Nordic Investment Bank (NIB), a Finland-based international financial institution (IFI) owned by eight Nordic countries, has gone live with Misys Opics Plus. The Misys solution will cover the entire bank’s requirement for bank proprietary treasury trading and corporate activity and will operate across all asset classes in the treasury back office.
It has reported that the NIB has selected Opics Plus, a front-to-back-office treasury and capital markets solution, with a wide range of instruments including derivatives, fixed income, equities and treasury trades. The new treasury system will enable the bank to process higher volumes of treasury instruments at the same time allowing risk management service.
Stephen Mitchell, Regional Sales Manager CEE and Scandinavia, Misys, said: “NIB is an important financing vehicle to help drive the infrastructure development of the region and is a good corporate citizen both through its commitment to responsible operations and its strong environmental credentials. Misys Opics Plus is a proven solution and we are confident that by modernising its central transaction processing solutions, it will be able to realise significant gains in efficiency and profitability in the years to come.”
