Public Bank Berhad implements Misys Equation 3.82 in less than 3 weeks
17 October 2007 - Misys, a global leader in application software and services, has completed the implementation of Misys Equation 3.82 in record time at Public Bank Berhad in Colombo, Sri Lanka (PBSL) to enable it to evolve from a manually-processed bank to one with a fully-automated retail operation.
As part of its strategy to continually improve operational efficiencies and drive better customer service, PBSL has invested in its domestic and international operations. With the objective of automating its retail banking processes while minimising operational risk, the bank selected Equation 3.82, the latest version of the core banking system from Misys. Misys’ experience and track record in helping hundreds of banks globally to gain better control of their operations while complying with both local and global banking regulations was fundamental to the decision.
As well as providing PBSL with an automated system to manage branch and product expansion, Misys Equation 3.82 was able to improve system performance and security. The new version of the core banking system is the result of more than 140 separate projects and in excess of 150 man-years’ development, and has been designed to ensure Misys customers continue to benefit from the very latest advances in financial software development.
Mark Yamin-Ali, regional sales manager at Misys, added, “This is a great example of how we have been able to use our knowledge of the market and our technology expertise to solve a business problem quickly. Misys Equation is a rapidly scalable solution, so we look forward to working with PBSL to support its goal of extending its reach across the country.”
For further information please contact
Edward Taylor
Global Head of Public Relations
Misys Banking Systems
+44 (0) 208 486 1661
edward.taylor@misys.com
Caroline Parker
Financial Dynamics
+44 (0) 207 269 7295
caroline.parker@fd.com
About Misys plc
Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions that deliver significant results to organisations in the financial services and healthcare industries. We maximise value for our customers by combining our deep knowledge of their business with our commitment to their success.
In banking and treasury & capital markets, Misys is a market leader, with over 1,200 customers, including all of the world’s top 50 banks. In healthcare, Misys is a market leader, serving more than 110,000 physicians in 18,000 practice locations, 1,200 hospitals and 600 home care providers. Misys employs around 5,500 people who serve customers in more than 120 countries.
We aspire to be the world’s best application software and services company, delivering results for the most important industries in the world.
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