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
+44(0)20-3320-5530
edward.taylor@misys.com