Medindia

X

Bank of Papua New Guinea Goes Live With Misys Opics Plus, Opics Risk Plus and Eagleye

Friday, June 4, 2010 General News J E 4
Advertisement

LONDON, June 4, 2010 /PRNewswire-FirstCall/ --

- BPNG Adds Latest Risk Solutions to Improve Risk Management and Compliance

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: http://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

SOURCE Misys plc

Advertisement


Advertisement

You May Also Like

Advertisement
View All

Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
User Avatar
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions
s
Scientists Give the Go-Ahead for Private Storage o...
S
IBM Scientist Awarded Prestigious Kavli Prize for ...