Indonesia’s Bank NISP is implementing Misys Banking Systems software to drive further growth across its treasury and trade finance functions.
Misys says Bank NISP is looking to capitalize on Indonesia’s strengthening economy and to maintain its rapid growth, which has seen assets grow at an average rate of 40% in the last ten years.
The bank will integrate its treasury and trade finance operations using Misys Trade Innovation and Misys Opics. The installation of Misys Opics will make the bank one of the first in Asia to use state-of-the art modules re-architected in .NET and will be deployed as a central hub solution supporting three operations within Indonesia.
Mr Ferdinan Dion, head of corporate affairs at Bank NISP, said, The market for trade finance and treasury expertise is growing massively and we want to be able to capitalise on the international business that is coming into Indonesia to support these projects.
He continued, Misys Opics and Misys Trade Innovation will enable us to achieve much higher transaction volumes, more of the processing will be automated, we’ll have 95%-plus Straight-Through Processing and we’ll be flexible enough to adapt to a changing market.