DUBAI, UAE, May 13, 2014 /PRNewswire/ --
Misys, the global leader in treasury and capital markets
solutions, has announced today that NIB Bank in Pakistan has implemented Misys Opics Plus and
Opics Risk Plus in its Treasury and Risk Department. NIB Bank
needed to automate treasury processes for FX, money market, capital
market and derivatives in its operations in Karachi, Pakistan. NIB Bank, headquartered in
Karachi, is one of the largest
banks in Pakistan and also one of
the largest corporate entities of the country with a paid up
capital of Rs. 103 billion.
The advanced risk management and compliance tools from Misys
will help NIB Bank to enhance the transparency of its operations.
The solution gives a fully integrated treasury and capital markets
solution with rich straight-through-processing, treasury and
back-office functionality. Within the solution, an award-winning
risk analytics engine enables risk managers to reduce the total
cost of ownership of NIB Bank's treasury and trading
operations.
Khurram Agha, CIO at NIB Bank states, "Expanding our
collaboration with Misys offers us a full-fledged treasury solution
that meets NIB Bank's requirements. Misys Opics Plus and Opics Risk
Plus Solutions will be seamlessly integrated with our core banking
back-office system. This will enhance our treasury operations and
keep our commitments to our customers and continue to offer them
the best experience."
Commenting on the agreement, Fady Fiani, Head of Sales Middle
East & South East Asia for
Misys, adds, "We are delighted that NIB Bank has turned to Misys to
provide it with a comprehensive solution to help mitigate
operational and financial risk. We are confident that Misys Opics
Plus and Opics Risk Plus solutions will help achieve NIB Bank's
goals, provide better customer engagement and increase profits.
Misys solutions will help expand its asset coverage and reduce
operational risk with better automation of regulatory
reporting."
About NIB Bank
NIB Bank, headquartered in Karachi, is one of the largest banks in
Pakistan and also one of the
largest corporate entities of the country with a paid up capital of
Rs. 103 billion. Through an extensive network of branches spread
across Pakistan, the Bank
continues to serve its customers for all their financial needs. The
Bank's resolve to provide world-class financial products and
services to the banking population of Pakistan is driven by its key business units
including Consumer Banking, Commercial Banking and Wholesale
Banking.
For more information, please visit: http://www.nibpk.com
About Misys
Misys provides the broadest portfolio of banking, treasury,
trading and risk management solutions available on the market. More
than 1,900 banks and financial institutions use Misys software to
run their businesses, all benefitting from the continual investment
in innovation and product quality. Misys solutions create value
across banking and trading book operations, underpinned by the deep
domain expertise and experience of Misys employees and partners who
help ensure customers get maximum benefit from the solutions and
operate more effectively.
With high quality products and support Misys customers are able
to grow and protect their long-term technology investments. Misys
has the broadest range of solutions available to meet the most
complex requirements. Visit http://www.misys.com to see how Misys
and its extensive network of partners can add value to the
financial services industry.
For further information please contact
Edward Taylor
Global Head of Public Relations
Tel: +44(0)20-3320-5530
Email: edward.taylor@misys.com
SOURCE Misys