Bank Internasional Indonesia (BII) has licensed Misys Wholesale Banking Systems' treasury management product, Opics, and financial messaging software, Message Manager.
Misys says the two products will provide the bank with a fully automated, front-to-back office integrated system.
BII is implementing the technology to meet new business requirements that call for a wider portfolio of more complex financial products, such as foreign exchange, fixed income, derivatives and structured products.
Opics will be used by BII to reduce costs by centralising all systems and operations involved with the new extended range of products. Message Manager will be used to integrate applications developed by the bank's in-house team and by third parties with the Opics system.
The joint system will be implemented in two phases and is expected to go live in Q1 2006.