Misys Treasury & Capital Markets says a Dutch private bank, Staal Bankiers N.V., is to upgrade its treasury management system, Misys Opics Plus. The system will be implemented over the next six months in Zoetermeer, The Netherlands at the data centre of Ordina BPO, to whom Staal Bankiers has outsourced its back office systems.
Staal Bankiers is part of Achmea Group, a one of the largest financial institutions in the Benelux region. It has a long established relationship with Misys, having used Misys Opics since 1999. The bank focuses on private banking and asset management and has seven offices in The Netherlands.
.NET-based Misys Opics Plus, can process a wide range of cross-asset financial instruments (FX and money market, fixed income, interest rate and credit derivatives) from the front office through to the back office.
“We are delighted to be continuing our relationship with Misys,” says Geert Jan Kreemer, Director of Treasury at Staal Bankiers. “We were impressed with the recent benchmarking results and the Innovator award given to Misys by Microsoft, both of which were instrumental in our decision to invest further in Opics Plus. The improved asset class and trading coverage plus speed of processing with Misys Opics Plus will play a critical part in helping us maintain our market leading position through enhancing trading and operational efficiencies.”
“As a major financial institution, it is important that Staal Bankiers utilises the latest in processing functionality to support its day to day operations,” adds Keith Stonell, Managing Director, Treasury & Capital Markets, EMEA, Misys. “The faster performance, enhanced capability and new architectural features of Misys Opics Plus will ensure that the bank can benefit from optimal multi-tiered and parallel processing, as well as improved usability and scalability that can meet anticipated volume growth in the future.”