Misys plc, the application software and services company, announced that CRDB Bank, one of Tanzania’s commercial banks, has successfully implemented and gone live with Misys BankFusion Universal Banking. The new functionality available through the BankFusion solution now allows CRDB Bank to improve customer service and bring new products to market more quickly and efficiently.
CRDB provides a wide range of corporate, business and retail services to customers via its network of over 50 branches across Tanzania. The bank is going through a period of growth with plans to open 10 new branches each year, launch a fully automated and integrated banking service and add many new innovative products to its existing portfolio. The bank was running Misys Bankmaster as its core banking system and took the decision to upgrade to BankFusion Universal Banking to underpin these expansion plans and to provide a platform for growth.
The Professional Services team from Misys successfully leveraged its delivery model which allowed pro-active and accelerated data cleansing and migration services, combined with initial testing at the Bangalore Global Solution Centre. Meanwhile, the on-site team focused on assisting CRDB to interface to existing systems and further realise the key benefits of the new solution. The data migration process from Bankmaster to the BankFusion solution was completed with an automated conversion tool to keep risks to a minimum and accelerate the process for the bank, giving CRDB the confidence to migrate with minimal assistance on the cut-over weekend.
CRDB is now benefiting from the most advanced universal banking solution available on the market. With BankFusion’s interfaces with Misys TI Plus, the bank has also greatly enhanced its ability to process trade finance transactions and grow its trade business as well as improve its compliance and performance management capabilities. Additionally, CRDB has Misys Opics Plus integrated into its operations, bringing full automation to the bank’s treasury department.
D.C.