Misys ties up with IDB Group

The Islamic Development Bank Group has signed a service agreement with Misys, the global provider of financial application software and services for banking and capital markets, to enhance the treasury and investment departments within the IDB Group.

Misys will provide various solutions, including Opics Plus, Opics Risk Plus, Sophis VALUE and Eagleye, to enhance the capacity of the treasury and investment functions in order to serve IDB’s clients more effectively and make its internal processes more efficient.

By automating its internal processes and managing the treasury and investment operations on a single platform, the solutions will enable IDB to monitor and report risk exposure across the group.

Ibrahima NDIAYE, director IT department, commented that “in addition to its renowned capital market solutions, Misys has demonstrated a sound understanding of the Islamic treasury and investment markets. This is a hugely significant programme of transformation for the Islamic Development Bank Group.”