25 February 2008 - Misys plc (FTSE: MSY.L), the global application software and services company, today announces that Indonesia's PT Bank Tabungan Pensiunan Nasional (BTPN) has selected Misys' Islamic Banking solution to broaden and enhance services to its customers.
Established on 1958, BTPN currently operates 395 branches spread over 17 provinces in Indonesia and has seen a rapid rise in demand for Islamic Banking facilities and services from its consumers throughout its branch network. To cater for this need, BTPN needed to launch a series of Islamic Banking products.
Banks such as BTPN play a vital role in their regions by offering wide-reaching banking services to thousands of customers in non-metropolitan areas. By extending their portfolio to include Islamic Banking capabilities, the bank is responding to one of the fastest growing banking markets throughout the country.
After an extensive evaluation of possible solutions, including Temenos, Sigma and Multipolar, the multi-award winning Misys solution was selected, not least due to the wealth of experience the company has built up in providing Islamic Banking solutions to its customers over the last twenty years.
Michael Hutabarat, Director of BTPN, commented, "We pride ourselves in being able to give our customers exceptional service through the banking products they need. We have seen the successful implementations of Misys' Islamic Banking and Finance solution in many other banks and, because of this track record, we are confident that we will more than satisfy our customers' Islamic Banking requirements when we launch the services this year. Misys has the domain expertise to enable us to enhance our offering to cater for new Shariah law requirements as they arise."
Dermot Briody, Banking Head of Sales in Asia, Misys, added, "Indonesia is a growing market for us, especially for our Islamic Banking solutions. We have built a great reputation for our deep industry knowledge and robust and proven solutions that bring measurable results to our customers. We are delighted that BTPN has selected us because of our experience and our proven track record in delivering results to our customers. We look forward to adding value to their soon to be launched Islamic Banking services as well as their other non-Islamic retail banking operations."
- Ends -
For further information please contact
Edward Taylor
Global Head of Public Relations
Misys Banking Systems
+44 (0) 208 486 1661
edward.taylor@misys.com
Sebastian Mathews
Financial Dynamics
+44 (0) 207 269 7158
sebastian.mathews@fd.com
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 is a market leader, serving more than 100,000 physicians in 18,000 practice locations and 600 home care providers. Misys employs around 4,500 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 most important industries in the world.
Misys: experience, solutions, results
Contact us today, visit: www.misys.com
