Bank of Overseas Chinese (BOOC), one of the largest banks in Taiwan, has selected Misys Banking Systems to help it fully comply with Basel II regulations. Implementation of the solution, Misys Basel II, starts immediately.

The bank found that Misys Basel II was the most robust, easiest to use and the simplest solution to implement on the market.  Additionally, Misys Basel II has the flexibility to help BOOC comply with future regulatory reporting requirements, as set out by the Bank of Taiwan.

The major benefit of the Misys Compliance Platform is the ability to leverage the basic structure of the system allowing banks to scale their Basel II capabilities as they grow.

It was critical for BOOC to find a solution with the ability to address not only Basel II but also to cover for future compliance projects such as IAS.  The Risk Management portfolio of solutions from Misys Banking Systems share the same platform, data model and interfaces, and integrate smoothly into any environment.  This will enable BOOC to maintain its competitive edge while complying with future regulations.

Michel van Leeuwen, Risk Management CEO, Misys Banking Systems, says, "This partnership represents a major step into this very important market and we are pleased to be able to help BOOC achieve Basel II compliance and be confident that future regulations will not present it with any problems."