LONDON, April 7, 2010 /PRNewswire/ -- Misys plc (FTSE: MSY:L), the global application software and services company, today announced that Shunde Rural Commercial Bank (Shunde RCB) has gone live with Misys Opics Plus and Misys Opics Risk Plus. The integrated solution will allow the bank to manage and grow its treasury operations more efficiently, particularly its large-scale bond business, and to seek new business opportunities.
Formerly named Rural Credit Cooperatives Union of Shunde and on 23 December 2009 renamed Shunde Rural Commercial Bank, it is one of the oldest financial institutions in Shunde. It is the first rural credit cooperative union that transferred to a joint-stock rural commercial bank in FoShan city of Guangdong province in China. Treasury is one of the bank's key business focuses. The brand philosophy of Shunde RCB is Serving Diligently, Achieving Goals. By taking the leading listed banks as benchmarks, Shunde RCB is aiming to become a well governed and competitive modern commercial bank with sufficient capital, strict internal control and sound financial health.
Shunde RCB selected the powerful treasury management solution, Misys Opics Plus, to improve exposure management by pooling risk exposure centrally in order to manage the process better. Additionally, the solution will help the commercial bank to improve risk management through enhanced reporting, controls and risk management tools across the business from front to back office. This will enable Shunde RCB to meet its regulatory requirements on new accounting policies and to provide a more robust risk management system.
Commenting on the adoption of Misys' solution, Mr Zhang Yi Feng, General Manager of the Treasury Department of Shunde Rural Commercial Bank, commented, Misys was chosen following a competitive pitch because of its proven track record. We have confidence that its solutions will deliver against our requirements and accommodate our growth plans. Misys Opics Plus and Misys Opics Risk will enable us to make great improvements to our business and offer real benefits to us and our clients as we continue to expand.
Lee Boon Huat, Managing Director Asia Pacific, Misys added, We are thrilled to be working with Shunde Rural Commercial Bank as it enters the latest phase of its development. This represents the first implementation of Misys Opics Plus in the Chinese credit union sector. Misys now has more than 30 customers in China, leveraging our industry-leading solutions, local knowledge and expertise that are required to implement complex treasury products to manage volumes across multiple asset classes.
Misys Solutions for Treasury Capital Markets has 20 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.
About Misys plc
Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions that deliver significant results to organisations in the financial services and healthcare industries. We maximise value for our customers by combining our deep knowledge of their business with our commitment to their success.
In banking and treasury capital markets, Misys is a market leader, with over 1,200 customers, including all of the world's top 50 banks. In healthcare, Misys plc owns a controlling stake in NASDAQ-listed Allscripts-Misys Healthcare Solutions, Inc, a clear leader in the provision of healthcare technology, serving more than 150,000 physicians, 700 hospitals and nearly 7,000 post-acute and homecare organisations. Misys employs around 6,000 people who serve customers in more than 120 countries.
We aspire to be the world's best application software and services company, delivering results for the most important industries in the world.
Misys: experience, solutions, results Contact us today, visit: http://www.misys.com For further information please contact: Edward Taylor Global Head of Public Relations Misys Solutions for Banking and Treasury Capital Markets +44(0)20-3320-5530 email@example.com Sebastian Mathews FD +44(0)20-7269-7158 firstname.lastname@example.org
SOURCE: Misys plc
CONTACT: For further information please contact: Edward Taylor, GlobalHead of Public Relations, Misys, Solutions for Banking and Treasury Capital Markets, +44(0)20-3320-5530, email@example.com; SebastianMathews, FD, +44(0)20-7269-7158, firstname.lastname@example.org