Philippines-based Metropolitan Bank & Trust Company (Metrobank) has licensed Misys Opics Plus 2.1 platform to expand its presence in China.
Misys claims that its solution will provide Metrobank a comprehensive system that will provide full treasury functions to support the local business requirements for the Chinese market.
The new treasury system will enable Metrobank to process high volumes of treasury instruments and provide clients with sophisticated products. The back office will utilise the system’s event-based workflow manager to confirm deal and payment information with counterparties and send automatically generated confirmations, according to Misys.
The integrated front-to-back system will provide for easier reconciliation and regulatory reporting.
Metrobank China president Derek Cheung said that Opics Plus has brought excellent visibility, operational efficiency and risk management across the bank’s treasury operations in Manila.
Misys is a UK based developer of software solutions for financial services industry.