Indonesia's Bank NISP has implemented Misys Opic Plus and Trade Innovation products to drive expansion in its treasury and trade finance operations.
Misys Opics Plus and Trade Innovation have been installed at the bank's head office in Jakarta, with Trade Innovation also being rolled out to branches across the country.
Misys Opics Plus gives the bank a front-to-back office, cross asset treasury solution for real-time processing of derivatives, foreign exchange and money markets. The trade finance package has been installed to provide operational and workflow management for the bank’s trade finance operations.
Bank NISP is backed by OCBC, one of Singapore’s largest banks and is aiming to open a new branch every week around Indonesia, with the aim of having 500 branches by 2010.
Reid Warren, regional sales manager – South Asia, Misys Banking Systems, comments: "Indonesia continues to be a key market for us and Bank NISP is a welcome addition to our Asian customer base, which totals over 260 banks."