Bank of Papua New Guinea Goes Live With Misys Opics Plus, Opics Risk Plus and Eagleye
By Misys Plc, PRNEThursday, June 3, 2010
BPNG Adds Latest Risk Solutions to Improve Risk Management and Compliance
LONDON, June 4, 2010 - Misys (LSE: MSY), the global application software and
services company, today announced that Bank of Papua New Guinea has gone live
with Misys Opics Plus v3.0, Misys Opics Risk Plus and Misys Eagleye. The
integrated solution will deliver enhanced efficiency and visibility in its
reserves management operation and increased automation and management control
of credit, market and operational risks.
The Bank of Papua New Guinea is a contemporary central bank
and regulator, employing best practice in the development of monetary policy,
financial sector supervision and payment system. The Bank's objective was to
significantly update its systems in order to improve its operational
efficiency and risk management capabilities to ensure it had a comprehensive
reserves management system.
The Bank selected Misys following a three-way competitive
pitch, which saw the Misys solutions emerging as the clear leader in
providing operational efficiency with effective risk management solutions.
The latest version of Misys Opics Plus will enable the Bank to process higher
volumes of treasury instruments and provide clients with more products. The
back office will utilise the system's event-based workflow manager to confirm
deal and payment information with counterparties and send automatically
generated confirmations.
Misys Opics Risk Plus and Misys Eagleye provide a
comprehensive risk management framework for the central bank including
performance and return attribution analysis, portfolio and currency
compliance limits and policy controls. The integrated front-to-back system
will provide for easier reconciliation and regulatory reporting.
Mr Loi Martin Bakani, Governor, Bank of Papua New Guinea,
said: "We were keen to modernise our infrastructure in order to gain greater
transparency, operational efficiency and risk management across our reserves
management operations. Misys was the ideal partner due to its leading
solutions and excellent track record in delivering leading treasury systems."
Mr. Lee Boon Huat, Asia Pacific Managing Director of Misys
adds: "Bank of Papua New Guinea plays an important role in managing the local
economy and in facilitating effective trade and payments, both at a national
level and internationally. With our strong track record in treasury
solutions, Misys was able to demonstrate that it is the leading provider to
help modernise the reserves management operations of the Bank. This is an
exciting partnership for Misys and we look forward to helping the team at
Bank of Papua New Guinea take advantage of our leading technology to bring
greater efficiency and stability to the country's economy."
Misys Solutions for Treasury & Capital Markets has 31 years of
experience and unrivalled software development expertise. It creates
integrated, comprehensive solutions for financial institutions to manage
their capital market activities across multiple asset classes.
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 edward.taylor@misys.com Irene Tan Head of Marketing, Asia Misys Solutions for Banking and Treasury & Capital Markets +63(2)867-9579 irene.tan@misys.com Sebastian Mathews FD +44(0)20-7269-7158 sebastian.mathews@fd.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; Irene Tan, Head of Marketing, Asia, Misys Solutions for Banking and Treasury & Capital Markets, +63(2)867-9579, irene.tan at misys.com; Sebastian Mathews, FD, +44(0)20-7269-7158, sebastian.mathews at fd.com
Tags: June 4, London, Misys plc, United Kingdom