MCB Bank Selects IBM and Misys to Streamline Treasury Operations
Muslim Commercial Bank (MCB), one of the largest private banks in Pakistan, has selected IBM and Misys to automate the bank’s treasury operations. The project will improve efficiencies and help the bank to comply with new regulations from the State Bank of Pakistan. IBM will provide implementation services alongside Misys, to deploy Misys Opics Plus which will standardise financial mechanisms and minimise complexity.
The new solution will integrate bank’s financial instruments and departments, improving transparency and accountability of financial management and supporting decision making and governance. The bank’s clients will get a single point of access to a diverse set of services. The project is part of bank’s efforts to streamline their existing operations in line of the new regulations aiming at revamping and integrating financial services by making collection and credit operations much more efficient. MCB has more than 1,100 branches in Pakistan and growing. In an effort to drive efficiency and enhance operational speed and flexibility, IBM will provide MCB Bank a centralised approach to systems and operations enabling the bank to meet various challenges of complex capital markets and prepare for future growth. IBM will provide implementation, project management office (PMO), testing and training services along with Misys Opics Plus.
Misys Opics Plus runs on the .NET service oriented architecture (SOA) platform that delivers flexible customisation features for business re-engineering along with high levels of scalability.