Misys Wholesale Banking Systems (Misys) is proud to announce that Beijing City Commercial Bank (BCCB) has selected OPICS, its treasury, derivatives and capital markets solution, and Trade Innovation, its trade services solution, as a total solution to help the bank meet its ambitious growth objectives. The deal has been secured through Misys’ partner, Singlee Software Group.

BCCB, a joint-stock commercial bank with 110 branches across the Chinese capital, has selected the software from Misys to modernise its treasury environment and streamline its trade finance operations in one complete and fully integrated solution.

The bank has licensed OPICSExpress, the off-the-shelf version of OPICS, specifically tailored for the needs of city commercial banks, for its treasury department. Together with Trade Innovation, the market leading trade services solution, the software will support the bank’s increased volumes, values and sophistication of transactions, associated operational issues and will provide better risk management controls. The most immediate business benefits that will be delivered by the integrated solution are increased flexibility, higher efficiency and accuracy, smoother transaction flow and lower levels of operational risk.

BCCB’s Vice President, Mr.Zhao Rui An, comments: “With Misys’ solution, we selected the best of both worlds in a completely integrated solution: OPICS and Trade Innovation together give us the most comprehensive answer to our business requirements. We have made our decision at the end of a stringent evaluation process of five vendors, over a five-month period, and we concluded that Misys and Singlee are best equipped to assist us meet our objectives: to strengthen our competitiveness and to create a famous brand with leading service.”

John Palmiero, Misys Wholesale Banking Systems’ General Manager for North Asia, comments: “We are delighted to be working with BCCB and Singlee on this exciting project. We are very pleased to help the bank meet its strategic objectives, and our partnership with Singlee ensures that the solution’s benefits are fully delivered in compliance with local banking regulations and practices. Misys has a proven track record of delivering successful projects in China for the past 10 years and we are confident that our partnership with BCCB will strengthen this achievement.”

For further information, please contact:
Shamira Alidina / Adelaide Harrison
Write Image
+44 (0)20 7959 5400
shamira@write-image.co.uk / adelaide.harrison@write-image.co.uk
Andy Coulter
Head of Marketing & Business Planning
Misys Wholesale Banking Systems
+44 208 879 1188
andy.coulter@misys.com

About Beijing City Commercial Bank
With the approval of China Banking Regulatory Commission, operations of the Bank cover the following: attracting public deposits; issuing short-, medium- and long-term loans; domestic settlement; bill discount; issuing financial bonds; issuance agent, payment agent, sales agent of government bonds; sales and purchase of government bonds; inter-bank borrowing and lending; providing guarantee; receipt and payment agent, insurance agent; offering safekeeping boxes; deposit and loan by mandate for working capital for local financial credit; foreign exchange deposit; foreign exchange loan; exchange of foreign currency; inter-bank foreign exchange borrowing and lending; international settlement; settlement and sale of exchange; acceptance and discount of foreign exchange notes; foreign exchange guarantee; credit standing research, consulting and testifying; purchase and sale, purchase and sale agent of securities in foreign currency other than stocks; foreign exchange trading for itself or as agent (under option); other operations approved by China Banking Regulatory Commission.

About Misys Wholesale Banking Systems
Misys Wholesale Banking Systems is a trusted provider of innovative technology solutions. Over 1,000 employees in 30 offices around the world have built up the necessary domain expertise to deliver world-class solutions with an understanding of local requirements. Misys Wholesale Banking Systems' staff are committed to developing and supporting a product family that embraces trade finance, international banking, treasury & capital markets, confirmation matching, continuous linked settlement (CLS), ebanking, middleware and financial messaging.
Misys Wholesale Banking Systems is part of Misys plc’s Banking & Securities Division, which serves over 1,200 customers across more than 120 countries, including 92% of the world's top 50 banks and 56% of the top 250. (Source: The Banker, July 2003).
Misys plc, the global software products and solutions company, serves customers in the international banking and securities, international healthcare, and UK general insurance industries.  Through a wholly owned subsidiary, Sesame, it also provides business process outsourcing services to independent financial advisors (IFAs) in the UK.  Misys partners with its customers to deliver outstanding IT solutions to essential industries, and employs more than 6,100 people internationally.  For more information, visit www.misys.com.

About Singlee
Singlee Software (Group) Co., Ltd, as one of the main developers and suppliers for China's financial and educational information science and technology and related services, is the appointed partner of the head office of Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communication, China Merchants Bank, Fujian Industrial Banking Corp., Ltd., China Mingsheng Banking Corp., Ltd and Shanghai Pudong Development Bank, stockjobbers like Shenyin & Wanguo Securities, GF Securities, Huatai Securities, Guolian Securities and Harmony Securities, and Zhejiang University as well. The Group now has several subsidiaries as follows: Hangzhou Singlee Software Co., Ltd., Hangzhou Singlee Science & Technology Co., Ltd., Singlee Software (Zhuhai) Co., Ltd., Beijing Century Financial Knowledge Co., Ltd., focusing on offering completed resolutions to securities, education, banking and related industries