Finland's OKO Bank Selects Misys for Syndicated Loans Operation
OKO Bank in Helsinki, the Central Bank for Finland’s OP Bank Group co-operative and one of the country’s largest financial institutions, has chosen Misys Loan IQ to manage the bank’s agent responsibilities for its portfolio of syndicated loans. The agreement comes after a six-month evaluation period of available syndicated lending solutions and in-house development capabilities. It further extends a five-year relationship between the two businesses, following the bank’s treasury and capital markets operation’s deployment of Misys Opics to handle its trading in derivative instruments. The new Misys Loan IQ solution is expected to go live in October this year.