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Oman Arab Bank Underpins Expansion Plans With the Latest Version of Misys Equation


LONDON, April 29 /PRNewswire/ --

- First Middle East Bank to Benefit From Misys Equation 3.9

Misys plc (LSE: MSY), the global application software and services
company, today announced that Oman Arab Bank will be the first Middle East
Bank to go live with Misys Equation 3.9, the latest version of its
widely-used retail banking system.

Installed in the bank's headquarters in Muscat, Misys Equation is running
Oman Arab Bank's back-office operations in all 40 branches throughout the
country. The latest version of Misys' globally-implemented retail banking
solution features a number of key functional improvements, and through this
upgrade, the bank will be able to extend its coverage in the region and
provide better services to more customers as it continues to expand
operations.

Mustafa Srour, Oman Arab Bank's Assistant General Manager, IT, comments,
"We have aggressive expansion plans for our business and we needed the most
up-to-date solution to underpin our move to open further branches within our
network. We have benefited from Misys technology and expertise for more than
20 years and we are very excited to have implemented the very latest version
of Misys Equation to increase our flexibility and stability as we continue to
grow."

Oman Arab Bank will benefit from the increased flexibility Misys Equation
3.9 provides as well as its enhanced lending capabilities. The bank's
customers will be able to benefit from more choice in the products and
services available to them and will see a faster response time in all
interactions with the bank wherever they are in the region.

Roy Froud, General Manager Middle East & Africa, Misys, adds, "The
management team at Oman Arab Bank has consistently focused on improving
customer service and differentiating themselves from the competition. We are
delighted to be able to support them as they continue to grow their business.
This latest, most advanced version of Misys Equation brings them stability,
speed, ease of integration and an increase in performance that will help them
maintain their leading position in the region."

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 110,000 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
    +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.

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