Beirut’s First National Bank Chooses Misys Business Intelligence Solution as its MIS Platform
– Deal Marks First Standalone Sale of New IBM-Powered Misys System in the
First National Bank SAL, a privately-owned bank based in
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
Bank. It selected MBI having evaluated four other systems.
The bank is the first customer in the
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
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
“Typical business intelligence projects can take over a year to implement
and come with various risks and complications, comments
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
commercial, retail, finance, and investment banking activities in the
individuals in the region. The bank’s headquarters is located in the heart of
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
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 firstname.lastname@example.org Sebastian Mathews Financial Dynamics +44(0)207-269-7158 email@example.com
SOURCE Misys plc