Misys Banking Systems says that the Philippine Veterans Bank (PVB) has implemented Misys Opics Plus. With the rapid three-month implementation, the bank says it has expanded the range of products it can offer its customers and has broadened the functionality of its treasury operations.
PVB aims to provide a range of services to its customers, including foreign exchange, treasury, domestic and foreign funds transfer. The management team at PVB chose to upgrade to Misys Opics Plus to bring additional functionality to the bank and the ability to offer its customers an expanded range of products. The Misys Banking Systems team has already completed the first implementation phase, going live with FX, fixed income, deposit & loans, nostro and cash management, and multi currency accounting modules.
Opics Plus enables the bank to process higher volumes of transactions and to support more complex instruments. The next phase of implementation will also see further modules of Misys Opics Plus in use, including analytics and customer credit.
“We are very familiar with the high standard of the products and service that Misys Banking Systems provides,” says Joric Nazario, the SVP and Treasurer of Philippine Veterans Bank. “We had every confidence that the team would be able to upgrade to Misys Opics Plus at the pace we wanted and with no disruption to the business. The professionalism and commitment of the team ensured that the implementation project was a success. We look forward to gaining the benefits of using the superior solution and continuing to work with Misys in the future.”
“Over the course of several years, we have been able to provide quality products and exceptional service to the bank through its use of Misys Equation and Misys Opics,” adds Neil Lopez, the Services Delivery Manager at Misys Banking Systems. “The bank needed to upgrade to the latest solution to enable its treasury department to remain at the cutting edge of innovation and the executive team knew that they could rely on us to ensure a successful and rapid implementation of the newest version of Misys Opics Plus. We have had great interest from Asian financial institutions in the advance capabilities of the solution. PVB is at the forefront of that market and we are delighted to help it maintain that position as an innovator in the region.”