2007'02.01.Thu
Misys Banking Systems Helps Bank NISP Stay at Forefront of Market Growth in Treasury & Trade Finance
Misys Banking Systems Helps Bank NISP Stay at Forefront of Market Growth in Treasury & Trade Finance

March 22, 2006

LONDON, March 22 /Xinhua-PRNewswire/ -- Misys Banking Systems is pleased to announce that Bank NISP, one of the largest Indonesian banks with assets of Rp. 20 trillion (S$3.4billion) as of 31st December 2005 (audited), has announced that it will be implementing Misys Banking Systems software to drive significant growth across its treasury and trade finance functions. Indonesia is poised to be a strong regional economic leader after a period of sustained growth. The Indonesian Government committed in 2004 to invest $150 billion in infrastructure projects over a ten-year period to achieve significant economic growth. The first tranche of that investment, over $50bn, has already been placed. Foreign direct investment has also grown by 70 per cent in the first half of 2005. Bank NISP, among the first in Indonesia to address the international market, is looking to capitalize on the nation's strengthening economy and to maintain its rapid growth, which has seen assets grow at an average rate of 40 percent in the last ten years. It will integrate its treasury and trade finance operations using two solutions from Misys Banking Systems, Misys Trade Innovation and Misys Opics. The installation of Misys Opics will be one of the first in Asia to use state-of-the art modules re-architected in .NET and will be deployed as a central hub solution supporting three operations within Indonesia. Misys Opics will equip the bank with 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 will provide the necessary operational and workflow management for the bank's trade finance operations, helping it drive efficiency and growth in its international banking activity. Mr. Ferdinan Dion, Head of Corporate Affairs at Bank NISP, sees these solutions from Misys Banking Systems as a key pillar in the bank's strategy for maintaining growth and developing new markets. "The market for trade finance and treasury expertise is growing massively and we want to be able to capitalize on the international business that is coming into Indonesia to support these projects. Misys Opics and Misys Trade Innovation will enable us to achieve much higher transaction volumes, more of the processing will be automated, we'll have 95%-plus Straight-Through Processing (STP) and we'll be flexible enough to adapt to a changing market." Reid Warren, Regional Sales Manager -- South Asia, Misys Banking Systems, says: "Indonesia is a key market for Misys. We are well established in Asia and the partnership with Bank NISP means that we now have over 260 customers in the region. The prospects for growth here are very encouraging and we are pleased that major institutions like Bank NISP are choosing Misys solutions to help them maintain their competitive edge, expand into new markets and improve their business performance." About Misys Banking Systems Misys Banking Systems supplies over 1,200 customers in over 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 2,600 people around the world, over 70% of whom are outside of the United Kingdom, and sales, implementation and customer support teams in over 28 countries. Misys Banking Systems is part of Misys plc. About Misys plc Misys plc (FTSE: MSY), 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 92,000 physicians in 18,000 practice locations, 1,250 hospitals and 600 home care providers. In UK general insurance Misys is the market leader in software solutions. Through Sesame, a wholly-owned subsidiary, the company is also a leading provider of support services to about 7,800 financial advisers in the UK. Misys employs over 6,500 people who serve customers in more than 120 countries. For more information, visit http://www.misys.com . Misys. Making things that really matter, work better. About Bank NISP Founded in 1941 in Bandung, West Java, Bank NISP is the fourth oldest bank in Indonesia. With total assets of Rp 20 trillion (S$3.4billion) as of 31 December 2005 (audited), Bank NISP is the 9th largest private bank in Indonesia. Supported by a distribution network of more than 200 branches and offices and also more than 15,000 shared ATMs nationwide, Bank NISP has a strong franchise serving small and medium enterprises as well as the consumer market in Indonesia. Bank NISP whose 72.29 % shares are owned by OCBC Bank's subsidiary, OCBC Overseas Investments Pte Ltd, has had a consistently strong track record in the last 10 years, and continued to perform well even during the Asian financial crisis of 1997-1998. In 2005, Bank NISP was named Finance Asia Magazine's Asia's Best Company. Bank NISP is committed to become one of leading banks in Indonesia in line with Bank's vision "to be the bank of choice with world-class standards recognized for its caring and trustworthiness." For more information, please contact: Caroline Parker Tel: +44-207-269-7295 Mobile: +44 (0) 7917 648526 Fax: +44-20-7831-8438 Email: Caroline.Parker@fd.com SOURCE Misys plc
PR
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