22 October 2017
visit www.response.ncr.com

Misys wins ICBC banking hub contract

27 May 2003  |  4618 views  |  0 Misys wins ICBC banking hub contract

China's largest state-owned bank, ICBC, has licensed Misys' Midas and Trade Innovation products to run its international branch operations from a central hub in Shenzhen, Southern China.

The bank plans to run up to 15 international branches from a single 'overseas data centre hub", beginning with a new branch opening in Macau this month. Implementation has now begun across branches in Singapore, Tokyo, Seoul and Hong Kong.

The bank expects that licensing one standard version of the software to run from a single centre will result in a major cost reduction. As well as delivering a centralised point for settlement, accounting and network interfacing, the bank will additionally gain a complete view of its business for MIS, risk control and regulatory reporting.

Specific local requirements are also supported through the Midas hubbing environment which caters for different end of day run times/holiday calendars and enables branches to tailor their service to local needs.

Andrew White, CEO of Misys wholesale banking systems, comments: "The bank's customers will get the best of both worlds - customer care from the local branch combined with a centre of excellence to provide for all their complex requirements."

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

Philippines Savings Bank selects Misys Opics system

Philippines Savings Bank selects Misys Opics system

22 May 2003  |  5161 views  |  0 comments
Bank of East Asia to deploy Misys for trade finance

Bank of East Asia to deploy Misys for trade finance

28 April 2003  |  3739 views  |  0 comments
Misys acquires Crossmar from Citicorp

Misys acquires Crossmar from Citicorp

22 April 2003  |  11310 views  |  0 comments | 1 tweets
Icap live with Misys' ISO 15022 settlement software

Icap live with Misys' ISO 15022 settlement software

14 April 2003  |  3827 views  |  0 comments
AKJ partners Misys Securities Systems for FIX interface

AKJ partners Misys Securities Systems for FIX interface

08 April 2003  |  3680 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.atos.net

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
11456 views comments | 17 tweets | 24 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
11272 views comments | 22 tweets | 27 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9290 views comments | 13 tweets | 10 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
8366 views comments | 10 tweets | 22 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8334 views comments | 9 tweets | 18 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job