National Bank of Kenya selects Misys to drive down cost/income ratio and maintain its competitive lead

4 November 2011

Misys plc (FTSE: MSY.L), the global application software and services company, today announced that National Bank of Kenya has opted for Misys BankFusion Universal Banking to improve efficiencies and reduce the bank’s cost/income ratio.

National Bank of Kenya a local Bank founded in 1968, selected Misys to be able to adapt to local management and regulatory changes, and meet any future technology changes. The bank evaluated several systems from a number of banking solution providers before choosing to go forward with Misys. The integrated solution combining the capabilities of Misys BankFusion Universal Banking, Opics Plus, TI Plus and Misys Business Intelligence, enables National Bank of Kenya to adapt to the customers changing demands and respond quickly by bringing new products to market much more rapidly.

“Trade finance is a key area for growth in Africa,” comments Mr. Marambii, Managing Director of the National Bank of Kenya. “We intend to capture a larger share of the market by using the capabilities of BankFusion Universal Banking and Misys TI Plus. With a proven track record in providing mission-critical solutions, we believe Misys is best placed to help us adapt our business quickly to any future technological, market or regulatory changes.”

“We are delighted that National Bank of Kenya has chosen to implement our solutions,” states Erin Smith, Managing Director of Misys Africa. “The bank can be confident of expanding its business supported by proven technology that gives the bank the peace of mind that it can adapt to today’s rapidly changing environment without disruption to its growing business. This is another example of how we are helping clients expand across Africa, combining our extensive experience in developing and implementing solutions with the region’s goal of accelerating its banking industry.”

Misys is well positioned to work alongside financial institutions in Africa to deliver scalable, reliable and long-term software solutions to support complex business needs. By optimising its world-class experts, partner network and comprehensive solutions, Misys continues to grow and strengthen its leadership position in Africa.

The contract was signed in February 2011.

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