IFIC Bank selects Misys Equation to enhance the quality and extend the range of services for customers throughout all branches
Automation brings a seamless, integrated service for customers across 65 branches
1st June 2006 - Misys Banking Systems, a global leader in banking software and solutions, today announces that International Finance Investment and Commerce (IFIC) Bank Limited in Bangladesh has selected Misys Equation to help expand the reach and capabilities of its retail banking operation.
With the rapidly expanding banking industry in Bangladesh, consumers have rising expectations about the breadth of products and services banks should provide, such as the ability to give the same quality of service to its customers at any of their branches.
Using Misys Equation with its Branch Automation module, IFIC Bank will be able to provide better information about products and services to customer-facing staff at each branch. Customers will see an enhancement to the interactions they have with branch staff and have access to an array of improved services, including signature verification, reconciliation between branches, better security and access to a wider network of ATMs.
The Managing Director of IFIC, Mr. Mashiur Rahman says that retail customers in Bangladesh have come to expect more from their bank. "We are proud of our position at the forefront of our country's banking industry. We are working hard to make sure our customers have the best service across all of our growing network of 65 branches. Customers demand the ability to perform transactions efficiently at any of our branches, more consistency in the services they receive and a wider range of banking products. Misys Equation will allow us to do all of this and start offering a wider range of services which will help us stay competitive as the market develops."
Misys Banking Systems is building strong expertise in the emerging Bangladesh banking sector. Dermot Briody, head of sales for Core Banking, Misys Banking Systems in Asia, feels that Misys is well placed to continue to work with the country's leading banks. "We have been working in Bangladesh for a number of years and have developed a clear understanding of the banking sector there and what products are needed. Misys Equation is the perfect solution for fast growing banks that want to knit their services together and provide higher standards and more choice for their customers - inside and outside of the branch network."
IFIC also plans to increase activity across its trade finance offer and will be using Misys Trade Innovation at head office and in some of the branches. Mr Mohammad Abdullah, the Deputy Managing Director of IFIC bank comments, "We want to be able to offer our corporate customers a wide range of trade finance products. Misys Trade Innovation will help us deliver more sophisticated and varied trade services."
For further press information, please contact:
Caroline Parker/Dan Davies
Financial Dynamics
0207 269 7295 / 7282 293
caroline.parker@fd.com / dan.davies@fd.com
Caroline Parker/Dan Davies
Financial Dynamics
0207 269 7295 / 7282 293
caroline.parker@fd.com / dan.davies@fd.com
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.
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 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 about 7,800 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
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 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 about 7,800 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
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