JAKARTA, Indonesia, 8th March 2005 – Misys Wholesale Banking Systems (Misys) is pleased to announce that Bank Internasional Indonesia (BII), one of the largest banks in Indonesia, has selected its Misys Opics and Misys Message Manager solutions to provide a fully automated, front-to-back-office integrated solution. The bank selected the solutions to meet new business requirements that call for a wider portfolio of more complex financial products, such as Foreign Exchange, Fixed Income, Derivatives and Structured Products. In addition, they form a critical part of the bank’s strategy to address regulatory compliance issues and achieve better automation of its operations.
Having conducted an extensive selection process that reviewed a total of five different vendor solutions over a six month period, the bank finally selected Misys Opics and Misys Message Manager from a short list of three.
Misys Opics is the established industry leader in providing fully automated straight-through processing (STP) capabilities to the wholesale banking industry. It will be used by BII to reduce costs by centralising all systems and operations involved with the new extended range of products. This will be aided by Misys Message Manager, which will integrate and interlink any applications developed by the bank’s in-house team, and by third parties, with Misys Opics. This will therefore give BII guaranteed message delivery backed up by advanced data replication and sophisticated data manipulation, thus giving robust quality to their operations.
Henry Ho Hon Cheong, President Director of Bank Internasional Indonesia, said there were a number of reasons why they selected the Misys solutions. “Misys has always provided proven financial solutions, backed up by their local knowledge, to the Indonesian market. In addition, as we expand our business we will require more complex products within areas such as Fixed Income and Derivatives, so we are particularly pleased that Misys future development plans are clearly able to meet these requirements.”
Sebastian Muliawan Wijaya, President Director, Misys International Financial Systems, Indonesia, was delighted with the confidence that BII has shown in Misys. “We are very pleased to have developed such a strong relationship with BII, having worked hard with them to integrate Misys Opics with a large number of their core banking and branch delivery systems. For instance, SWIFT, RTGS, BI Reporting, Reuters and Bloomberg are mission-critical applications for the bank, so our experience and expertise in integrating with these systems has been crucial. We now look forward to working closely with BII as they continue to grow their business.”
The joint Misys solution is due to be implemented in two phases, with each phase estimated to be seven and four months respectively. Completion of the implementation is therefore expected in Q1 2006.
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For further information, please contact:
Indo Pacific PR for Misys
(021) 781 2436
Regional Marketing Manager
Misys Wholesale Banking Systems
(65) 9755 9585
Division Head Corporate Communication
Bank Internasional Indonesia
(021) 230 0888
About Misys Wholesale Banking Systems
Misys Wholesale Banking Systems is a trusted provider of innovative technology solutions: over 1,000 employees in 30 offices around the world have built up the domain expertise to deliver world-class solutions with an understanding of local requirements. Misys Wholesale Banking Systems' staff are committed to developing and supporting a product family that embraces trade services, international & regional banking, managed treasury services, capital markets, confirmation matching, continuous linked settlement (CLS), multi-channel banking, commercial lending, FX trading, cash management and financial messaging.
Misys Wholesale Banking Systems is part of Misys plc’s Banking & Securities Division, which serves over 1,200 customers across more than 120 countries worldwide, including 90% of the world's top 50 banks (Source: The Banker, July 2004).
Misys plc, the global software products and solutions company, serves customers in the international banking and securities, international healthcare, and UK general insurance industries. Through a wholly owned subsidiary, Sesame, it also provides business process outsourcing services to independent financial advisors (IFAs) in the UK. Misys partners with its customers to deliver outstanding IT solutions to essential industries, and employs more than 6,100 people internationally. For more information, visit www.misys.com.
About Bank Internasional Indonesia
BII is one of the largest banks in Indonesia with an international network that comprises over 250 branches and 700 ATMs across Indonesia, as well as a banking presence in Singapore, Mauritius, Mumbai and the Cayman Islands. With a total customer deposit base of more than IDR (Indonesian Rupiahs) 28 trillion and over IDR 35 trillion in assets, BII provides a full range of financial services through it's branch and ATM network, phone banking and internet banking channels. The bank holds over two million customer accounts at its 250 branch offices and has 8,000 employees
BII is listed on the Jakarta and Surabaya Stock Exchanges (BNII) and is active both in corporate and retail banking, providing individuals and small to medium sized enterprises with credit cards, mortgages, deposit taking, lending, and wealth management services. Corporate clients are provided with services in trade finance, cash management, lending, custody, and foreign exchange.
BII is widely known as a pioneer in virtual banking services and offers facilities such as Internet Banking, Corporate Online Banking (CoOL Banking), and Phone Banking. For more information, visit www.bii.co.id
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