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Philippine National Bank Expands its Treasury Business With Misys solution

August 5, 2010

LONDON, August 5, 2010 /PRNewswire-FirstCall/ –

– Misys Opics Plus Solution to Manage Growth and Minimise Risk

Misys plc (LSE: MSY), the global application software and services
company, today announced that Philippine National Bank (PNB) has agreed to
implement Misys Opics Plus 3.0, Opics Risk Plus and Eagleye to drive
efficiencies as it expands its treasury business. The integrated solution
will allow the bank to manage and grow its treasury operations more
efficiently, keeping market risk low as it seeks new business opportunities
in increasingly diverse asset classes.

PNB, originally established in 1916, is one of the largest banks in the
Philippines
in terms of assets. Having been a Misys Opics customer since
2003, PNB was keen to take advantage of the latest release of Misys Opics
Plus. The new solution, along with Opics Risk Plus and Misys Eagleye, will
enable PNB to improve its treasury business, risk management and portfolio
management.

PNB has a vision to be a leader in financial performance and through this
it has a particular focus on innovation and the use of cutting-edge
technology. It wanted a solution that would enable it to move into
derivatives and structured products as it looks to respond rapidly to
changing market conditions and customer preferences. PNB will be able to
improve exposure management by pooling risk exposure centrally in order to
manage the process better. Additionally, the commercial bank will improve its
market risk management capabilities through enhanced reporting tools and
better controls across the business from the front to the back office.

Lee Boon Huat, Managing Director Asia Pacific, Misys added, “We are
thrilled to be working with PNB as it enters the latest phase of its
development. This represents the first implementation of the latest version
of Misys Opics Plus in the Philippines. Misys has more than 360 customers in
Asia Pacific, 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 has 31 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

About Philippine National Bank

Philippine National Bank (PNB) is one of the biggest private commercials
banks in the Philippines. Its distribution network is one of the most
extensive with 324 domestic branches and 112 overseas branches, offices and
subsidiaries. It enjoys a strong franchise in its core businesses which
includes retail banking, corporate, institutional and consumer lending,
remittance, and treasury. Earlier this year, PNB received the Financial
Insights Innovation Award for Channels Innovation for its pioneering
Automated Remittance Machines in the annual Asian Financial Services Congress
held In Singapore. The Bank was the sole winner from the Philippines out of
10 awardees in this annual search for outstanding innovations in the
Asia-Pacific region by the IDC Financial Insights.

    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
    edward.taylor@misys.com

    Irene Tan
    Head of Marketing, Asia Pacific
    Misys
    Solutions for Banking and Treasury & Capital Markets
    +63(2)867-9579
    irene.tan@misys.com

    Sebastian Mathews
    FD
    +44(0)20-7269-7158
    sebastian.mathews@fd.com

SOURCE Misys plc


Source: newswire



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