Indonesia’s Bank NISP has gone live with two of Misys Banking Systems applications, hoping to not only expand across Asia, but improve its treasury and trade finance functions.
NISP installed both the Misys Opics Plus and Misys Trade Innovation in its head office in Jakarta and the Trade Innovation application across Indonesia. Opics Plus will be used for real-time processing of derivatives, foreign exchange and money markets, while the Trade Innovation application was implemented to manage the bank’s trade and finance operations internationally.
“The added functionality we gain from both Misys Opics Plus and Misys Trade Innovation gives us essential support in our ongoing expansion plans,” says Ferdinand Dion, head of corporate affairs at Bank NISP. “This is an exciting time for the Indonesian banking community, with recent consolidation and change in the market backed by direct investment from the international and local community. Our strategy for aggressive international and domestic expansion is a direct reflection of the bank’s proven track record since its establishment in 1941 and the partnerships we have with companies like Misys. Our choice of Misys products to provide us with front-to-back office support gives us unrivalled scalability and flexibility for our future transaction and processing needs.”
“Asia is seeing a phenomenal growth in its banking sector,” says Reid Warren, regional sales manager South Asia, Misys Banking Systems. “Legislative changes and reform of banking practices have led to a very strong sector benefiting from sound economic growth in the region. Indonesia continues to be a key market for us and Bank NISP is a welcome addition to our Asian customer base, which totals over 260 banks. We are very much looking forward to working with Bank NISP and helping it continue to expand and optimise business performance.”