Misys plc (LSE: MSY), the global application software and services company, today announced that Philippine National Bank (PNB) has agreed to implement Misys Opics Plus 3.0, Opics Risk Plus and Eagleye to drive efficiencies as it expands its treasury business. The integrated solution will allow the bank to manage and grow its treasury operations more efficiently, keeping market risk low as it seeks new business opportunities in increasingly diverse asset classes.
PNB, originally established in 1916, is one of the largest banks in the Philippines in terms of assets. Having been a Misys Opics customer since 2003, PNB was keen to take advantage of the latest release of Misys Opics Plus. The new solution, along with Opics Risk Plus and Misys Eagleye, will enable PNB to improve its treasury business, risk management and portfolio management.
PNB has a vision to be a leader in financial performance and through this it has a particular focus on innovation and the use of cutting-edge technology. It wanted a solution that would enable it to move into derivatives and structured products as it looks to respond rapidly to changing market conditions and customer preferences. PNB will be able to improve exposure management by pooling risk exposure centrally in order to manage the process better. Additionally, the commercial bank will improve its market risk management capabilities through enhanced reporting tools and better controls across the business from the front to the back office.
Lee Boon Huat, Managing Director Asia Pacific, Misys added, "We are thrilled to be working with PNB as it enters the latest phase of its development. This represents the first implementation of the latest version of Misys Opics Plus in the Philippines. Misys has more than 360 customers in Asia Pacific, leveraging our industry-leading solutions, local knowledge and expertise that are required to implement complex treasury products to manage volumes across multiple asset classes."
Misys has 31 years of market experience and unrivalled software development expertise. It creates integrated, comprehensive solutions for financial institutions to manage their capital market activities across multiple asset classes.