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Bank Internasional Indonesia selects Misys

Tuesday 8 March 2005 11:11 CET | News

Bank Internasional Indonesia (BII), one of the largest banks in Indonesia, has selected its Misys Opics and Misys Message Manager solutions to provide a fully automated, front-to-back-office integrated solution.

The bank selected the solutions to meet new business requirements that call for a wider portfolio of more complex financial products, such as Foreign Exchange, Fixed Income, Derivatives and Structured Products. In addition, they form a critical part of the bank’s strategy to address regulatory compliance issues and achieve better automation of its operations. Having conducted an extensive selection process that reviewed a total of five different vendor solutions over a six month period, the bank finally selected Misys Opics and Misys Message Manager from a short list of three. Misys Opics is the established industry leader in providing fully automated straight-through processing (STP) capabilities to the wholesale banking industry. It will be used by BII to reduce costs by centralising all systems and operations involved with the new extended range of products. This will be aided by Misys Message Manager, which will integrate and interlink any applications developed by the bank’s in-house team, and by third parties, with Misys Opics. This will therefore give BII guaranteed message delivery backed up by advanced data replication and sophisticated data manipulation, thus giving robust quality to their operations. The joint Misys solution is due to be implemented in two phases, with each phase estimated to be seven and four months respectively. Completion of the implementation is therefore expected in Q1 2006.


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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce