National Bank of Kenya Selects Misys to Drive Down Cost/Income Ratio and Maintain its Competitive Lead

Published In: Africa, Kenya, Technology, United Kingdom 
Friday, November 4, 2011 5:40 AM
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National Bank of Kenya Selects Misys to Drive Down Cost/Income Ratio and Maintain its Competitive Lead

National Bank of Kenya Selects Misys to Drive Down Cost/Income Ratio and Maintain its Competitive Lead
PR Newswire
LONDON, November 4, 2011

LONDON, November 4, 2011 /PRNewswire/ --

Misys plc (LSE: MSY), the global application software and services company, today announced that National Bank of Kenya has opted for Misys BankFusion Universal Banking to improve efficiencies and reduce the bank's cost/income ratio.  

National Bank of Kenya a local Bank founded in 1968, selected Misys to be able to adapt to local management and regulatory changes, and meet any future technology changes. The bank evaluated several systems from a number of banking solution providers before choosing to go forward with Misys. The integrated solution combining the capabilities of Misys BankFusion Universal Banking, Opics Plus, TI Plus and Misys Business Intelligence, enables National Bank of Kenya to adapt to the customers changing demands and respond quickly by bringing new products to market much more rapidly.

"Trade finance is a key area for growth in Africa," comments Mr. Marambii, Managing Director of the National Bank of Kenya. "We intend to capture a larger share of the market by using the capabilities of BankFusion Universal Banking and Misys TI Plus. With a proven track record in providing mission-critical solutions, we believe Misys is best placed to help us adapt our business quickly to any future technological, market or regulatory changes."

"We are delighted that National Bank of Kenya has chosen to implement our solutions," states Erin Smith, Managing Director of Misys Africa. "The bank can be confident of expanding its business supported by proven technology that gives the bank the peace of mind that it can adapt to today's rapidly changing environment without disruption to its growing business. This is another example of how we are helping clients expand across Africa, combining our extensive experience in developing and implementing solutions with the region's goal of accelerating its banking industry."

Misys is well positioned to work alongside financial institutions in Africa to deliver scalable, reliable and long-term software solutions to support complex business needs. By optimising its world-class experts, partner network and comprehensive solutions, Misys continues to grow and strengthen its leadership position in Africa.

The contract was signed in February 2011.


About Misys plc

Misys plc (LSE: MSY), provides integrated, comprehensive solutions that deliver significant results to financial services organizations. We maximize value for our customers by combining our deep knowledge of their business with our commitment to their success.  

Misys is a market leader with over 1,300 customers, including all of the world's top 50 banks. Misys employs approximately 4,000 people and work with over 100 partners globally 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. Working with our extensive partner network, together we create compelling solutions enabling our customers to differentiate themselves and drive a competitive edge.

Misys: experience, solutions, results

Contact us today, visit:

About National Bank (NBK)

NBK is a local bank founded in 1968. It has a branch network of 49 branches and 96 ATMS, which are set to increase under an expansion programme. The Jomo Kenyatta International Airport branch is in operation 24/7.  NBK is the only bank that has service points in all the airports and sea ports in the country.

The bank has been a pioneer in various banking products in the Kenyan industry. Computerization of operations and internet banking which set a platform for 'branchless' banking are some of the fronts where the bank set pace.

Corporate Social Responsibility programs have also been part of the bank's focus. For two years in a row the bank has provided a lead sponsorship package for our athletes through Athletics Kenya. This is consistent with the Bank's vision and mission.

Vision statement: 'To be the bank of choice in the provision of financial solutions'

Mission statement: At National Bank, we are dedicated to excellence in providing competitive financial solutions, meeting the changing needs of our customers, being a responsible corporate citizen, providing attractive opportunities to our employees and improving shareholder value.

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For further information, please contact:

Jassim Arif
Memac Ogilvy
Tel: +9714-3050310

Edward Taylor
Tel: +44(0)203320-5530
Email: edward.taylor@misys,com

SOURCE Misys plc

Friday, November 4, 2011 5:40 AM

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