, treasury and capital markets and risk management. It has 2,500 people around the world and sales, implementation and customer support teams in nearly 30 countries. One third of the world's commercial loans, half of traded loan volumes and one in every eight global FX transactions are conducted using Misys systems. Misys invests heavily in research and development and is one of the top industry spenders, investing nearly ten per cent of total revenue per annum. Misys Banking Systems is part of Misys plc.
About Misys plc
Misys plc (FTSE: MSY.L), the global software company, is one of the world's largest and longest-established providers of industry-specific software. Founded in 1979, Misys serves the international banking and healthcare industries, combining technological expertise with in-depth understanding of customers' markets and operational needs. In banking Misys is a market leader with over 1,200 customers, including 49 of the world's top 50 banks. In healthcare Misys is also a market leader, serving more than 110,000 physicians in 18,000 practice locations, 1,200 hospitals and 600 home care providers. Through Sesame, a wholly-owned subsidiary, the company is also a leading provider of support services to financial advisers in the UK.
Misys employs around 6,000 people who serve customers in more than 120 countries. For more information, visit www.misys.com
For further information, please contact:
Edward Taylor
Global head of PR
Misys Banking Systems
+44-(0)-208-486-1661
edward.taylor@misys.com
Deborah Choong
Regional marketing manager
Misys Banking Systems
+852-2230-2302
deborah.choong@misys.com
