Banca Popolare di Milano (BPM) has rolled out Misys Wholesale Banking Systems' treasury, derivatives and capital markets system, Opics, to staff at its subsidiary in Dublin.
Opics has been installed at Engitech, which provides facility management services to BPM Ireland, where the bank has no IT infrastructure.
BPM says the implementation has brought control of its accounting functions in-house. The bank is using the system to reduce the manual effort currently involved in management accounting and to improve reporting.
Clive Whincup, CIO of BPM's head office in Milan, adds: "Opics has enabled us to significantly lower costs, improve risk management and more easily access and analyse data to meet demanding management and regulatory requirements."
The deployment was completed in less than four months and the bank went live with the system in January.