Bank of Beirut Expands Business by Deploying Misys Solutions

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• Publié par: misys-plc
• Nombre de lectures: 19
• Langue: English

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Bank of Beirut Expands Business by Deploying

Misys Solutions

PR Newswire

BEIRUT, Lebanon, June 13, 2012

BEIRUT, Lebanon

,

June 13, 2012

/PRNewswire/ --

Misys, the global provider of financial application software and services for

Banking and Capital Markets, has been selected by Bank of

Beirut

(BoB), one of

Lebanon's

leading commercial banks, to enable the bank to address local

market requirements and support its international expansion.

BoB has chosen an integrated solution from Misys, comprising Misys

BankFusion Universal Banking, TI Plus and Sophis RISQUE to make its

operations more efficient, deliver enhanced customer service and provide high-

quality trade services to its corporate clients. By automating its operations

across all divisions, BoB can process higher volumes of transactions while

maintaining lower costs per transaction as it continues to expand. BoB is

currently integrating Misys' solutions with the bank's existing applications

supported by the highly skilled implementation team from Misys.

Gaby Andari, Chief Information Officer at Bank of

Beirut

, comments, "Misys

solutions offer the scalability, flexibility and functionality required to meet

today's changing market demands. The solution helps us differentiate ourselves

within the markets we serve and achieve significant economies of scale

through centralized resources. "We have worked closely with Misys for many

years now and are delighted to extend this partnership to enable us to grow

and maintain our lead in the market."

"In an ever-changing market, businesses need to be able to adapt quickly, adds

Maruf Majed, Managing Director at Misys Middle East. "Demands for a nimbler

response to customer requirements, reduction of risk and the pressure to

increase revenues while lowering operating costs continue to change the way

banks operate." Our solutions offer the necessary tool-kit to effectively assist

BoB in their expansion plans."

Misys will provide a comprehensive set of trade finance business applications

which support traditional trades, open account services and capital finance

solutions like factoring. The bank will use Misys BankFusion Universal Banking

as its platform that will enable it to change processes quickly and bring new

products to market keeping it ahead of competitors, while ensuring risk and

costs are kept to a minimum. Lastly, Misys Sophis RISQUE will offer real time

position keeping through a set of comprehensive support-to-decision tools

created for portfolio managers.

Since its entry into the

Middle East

and African markets in 1982, Misys has

solidified its position working alongside local market participants to provide

scalable, reliable and long-standing software solutions to support complex

business needs. By combining global experience with local knowledge,

comprehensive solutions and industry insight, Misys continues to grow and

strengthen its leadership position within the

Middle East

and

Africa's

financial

services industry.

About Misys

Misys is at the forefront of the financial software industry, providing the

broadest portfolio of banking, treasury, trading and risk solutions available on

the market. With 1,800 customers in 120 countries our team of domain experts

and partners have an unparalleled ability to address industry requirements at

both a global and local level.

Misys was formed by the merger of Misys with Turaz, which includes the award-

winning Kondor+ product line. Combined they are able to address all customer

requirements across both the banking and trading book businesses. Misys is the

trusted partner that financial services organisations turn to for help solving

their most complex problems.

Find out more at http://www.misys.com

For further information please contact

Edward Taylor

Global Head of Public Relations

Misys

[phone]

[e-mail]