Shunde Rural Commercial Bank Signs up Misys to Manage Treasury Business
By Misys Plc, PRNETuesday, April 6, 2010
Misys Opics Solution Implemented to Expand Treasury Business
LONDON, April 7, 2010 - Misys plc (FTSE: MSY:L), the global application software and
services company, today announced that Shunde Rural Commercial Bank (Shunde
RCB) has gone live with Misys Opics Plus and Misys Opics Risk Plus. The
integrated solution will allow the bank to manage and grow its treasury
operations more efficiently, particularly its large-scale bond business, and
to seek new business opportunities.
Formerly named Rural Credit Cooperatives Union of Shunde and
on 23 December 2009 renamed Shunde Rural Commercial Bank, it is one of the
oldest financial institutions in Shunde. It is the first rural credit
cooperative union that transferred to a joint-stock rural commercial bank in
FoShan city of Guangdong province in China. Treasury is one of the bank's key
business focuses. The brand philosophy of Shunde RCB is "Serving Diligently,
Achieving Goals". By taking the leading listed banks as benchmarks, Shunde
RCB is aiming to become a well governed and competitive modern commercial
bank with sufficient capital, strict internal control and sound financial
health.
Shunde RCB selected the powerful treasury management solution,
Misys Opics Plus, to improve exposure management by pooling risk exposure
centrally in order to manage the process better. Additionally, the solution
will help the commercial bank to improve risk management through enhanced
reporting, controls and risk management tools across the business from front
to back office. This will enable Shunde RCB to meet its regulatory
requirements on new accounting policies and to provide a more robust risk
management system.
Commenting on the adoption of Misys' solution, Mr Zhang Yi
Feng, General Manager of the Treasury Department of Shunde Rural Commercial
Bank, commented, "Misys was chosen following a competitive pitch because of
its proven track record. We have confidence that its solutions will deliver
against our requirements and accommodate our growth plans. Misys Opics Plus
and Misys Opics Risk will enable us to make great improvements to our
business and offer real benefits to us and our clients as we continue to
expand."
Lee Boon Huat, Managing Director Asia Pacific, Misys added,
"We are thrilled to be working with Shunde Rural Commercial Bank as it enters
the latest phase of its development. This represents the first implementation
of Misys Opics Plus in the Chinese credit union sector. Misys now has more
than 30 customers in China, 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 Solutions for Treasury & Capital Markets has 20 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 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 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; Sebastian Mathews, FD, +44(0)20-7269-7158, sebastian.mathews at fd.com
Tags: April 7, London, Misys plc, United Kingdom