Bank Internasional Indonesia licenses DSTi's HiPortfolio/3

Source: DST International

DST International (DSTi), a leading supplier of business solutions for the investment management industry, announced today that Bank Internasional Indonesia (BII), one of Indonesia's largest banks and a leading provider of custody services in Indonesia has signed an agreement to implement DSTi's Investment Accounting Solution - HiPortfolio/3.

BII custodian marketing manager, Mr. Octavianus Boyke said, "Based upon our benchmarking of vendor offerings, we feel that HiPortfolio/3 is one of the most comprehensive and proven investment accounting systems available in the Indonesian market. We also selected HiPortfolio/3 as it will fully accommodate our present investment accounting and custody needs in addition to supporting BII's future requirements. HiPortfolio/3 will also provide us with significantly improved reporting facilities and assist us with the integration of information from BII's other information technology systems. We are exceptionally pleased with DSTi's commitment to the Indonesia market and look forward to a long-term working relationship between our two companies."

Rhonda Lepsch, DSTi's Asia CEO and president director of PT DST International Indonesia said, "Indonesia's financial markets are growing at a rapid pace and we are delighted that BII, one of the main players in Indonesia's banking industry, has selected HiPortfolio/3 as its strategic solution for investment accounting and custody. HiPortfolio/3 is a unique international solution that also meets the domestic requirements of the Indonesia market. It is the ideal fit for BII because it is extremely flexible, whilst also being robust. This means HiPortfolio/3 can rapidly implement new financial instruments and global best practices as the capital markets in Indonesia continue to evolve and mature, thus enabling BII to maintain its competitiveness in the market."

Rhonda Lepsch continued: "DSTi is highly committed to Indonesia with an office in Jakarta providing sales, consulting and support services to the Indonesian market with local resources and in the local language. Further, because of our local presence, we are able to keep abreast of new regulatory changes so that DSTi products are constantly updated with necessary functionality. We are delighted to be working with BII and look forward to supporting their business growth in the years ahead."

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