DST International (DSTi), a supplier of business applications, says that Bank Internasional Indonesia (BII), one of Indonesia’s largest banks and a provider of custody services in Indonesia has signed an agreement to implement DSTi’s Investment Accounting Application, HiPortfolio/3.
“Based upon our benchmarking of vendor offerings, we feel that HiPortfolio/3 is one of the most comprehensive and proven investment accounting systems available in the Indonesian market,” says Octavianus Boyke, the custodian marketing manager at BII. “We also selected HiPortfolio/3 as it will fully accommodate our present investment accounting and custody needs in addition to supporting BII’s future requirements. HiPortfolio/3 will also provide us with significantly improved reporting facilities and assist us with the integration of information from BII’s other information technology systems. We are exceptionally pleased with DSTi’s commitment to the Indonesia market and look forward to a long-term working relationship between our two companies.”
“Indonesia’s financial markets are growing at a rapid pace and we are delighted that BII, one of the main players in Indonesia’s banking industry, has selected HiPortfolio/3 as its strategic solution for investment accounting and custody,” adds Rhonda Lepsch, the Asia CEO at DSTi and president director of PT DST International Indonesia. “HiPortfolio/3 is a unique international solution that also meets the domestic requirements of the Indonesia market. It is the ideal fit for BII because it is extremely flexible, whilst also being robust. This means HiPortfolio/3 can rapidly implement new financial instruments and global best practices as the capital markets in Indonesia continue to evolve and mature, thus enabling BII to maintain its competitiveness in the market.”