Oman Arab Bank Adopts Misys TI Plus to Boost Trade Finance Productivity

By Misys Plc, PRNE
Tuesday, June 22, 2010

New System to Speed up Transactions and Product Introductions, Enhancing Reporting and Technical Support

LONDON, June 23, 2010 - Misys, the world's best-selling trade finance system provider,
has announced that Oman Arab Bank (OAB) has adopted the Misys TI Plus
solution to enhance the bank's trade finance capabilities.

OAB selected Misys TI Plus to improve the support to its
customers and enhance its trade finance capabilities to meet growing customer
demands and remain competitive. After a few months of comparative assessments
Misys TI Plus was found to be the most functionally rich and the bank decided
to adopt it for its trade finance and corporate banking operations. TI Plus
is due to go live in November 2010 and will be integrated with the Equation
core banking system, another Misys solution from which OAB has benefited for
12 years.

Oman Arab Bank was established in 1984 and is among the top
banks providing local project finance and related services in Oman. It has
been involved in all major infrastructural development and industrial
projects in the country and is renowned for its innovations and leading role
in developing domestic e-banking services.

"TI Plus offers the high levels of back-office performance we
need to differentiate ourselves within the markets we serve and grow our
business by providing exceptional quality of service," states Mr. Mustafa
Srour
, AGM, Oman Arab Bank. "We selected Misys not only based on the
superiority of the TI Plus solution but also on the good post-implementation
support they offer. We also felt very confident about our proven relationship
with the company."

Misys TI Plus is a flexible and intuitive back-office trade
finance processing engine that features customisable workflows for providing
visibility and control over the entire transaction lifecycle. It allows banks
to define Service Level Agreements (SLAs) for each customer and apply either
customer groupings or bilateral agreements for individual customers.
Sophisticated security features ensure that each part of the system is
protected from unauthorised use. TI Plus provides the full coverage of Trade
Services including Financial Supply Chain processing.

"We have a long-standing partnership with OAB and are
delighted that we will be extending our partnership through the
implementation of the Misys trade finance solution. Through TI Plus the bank
will benefit from the increased efficiencies and customer service through our
award winning solution." adds Roy Froud, Director - Middle East & Africa,
Misys.

Misys delivers integrated solutions for the banking, treasury
and capital markets and healthcare industries. Its innovative products and
service are used by over 1,200 banking customers in more than 120 countries.
Misys leverages over 30 years of experience in providing IT solutions to the
banking industry to help clients meet constantly evolving market
environments.

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 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

    Sebastian Mathews
    Financial Dynamics
    +44(0)207-269-7158
    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; Sebastian Mathews, Financial Dynamics, +44(0)207-269-7158, sebastian.mathews at fd.com

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