National Bank of Kenya Selects Misys to Drive Down Cost/Income Ratio and Maintain its Competitive Lead
LONDON, November 4, 2011 /PRNewswire/ –
Misys plc (LSE: MSY), 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
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
“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
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.
About Misys plc
Misys plc (LSE: MSY), provides integrated, comprehensive solutions that
deliver significant results to financial services organizations. We maximize
value for our customers by combining our deep knowledge of their business
with our commitment to their success.
Misys is a market leader with over 1,300 customers, including all of the
world’s top 50 banks. Misys employs approximately 4,000 people and work with
over 100 partners globally 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.
Working with our extensive partner network, together we create compelling
solutions enabling our customers to differentiate themselves and drive a
Misys: experience, solutions, results
Contact us today, visit: http://www.misys.com
About National Bank (NBK)
NBK is a local bank founded in 1968. It has a branch network of 49
branches and 96 ATMS, which are set to increase under an expansion
programme. The Jomo Kenyatta International Airport branch is in operation
24/7. NBK is the only bank that has service points in all the airports and
sea ports in the country.
The bank has been a pioneer in various banking products in the Kenyan
industry. Computerization of operations and internet banking which set a
platform for ‘branchless’ banking are some of the fronts where the bank set
Corporate Social Responsibility programs have also been part of the
bank’s focus. For two years in a row the bank has provided a lead
sponsorship package for our athletes through Athletics Kenya. This is
consistent with the Bank’s vision and mission.
Vision statement: ‘To be the bank of choice in the provision of
Mission statement: At National Bank, we are dedicated to excellence in
providing competitive financial solutions, meeting the changing needs of our
customers, being a responsible corporate citizen, providing attractive
opportunities to our employees and improving shareholder value.
For more information please log on to http://www.nationalbank.co.ke
For further information, please contact: Jassim Arif Memac Ogilvy Tel: +9714-3050310 Email: email@example.com Edward Taylor Misys Tel: +44(0)203320-5530 Email: edward.taylor@misys,com
SOURCE Misys plc