CRDB Bases Growth Strategy on Misys BankFusion Platform
- Misys BankFusion Universal Banking at the Heart of Tanzanian Bank'sExpansion Plans
Misys plc (FTSE: MSY.L), the global application software and servicescompany, today announces that CRDB Bank of Tanzania will implement MisysBankFusion Universal Banking.
Government owned until 1996, CRDB Bank is entering a period of renewedexpansion with plans to open 10 new branches a year, launch a fully automatedand integrated banking service and add many new innovative products to itsexisting product portfolio. A Misys customer of 12 years, CRDB wanted to takeadvantage of the latest banking technologies to provide a platform for growth.
Misys BankFusion Universal Banking makes it possible for banks to meetthe demands for high volume processing while continuing to meet the growingexpectation of client and market requirements. It gives banks the flexibilityto add new products and processes, a choice of hardware, software andservices and offers a significant reduction in overall technology andoperational costs.
CRDB is implementing Misys Trade Innovation, Misys Opics and Almondealongside Misys BankFusion as part of a three-phase programme. Misys TradeInnovation will enable CRDB to expand its trade finance operations whileMisys Opics will fully automate the treasury department in the bank. MisysAlmonde will provide CRDB with an award-winning compliance and performancemonitoring platform covering the key areas of risk management. The solutionis fully integrated into international banking networks such as Swift,Reuters and Bloomberg.
Dr Charles Kimei, Managing Director of CRDB Bank comments: "We needed atruly universal solution from the branch to the back office, including thefinance, treasury, trade finance and risk management functions to help ourfuture growth plans. We needed the system to be fully integrated and capableof delivering real-time business intelligence. We are confident that Misys isthe partner to give us the capability to meet our growth plans and equip usto deal with the unexpected."
Guy Warren, EVP and General Manager, Misys Banking, comments, "Corebanking systems need to deliver a combination of power and flexibility toenable our customers not only to accommodate growing business volumes but toexpand their product lines to meet changing market requirements, whileminimising cost and the disruption of new systems development. CRDB Bank hasbeen a customer of Misys for 12 years and we look forward to helping it withits expansion plans into the future."
Misys BankFusion Universal Banking includes a broad range of functionalmodules, such as general ledger, current and savings accounts, consumerlending and payments that allow banks to add new products with minimaldevelopment and time to market.
About Misys plc
Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutionsthat deliver significant results to organisations in the financial servicesand healthcare industries. We maximise value for our customers by combiningour deep knowledge of their business with our commitment to their success.
In banking and treasury & capital markets, Misys is a market leader, withover 1,200 customers, including all of the world's top 50 banks. Inhealthcare, Misys is a market leader, serving more than 110,000 physicians in18,000 practice locations and 600 home care providers. Misys employs around4,500 people who serve customers in more than 120 countries.
We aspire to be the world's best application software and servicescompany, 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 Banking +44(0)203-320-5530 firstname.lastname@example.org Sebastian Mathe
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