Zimbabwe's Newest Bank Selects Misys To Support Start-Up Operations
Barbican Bank, one of Zimbabwe’s most recently-established financial institutions, has chosen Misys International Banking Systems’ (Misys-IBS) Equation solution to support the start-up of its private banking operations. The bank, which has its headquarters in Harare, is a wholly-owned subsidiary of Barbican Holdings, a privately-owned financial services company. Pending approval of Barbican Bank’s application for a banking licence by the Reserve Bank of Zimbabwe, the bank is in the process of putting systems in place to support the launch of its banking operations later this year. Barbican Bank’s primary business focus is the provision of private banking and asset management services to existing clients and high net-worth individuals. Between January and March 2002, the bank reviewed three potential solutions, before selecting Misys-IBS’ Equation system as its preferred core solution, the contract between the two organisations being finalised at the end of March 2002.