CRDB Bank Goes Live with Misys BankFusionBy Misys Plc, PRNE
Tuesday, April 13, 2010
Misys BankFusion Universal Banking at the Heart of Tanzanian Bank's Expansion Plans
LONDON, April 14, 2010 - Misys plc (LSE: MSY), the global application software and
services company, today announced that CRDB Bank, one of Tanzania's leading
commercial banks, has successfully implemented and gone live with Misys
BankFusion Universal Banking. The new functionality available through the
BankFusion solution now allows CRDB Bank to improve customer service and
bring new products to market more quickly and efficiently.
CRDB provides a wide range of corporate, business and retail
services to customers via its network of over 50 branches across Tanzania.
The bank is going through a period of growth with plans to open 10 new
branches each year, launch a fully automated and integrated banking service
and add many new innovative products to its existing portfolio. The bank was
running Misys Bankmaster as its core banking system and took the decision to
upgrade to BankFusion Universal Banking to underpin these expansion plans and
to provide a platform for growth.
The Professional Services team from Misys successfully
leveraged its delivery model which allowed pro-active and accelerated data
cleansing and migration services, combined with initial testing at the
Bangalore Global Solution Centre. Meanwhile, the on-site team focused on
assisting CRDB to interface to existing systems and further realise the key
benefits of the new solution. The data migration process from Bankmaster to
the BankFusion solution was completed with an automated conversion tool to
keep risks to a minimum and accelerate the process for the bank, giving CRDB
the confidence to migrate with minimal assistance on the cut-over weekend.
CRDB is now benefiting from the most advanced universal
banking solution available on the market. With BankFusion's interfaces with
Misys TI Plus, the bank has also greatly enhanced its ability to process
trade finance transactions and grow its trade business as well as improve its
compliance and performance management capabilities. Additionally, CRDB has
Misys Opics Plus integrated into its operations, bringing full automation to
the bank's treasury department.
Dr Charles Kimei, Managing Director of CRDB Bank, comments:
"We needed the most advanced solution on the market that provided better risk
management and more real-time business intelligence throughout the bank's
operations, from the branch to the back office. We have that in BankFusion
Universal Banking. The system allows us to deliver new and improved products
to market in a more timely manner, without the need for complex IT projects.
We are delighted that Misys has been able to deliver these capabilities which
will help us to meet our growth plans and equip us to deal with the
Roy Froud, Regional Director for Middle East and Africa at
Misys, adds: "It is great news that another of our BankFusion customers has
gone live in such a short time. Our automated conversion tool speeds up the
process of upgrading our customers and makes it almost risk free. Core
banking systems need to deliver a combination of power and flexibility to
enable customers not only to accommodate growing business volumes but to
expand their product lines to meet changing market requirements. CRDB is
already benefiting from the solution and is now able to continue its
expansion while minimising the cost and without the disruption that normally
is associated with new systems development. CRDB has been a customer of Misys
for 14 years and we are delighted we are able to continue assisting them with
their exciting expansion strategy."
About Misys plc
Misys plc (LSE: MSY), 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 plc owns a controlling stake in NASDAQ-listed
Allscripts-Misys Healthcare Solutions, Inc, a clear leader in the provision
of healthcare technology, serving more than 150,000 physicians, 700 hospitals
and nearly 7,000 post-acute and homecare organisations. Misys employs around
6,000 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.
Misys: experience, solutions, results
Contact us today, visit: www.misys.com
For further information please contact Edward Taylor Global Head of Public Relations Misys Solutions for Banking and Treasury & Capital Markets +44(0)20-3320-5530 firstname.lastname@example.org Sebastian Mathews FD +44(0)20-7269-7158 email@example.com
For further information please contact: Edward Taylor, Global Head of Public Relations, Misys, Solutions for Banking and Treasury & Capital Markets, +44(0)20-3320-5530, edward.taylor at misys.com ; Sebastian Mathews, FD, +44(0)20-7269-7158, sebastian.mathews at fd.com
Tags: April 14, England, London, Misys plc, Tanzania