Shunde Rural Commercial Bank (Shunde RCB), a China-based bank, has deployed Opics Plus and Opics Risk Plus from Misys, a global provider of application software and services, to manage and grow its treasury operations and to seek new business opportunities.
Shunde RCB selected the treasury management solution Misys Opics Plus to improve exposure management by pooling risk exposure centrally in order to manage the process better.
Additionally, the solution will help the commercial bank to improve risk management through enhanced reporting, controls and risk management tools across the business from front to back office. This will enable Shunde RCB to meet its regulatory requirements on new accounting policies and to provide a more robust risk management system.
Zhang Yi Feng, general manager of the treasury department at Shunde RCB, said: “Misys was chosen following a competitive pitch because of its proven track record. We have confidence that its solutions will deliver against our requirements and accommodate our growth plans. Misys Opics Plus and Misys Opics Risk will enable us to make great improvements to our business and offer real benefits to us and our clients as we continue to expand.”
Lee Boon Huat, managing director of Asia Pacific at Misys said: “We are thrilled to be working with Shunde RCB as it enters the latest phase of its development. This represents the first implementation of Misys Opics Plus in the Chinese credit union sector. Misys now has more than 30 customers in China, leveraging our industry-leading solutions, local knowledge and expertise that are required to implement complex treasury products to manage volumes across multiple asset classes.”