Philippine Veterans Bank goes live on Misys Opics Plus
Philippine Veterans Bank (PVB) has successfully implemented Misys Opics Plus. With a rapid three-month implementation, the bank hopes to expand the range of products it can offer its customers and broaden the functionality of its treasury operations. The Misys Banking Systems team has completed the first implementation phase, going live with FX, fixed income, deposit and loans, nostro and cash management, and multi currency accounting modules. Misys Opics Plus is the latest version of Misys Opics, based on an n-tier, .NET architecture. The bank is already using Opics Plus for its foreign exchange transactions and the team is planning a further roll out to cover FX futures and swaps. With Opics Plus, Misys claims the bank is able to process higher volumes of transactions and to support more complex instruments to support its growing business. The next phase of implementation will also see further modules of Misys Opics Plus in use, including analytics and customer credit.