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Staal Bankiers signs for Misys Opics Plus

08 May 2007  |  1175 views  |  0 Source: Misys

Misys Treasury & Capital Markets announces today that leading Dutch private bank, Staal Bankiers N.V. is to implement Misys Opics Plus to improve treasury operations.

The solution will be implemented over the next six months in Zoetermeer, The Netherlands at the data centre of Ordina BPO, to whom Staal Bankiers has outsourced its back office systems.

Staal Bankiers is part of Achmea Group, a Financial Services Group with 22,000 staff and one of the largest financial institutions in the Benelux region. It has a long established relationship with Misys, having benefited from using Misys Opics since 1999. The bank focuses on private banking and asset management and has seven offices in The Netherlands. Misys Opics Plus, the award winning .NET smart client version of the successful Misys Opics suite, will provide Staal Bankiers with next generation service-oriented, smart-client architecture across the enterprise, with the ability to process a wide range of cross-asset financial instruments (FX and money market, fixed income, interest rate and credit derivatives) from front office through to the back office.

Geert Jan Kreemer, Director of Treasury, comments, "We are delighted to be continuing our relationship with Misys. We were impressed with the recent benchmarking results and the Innovator award given to Misys by Microsoft, both of which were instrumental in our decision to invest further in Opics Plus. The improved asset class and trading coverage plus speed of processing with Misys Opics Plus will play a critical part in helping us maintain our market leading position through enhancing trading and operational efficiencies."

"As a major financial institution, it is important that Staal Bankiers utilises the latest in processing functionality to support its day to day operations," adds Keith Stonell, Managing Director, Treasury & Capital Markets, EMEA, Misys. "The faster performance, enhanced capability and new architectural features of Misys Opics Plus will ensure that the bank can benefit from optimal multi-tiered and parallel processing, as well as improved usability and scalability that can meet anticipated volume growth in the future."

Misys Treasury & Capital Markets creates integrated, comprehensive solutions for financial institutions to manage their capital market activities across multiple asset classes.

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