Misys, the global financial software and services company, has scooped two award wins alongside Bank of Beijing and Vietnam Technological & Commercial Joint Stock Bank (Techcombank). The accolades mark separate transformation projects in the Asia Pacific region.
An initiative with Bank of Beijing, in response to Capital Accord requirements, is named The Market Risk Technology Implementation of the Year in the The Asian Banker Risk Management Awards 2016. The win celebrates the deployment of Misys FusionCapital to integrate risk management, regulatory compliance and middle office risk monitoring across the bank’s treasury and capital business.
“We have a strong, and continuously growing, presence in Asia Pacific and our success in these awards programmes demonstrates our commitment to the region,” said Alexandru Gomoiu, Global Head of Capital Markets, Misys. “The wins point to our ability to support banks with innovative, componentised and flexible solutions which transform processes and operations, whether that’s in response to regional market demands, local regulatory requirements or broader bank challenges.”
Separately, Asian Banker has rewarded work with Techcombank in the Best Treasury Management Project in Vietnam category at the Vietnam Country Awards 2016. The project saw the bank transform its front-to-back treasury technology with Misys FusionCaptial. An innovative modular approach helped the bank integrate data systems and streamline processes, to reduce transaction and operational costs. Completed in just 10 months, the project enables the bank to better serve clients and make more considered judgements through accurate risk analysis.
The Asian Banker runs several international awards programmes, covering retail financial services, transaction banking, risk and technology. The Vietnam Country Awards launched this year to focus on efforts at the national level that may be unique or specific to the country.