China Zhejiang Bank signs for Misys' Opics

China Zhejiang Bank signs for Misys' Opics

UK-based Misys Banking Systems has signed China Zhejiang Bank (CZ Bank) to its treasury, derivatives and capital markets technology, Opics.

The vendor says the system will provide full multi-asset class coverage for trading and risk operations.

The software will integrate nine separate systems at the bank, including local treasury, payments, general ledger and information applications currently in place. The bank will be able to connect its traders, risk managers, back-office operators and financial personnel on a single system throughout all stages of a trade lifecycle.

Shen Bin, head of treasury, CZ Bank, comments: "We needed a fully integrated system that would link all parts of our treasury functions, including money markets, fixed income, FX, derivatives and accounting for our users."

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