Stanbic Africa selects Misys Risk Management Systems as New Risk Solution Partner

London, 4 February 2005 - Misys Risk Management Systems announced today that Stanbic Africa, a division of The Standard Bank of South Africa Limited, has selected Risk Vision, the advanced solution for enterprise wide risk management to provide a continent-wide platform to monitor their market and credit risk in their African operations outside of South Africa.

Stanbic Bank is one of Africa’s leading banking and financial services groups with operations in Botswana, Congo (DRC), Ghana, Kenya, Lesotho, Malawi, Mauritius, Mozambique, Namibia, Nigeria, Swaziland Tanzania, Uganda, Zambia and Zimbabwe.

Misys Risk Management Systems’ Risk Vision was chosen following a competitive tender with all known risk vendors. The solution is the first of its kind to be implemented at Stanbic across 15 African countries. The new system will integrate with the other Misys systems used by the bank, including Bankmaster and Citydealer.

"Our need to improve the quality of our risk management function on an enterprise wide basis prompted us to review several risk management systems. Risk Vision will significantly develop our risk management capabilities and this investment will provide a far more business enabling risk management environment in our growing African franchise," comments Bob Norval, Director Risk Management, Stanbic Africa. "In addition, Risk Vision will enable us to capitalise on a number of potentially profitable new product opportunities."

Michel van Leeuwen, CEO, Misys Risk Management Systems explains, "We’re thrilled with the partnership with Stanbic, the first of its kind in the African market. It exemplifies the continued advancement of Misys Risk Management Systems and the best of breed enterprise risk management solutions that we provide."

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development