Indonesia’s Bank Sumsel enhances treasury function with Misys Opics Plus
Roll-out supports bank’s treasury and capital markets business products and aids profitability
23 April 2008 - Bank Sumsel, the Indonesian bank owned by the South Sumatra and Bangka Belitung provinces, has chosen to strengthen its treasury trading and corporate treasury activity with a new system from Misys, the global applications software and services company.
The bank has gone live with Misys Opics Plus at its Jakarta headquarters to support the entire bank’s requirement for bank proprietary treasury trading and corporate activity and will operate across all asset classes in the treasury front, middle and back office.
Mr. Sukirno, Marketing & Treasury Director, Bank Sumsel commented, “We chose Misys Opics because of its proven capabilities and superior functionality. As a comprehensive solution for our treasury needs it answers our requirement exactly – our head office supports 15 full branches and 30 sub-branches so for us, Misys Opics will fulfill a critical role in processing our trades.”
The deal is also of strategic importance for Misys as the firm continues to expand its presence in South East Asia, a key market for the company. Indonesia is the most populous country in the region and its strong economic growth and diversified banking community make it a core target in Misys’ strategy for accelerating growth in rapidly expanding markets.
Irianto Kusumadjaja, President Director of Misys Solutions for Treasury & Capital Markets, Indonesia, comments: “The need for faster settlement on trades is a global issue and our relationship with Bank Sumsel is a further example of how we are providing enabling technology to banks into the South East Asia region. Indonesia has seen strong economic growth in recent years and this has generated huge growth opportunities for country’s banking community.”
Misys has 18 years of market experience creating integrated, comprehensive solutions for financial institutions to manage their capital market activities across multiple asset classes.
For further information please contact
Stephen White
Misys Treasury & Capital Markets
t. +44 (0) 207 757 6134
Sebastian Mathews
Financial Dynamics
+44 (0) 207 269 7158
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 and 600 home care providers. Misys employs around 4,500 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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