Philippine National Bank Expands its Treasury Business With Misys solution
By Misys Plc, PRNEWednesday, August 4, 2010
Misys Opics Plus Solution to Manage Growth and Minimise Risk
LONDON, August 5, 2010 - Misys plc (LSE: MSY), the global application software and
services company, today announced that Philippine National Bank (PNB) has
agreed to implement Misys Opics Plus 3.0, Opics Risk Plus and Eagleye to
drive efficiencies as it expands its treasury business. The integrated
solution will allow the bank to manage and grow its treasury operations more
efficiently, keeping market risk low as it seeks new business opportunities
in increasingly diverse asset classes.
PNB, originally established in 1916, is one of the largest
banks in the Philippines in terms of assets. Having been a Misys Opics
customer since 2003, PNB was keen to take advantage of the latest release of
Misys Opics Plus. The new solution, along with Opics Risk Plus and Misys
Eagleye, will enable PNB to improve its treasury business, risk management
and portfolio management.
PNB has a vision to be a leader in financial performance and
through this it has a particular focus on innovation and the use of
cutting-edge technology. It wanted a solution that would enable it to move
into derivatives and structured products as it looks to respond rapidly to
changing market conditions and customer preferences. PNB will be able to
improve exposure management by pooling risk exposure centrally in order to
manage the process better. Additionally, the commercial bank will improve its
market risk management capabilities through enhanced reporting tools and
better controls across the business from the front to the back office.
Lee Boon Huat, Managing Director Asia Pacific, Misys added,
"We are thrilled to be working with PNB as it enters the latest phase of its
development. This represents the first implementation of the latest version
of Misys Opics Plus in the Philippines. Misys has more than 360 customers in
Asia Pacific, leveraging our industry-leading solutions, local knowledge and
expertise that are required to implement complex treasury products to manage
volumes across multiple asset classes."
Misys has 31 years of market 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 (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
About Philippine National Bank
Philippine National Bank (PNB) is one of the biggest private
commercials banks in the Philippines. Its distribution network is one of the
most extensive with 324 domestic branches and 112 overseas branches, offices
and subsidiaries. It enjoys a strong franchise in its core businesses which
includes retail banking, corporate, institutional and consumer lending,
remittance, and treasury. Earlier this year, PNB received the Financial
Insights Innovation Award for Channels Innovation for its pioneering
Automated Remittance Machines in the annual Asian Financial Services Congress
held In Singapore. The Bank was the sole winner from the Philippines out of
10 awardees in this annual search for outstanding innovations in the
Asia-Pacific region by the IDC Financial Insights.
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 Pacific 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 Pacific, 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: August 5, London, Misys plc, United Kingdom