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Misys Wins Asian Banker Award for “Best Single Country Treasury Management Project” with Maritime Bank

Demonstrates its ability to support Vietnam’s rapidly growing financial services industry

Misys, the global application software and services company, is pleased to announce that it has won the “Best Single Country Treasury Management Project” in The Asian Banker Technology Implementation Awards 2013. The award was won for the successful implementation of Kondor+ in 2012 at Maritime Bank in Vietnam.

Maritime Bank used Kondor+ to build a new and modern treasury system in line with international best practices, capable of supporting the bank’s entire treasury operation from front to back office, and supporting its new business growth which has a particular focus on treasury risk management.

Nguyen Huong Loan, CEO of Wholesale Banking, Maritime Bank, commented, “The treasury operations contribute a large share of Maritime Bank’s profits and has been one of our most lucrative business lines in the last five years. The implementation of Kondor+ enabled us to upgrade to a more dynamic, effective and safe treasury system, and we are now better positioned to support and control new products and connect to other trading systems within the bank.”

“We chose Kondor+ because we felt it aptly supported our business and product development plan over the coming three to five years; it was straightforward and flexible to use; and Misys provided us with a reliable local support team,” Nguyen Huong Loan added.

Craig Bennett, Regional Director – Asia, Misys said, “We are extremely proud of this award as it recognizes the commitment of both parties in achieving a successful implementation. The Misys platform will continue to support Maritime Bank as it progresses with its growth plans over the next few years.”

“We’ve seen tremendous growth in demand for Misys’ solutions in Vietnam over the past year, with several new name customer wins. As the financial services industry in Vietnam modernises its infrastructure to meet the challenges of dynamic economic growth, we are able to offer relevant solutions and unmatched on-the-ground experience,” Bennett continued. “Effective risk management is a key challenge, and Misys is responding to the challenge.”

Misys opened its office in Vietnam in 2012 and currently has five clients in the country.