National Bank of Malawi is implementing Misys Global Risk - Regulatory Compliance to enable it to comply with Basel II. The product will give the bank better insight into its liquidity and improve its cost/income ratio overall.

"We are excited to have signed up Misys to partner with us in implementing the Basel II solution and improve our risk management framework as a whole,” says Isaac Kanje, head of risk at NBM. “As the biggest bank in the country, we want to take a leading role in providing outstanding service, product innovation and ensure that our strategic objectives are achieved in a sustainable manner. We are confident that Misys, who also provides us with other solutions including internet banking, will deliver an excellent solution in time for us to be Basel II compliant by 1st January 2014, as required by the Reserve Bank of Malawi."

“Misys is strategically focusing on the Sub-Sahara African (SSA) region in response to demands from our customers embarking on modernisation programmes,” comments Erin Smith MD, Misys Africa. “We have provided many banks with our sophisticated systems to help them in this ever-changing regulatory environment. They rely on us to comply with new regulations with the assurance that they can continue to grow their product portfolio and expand across the region. We are seeing a high demand for our expertise and solutions in this fast-paced, high-growth region and it is exciting to see the financial services landscape changing for the better across the SSA region.”

Share Story: