23 May 2018

Philippine National Bank signs for Misys' Opics

17 February 2004  |  4566 views  |  0 Philippine National Bank signs for Misys' Opics

The Philippine National Bank (PNB) has licensed Misys Wholesale Banking Systems' treasury, derivatives and capital markets system, Opics.

The bank says it will use the Opics package to improve efficiency across the front, middle and back office.

Misys says its product will deliver enhanced transaction flows and improved risk management through volume and stop-loss limits and better inventory management of securities.

The system will also be used to support the bank's future plans for building a retail fixed income business.

PNB is the 16th bank to sign for Opics in the Philippines. Misys says the system includes features that comply with the specific requirements of both local financial institutions and the central bank.

Asterio Favis PNB's EVP and treasury head, says: "Following a stringent evaluation process of three vendors, over a seven-month period, our bank concluded that Misys best fulfilled all our requirements for functionality, local track record, strong and reliable support and the ability to provide a localised Filipino solution."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Misys commits to platform independent, global processing model

Misys commits to platform independent, global processing model

21 October 2003  |  4770 views  |  0 comments
Lateko Bank deploys Misys Opics system

Lateko Bank deploys Misys Opics system

23 July 2003  |  4373 views  |  0 comments
Philippines Savings Bank selects Misys Opics system

Philippines Savings Bank selects Misys Opics system

22 May 2003  |  5292 views  |  0 comments
Arab National Bank live with Misys Opics

Arab National Bank live with Misys Opics

26 March 2003  |  4738 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit iliad-solutions.com/

Top topics

Most viewed Most shared
PayPal agrees $2.2 billion deal for iZettlePayPal agrees $2.2 billion deal for iZettl...
9891 views comments | 16 tweets | 28 linkedin
BBVA begins global roll-out of unified mobile appBBVA begins global roll-out of unified mob...
8715 views comments | 6 tweets | 5 linkedin
Japanese banks join quantum computing hubJapanese banks join quantum computing hub
7367 views comments | 8 tweets | 5 linkedin
SEC lures wannabe crypto investors with fake ICO siteSEC lures wannabe crypto investors with fa...
6882 views comments | 7 tweets | 11 linkedin
Fed governor: Digital tokens for financial settlement hold promise for central banksFed governor: Digital tokens for financial...
6588 views comments | 7 tweets | 11 linkedin

Featured job

Six-Figure Base + OTE + Benefits
London, UK

Find your next job