Indonesia’s Bank Sumsel enhances treasury function with Misys Opics Plus

23 April 2008

Bank Sumsel, the Indonesian bank owned by the South Sumatra and Bangka Belitung provinces, has chosen to strengthen its treasury trading and corporate treasury activity with a new system from Misys, the global applications software and services company.

The bank has gone live with Misys Opics Plus at its Jakarta headquarters to support the entire bank’s requirement for bank proprietary treasury trading and corporate activity and will operate across all asset classes in the treasury front, middle and back office.

Mr. Sukirno, Marketing & Treasury Director, Bank Sumsel commented, “We chose Misys Opics because of its proven capabilities and superior functionality. As a comprehensive solution for our treasury needs it answers our requirement exactly – our head office supports 15 full branches and 30 sub-branches so for us, Misys Opics will fulfill a critical role in processing our trades.”

The deal is also of strategic importance for Misys as the firm continues to expand its presence in South East Asia, a key market for the company. Indonesia is the most populous country in the region and its strong economic growth and diversified banking community make it a core target in Misys’ strategy for accelerating growth in rapidly expanding markets.

Irianto Kusumadjaja, President Director of Misys Solutions for Treasury & Capital Markets, Indonesia, comments: “The need for faster settlement on trades is a global issue and our relationship with Bank Sumsel is a further example of how we are providing enabling technology to banks into the South East Asia region. Indonesia has seen strong economic growth in recent years and this has generated huge growth opportunities for country’s banking community.”

Misys has 18 years of market experience creating integrated, comprehensive solutions for financial institutions to manage their capital market activities across multiple asset classes.

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