Nordic Investment Bank implements Misys Opics Plus

1 July 2009

Nordic Investment Bank (NIB), an international financial institution (IFI) owned by eight Nordic countries, has gone live with Misys Opics Plus. The Misys solution will cover the entire bank’s requirement for bank proprietary treasury trading and corporate activity and will operate across all asset classes in the treasury back office.

At a time when financing is particularly difficult to arrange, IFIs are looking to play a critical role in ensuring that infrastructure projects continue the modernisation and competitiveness of a region. Headquartered in Helsinki, NIB is an important financing vehicle for projects that are deemed to strengthen competitiveness and enhance the environment of its member countries (Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden). Formed in the mid 1970s and expanded in 2005, NIB soon started looking for a leading back-office treasury solution to replace the ageing technology previously being used.

NIB selected Opics Plus; an award winning front-to-back-office treasury and capital markets solution across a wide range of instruments including derivatives, fixed income, equities and treasury trades. The new treasury system will enable the bank to process higher volumes of treasury instruments and provide clients with more sophisticated products, whilst providing sound risk management and the infrastructure for growth in the future.

Jouni Järvenpää, Information and Communication Technology, NIB comments: “We wanted to put in place the most up-to-date solutions that would improve our broad capabilities and that would grow with us. We carefully evaluated the best options and Misys was the clear leader in its field. We are very excited about the improved services that will be derived from this flexible solution.”

Stephen Mitchell, Regional Sales Manager CEE and Scandinavia, Misys, adds: “NIB is an important financing vehicle to help drive the infrastructure development of the region and is a good corporate citizen both through its commitment to responsible operations and its strong environmental credentials. Misys Opics Plus is a proven solution and we are confident that by modernising its central transaction processing solutions, it will be able to realise significant gains in efficiency and profitability in the years to come.”

Misys Solutions for Treasury & Capital Markets has 19 years of market experience and unrivalled software development expertise. It creates integrated, comprehensive solutions for financial institutions to manage their capital market activities across multiple asset classes.

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