Beirut’s First National Bank Chooses Misys Business Intelligence Solution as its MIS Platform

November 8, 2010

LONDON, November 8, 2010 /PRNewswire-FirstCall/ –

– Deal Marks First Standalone Sale of New IBM-Powered Misys System in the
Middle East

First National Bank SAL, a privately-owned bank based in Beirut, Lebanon,
has chosen the new Misys Business Intelligence (MBI) solution to transform
its operational data into relevant information on which to make informed
business decisions. The bank will use the solution as its Management
Information Systems platform going forward.

First National Bank provides commercial, retail and investment banking
services to its customers. It needed an effective way to monitor the bank’s
performance and ensure compliance with new directives from Lebanon’s Central
Bank. It selected MBI having evaluated four other systems.

The bank is the first customer in the Middle East that will benefit from
Misys Business Intelligence and will now be able to gain vital information
for its business in the areas of financial analysis, profitability analysis &
credit risk analysis.

“As the foundation of our MIS program, Misys Business Intelligence will
help our managers to monitor our bank’s performance closely against our
established operational targets,” states Antoine Wakim, Chief Financial
Officer, First National Bank SAL. “One of MBI’s greatest strengths is its
ability to provide the proper level of detail to a particular user so that
they see the exact type of information needed to make critical decisions.
Another significant feature is the speed at which it can be implemented,
which will enable us to derive business benefits faster than through other
alternative solutions.”

“Typical business intelligence projects can take over a year to implement
and come with various risks and complications, comments Roy Froud, Director -
Middle East & Africa, Misys. “Our new solution allows banks to deploy
efficient business intelligence architectures in just a matter of months.
Moreover, its use of the IBM Banking Data Warehouse model optimises logical
data structures for fast and accurate segregation and analysis.”

Misys Business Intelligence for retail banking specialises in financial,
profitability and credit risk analyses. It is specifically suited for banks
such as First National Bank that already use the Misys Equation as their core
banking solution. MBI can be installed and put into production very rapidly
at minimal risk. The combination of IBM tools, an intuitive interface and the
business intelligence and retail banking expertise of Misys, brings further
benefits to customers. The solution enables managers to make optimal
decisions to improve liquidity and risk management as well as to increase

Among the business benefits that MBI will specifically provide to First
National Bank are desktop delivery of management information; “management by
exception” functionality to inform managers of deviations automatically from
a target or range; and “root-cause analysis” to identify problem areas. Data
is delivered via dashboards, scorecards and reports which can be manipulated
to provide several levels of visual information. The whole system will take
less than 6 months to implement.

About First National Bank SAL

First National Bank is a full-service banking institution with a
nationwide network of 20 branches throughout Lebanon. FNB conducts
commercial, retail, finance, and investment banking activities in the Middle
. FNB provides a wide variety of products and services for institutes and
individuals in the region. The bank’s headquarters is located in the heart of
Beirut’s central district.

About Misys plc

Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions
that deliver significant results to financial services organisations. We
maximise value for our customers by combining our deep knowledge of their
business with our commitment to their success.

Misys is a leader in banking, treasury, & capital markets, with over
1,200 customers, including all of the world’s top 50 banks. Misys employs
around 3,500 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 financial services industry throughout
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
    Solutions for Banking and Treasury & Capital Markets

    Sebastian Mathews
    Financial Dynamics

SOURCE Misys plc

Source: newswire

comments powered by Disqus