Intercontinental Bank Goes Live With Misys TI Plus as Part of its Strategy to Grow its Trade Finance Business and Enhance Customer Service


LONDON, December 6 /PRNewswire/ --     Intercontinental Bank, the fifth largest African bank and the first
Nigerian bank to be rated among the world's elite top 500 banks, is now
running its trade finance operations with the award-winning trade finance
solution, Misys TI Plus.

Following Nigeria's banking reform in 2005 Intercontinental Bank (IBL)
has achieved such substantial growth that it ranks as the second fastest
growing bank in the world in The Banker magazine's 2007 analysis. As a key
part of this growth, IBL needed to increase automation and decentralisation
to meet the demands of its growing trade finance operation.

The latest version of Misys TI Plus was a clear choice for its
thin-client capability which enabled the implementation and rollout to be
completed rapidly and easily across the bank's 207 branches. With the turnkey
support of the dedicated Misys professional services team, the upgrade
required limited resource and involvement from the bank's staff.

The bank enjoys strong market support and is renowned for excellent
customer service. Misys was able to provide it with a solution that enabled
it to maintain its leadership position in the market, while making use of the
most advanced technology in the industry.

Chris Everitt, Misys Country Manager for Nigeria, adds, "We are delighted
that IBL has gone live with TI Plus and is now using it to deliver results to
its customers. We have successfully delivered value to banks around the world
with our solutions and look forward to helping IBL continue to grow its
business and expand both domestically and internationally."

About Misys plc

Misys plc (LSE: MSY), 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: http://www.misys.com

For further information please contact:

    Edward Taylor
    Global Head of Public Relations
    Misys Banking Systems
    +44(0)208-486-1661
    edward.taylor@misys.com

    Caroline Parker
    Financial Dynamics
    +44(0)207-269-7295
    caroline.parker@fd.com

© PR Newswire Association LLC.

News archive

Subscribe to AfterDawn's weekly newsletter.