National Bank of Malawi Selects Misys Global Riskto Comply with
Basel II and Improve Risk Management Across its Business
LONDON, January 23, 2013 /PRNewswire/ --
National Bank of Malawi is
implementing Misys Global Risk - Regulatory Compliance across its
business to enable it to comply with Basel II. The product will
give the bank better insight into its liquidity and improve its
cost/income ratio overall.
Misys' solution will improve the way risk is monitored at the
bank by managing the entire liquidity risk management process, from
data import, analytics and calculations, to reporting. The bank
will use the product to manage the bank's balance sheet dynamically
because of the comprehensive solution that includes Basel II, asset
and liability management and fund transfer pricing all on the same
platform.
"We are excited to have signed up Misys to partner with us in
implementing the Basel II solution and improve our risk management
framework as a whole," states Isaac
Kanje, Head of Risk at NBM. "As the biggest bank in the
country, we want to take a leading role in providing outstanding
service, product innovation and ensure that our strategic
objectives are achieved in a sustainable manner. We are confident
that Misys, who also provides us with other solutions including
internet banking, will deliver an excellent solution in time for us
to be Basel II compliant by 1st January
2014, as required by the Reserve Bank of Malawi."
Misys has an excellent reputation in Africa as a reliable technology partner with
very deep local knowledge. With its preconfigured package and rapid
implementation process, Misys is enabling National Bank of
Malawi to go live on the system
and be fully compliant within the regulator's deadlines, all by the
end of May 2013.
"We are delighted that National Bank of Malawi has turned to us to help them get an
enterprise-wide view of risk exposures," adds Arnaud Picut, product manager, Misys. The bank
will be able to consolidate its entire liquidity management
position across its finance, treasury and corporate governance
departments, which is critical for regulatory compliance but also
for the bank's overall performance."
"Misys is strategically focusing on the Sub-Sahara African (SSA)
region in response to demands from our customers embarking on
modernisation programmes," comments Erin
Smith MD, Misys Africa. "We have provided many banks with
our sophisticated systems to help them in this ever-changing
regulatory environment. They rely on us to comply with new
regulations with the assurance that they can continue to grow their
product portfolio and expand across the region. We are seeing
a high demand for our expertise and solutions in this fast-paced,
high-growth region and it is exciting to see the financial services
landscape changing for the better across the SSA region."
About Misys
Misys is at the forefront of the financial software industry,
providing the broadest portfolio of banking, treasury, trading and
risk solutions available on the market. With 1,800 customers in 120
countries our team of domain experts and partners have an
unparalleled ability to address industry requirements at both a
global and local level.
Misys was formed by the merger of Misys with Turaz, which
includes the award-winning Kondor+ product line. Combined
they are able to address all customer requirements across both the
banking and trading book businesses. Misys is the trusted partner
that financial services organisations turn to for help solving
their most complex problems.
Find out more at http://www.misys.com
For further information please
contact
Edward Taylor
Global Head of Public Relations
Misys
+44(0)20-3320-5530
edward.taylor@misys.com