Bank to boost operational efficiencies across treasury and foreign exchange trading
London, UK, 13 February 2017 – Alior Bank will use Misys FusionCapital to streamline processes and boost operational efficiencies across its treasury and foreign exchange trading business. The solution supports the bank’s continued rapid growth which at the moment averages 15% on an annual basis.
“Quality and customer service are the driving force behind our bank. With business growing every day we were looking for an innovative solution that would help us optimise our treasury function whilst still ensuring a focus on our core commitments and regulatory compliance,” said Tomasz Wróblewski, Head of Treasury at Alior Bank.
“We looked at the market and saw that Misys aligns closely to our vision and approach. Misys FusionCapital will enable us to drive innovation into our operations, digitising previously manual intensive tasks to help us manage risk and continue our growth. We also believe its open architecture will ease development for us and are impressed with the transparent approach to implementation.”
The new FusionCapital platform will deliver enhanced liquidity analysis, balance sheet management and wider treasury functionalities, while streamlining workflow operations. This will optimise risk management and enable the bank to boost the number of products it can deliver.
Alior Bank is on track to achieve its strategic goal of becoming one of the five or six largest banks in Poland. With FusionCapital the bank will be able to continue focusing on growing its business and gaining market share, rather than worrying about the supporting technology. Employees will now have access to consistent data that will enable them to better serve the customer.
“This is a prime example of the flexible and agile benefits that digitising processes can deliver to the capital markets,” said Nadeem Syed, CEO of Misys. “In today’s competitive marketplace, banks must balance risk management and maximising returns on capital, as well as ensuring good customer service to remain competitive. Injecting operational efficiencies with FusionCapital means that Alior Bank can expect significant benefits in all of these areas once the solution is fully deployed.”
Alior Bank is benefiting from the Misys Application and Process Solutions (MAPS) methodology to implementation. Used to design, scope and implement software to meet the specific needs of businesses, the approach ensures consistent best practice project execution in deploying new technology.
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About Alior Bank
Alior Bank is one of the most dynamically developing and innovative banks in Poland. It operates the third largest banking distribution network in Poland, covering over 1,000 branches and serving over 4.3 million clients. Since 2012, Alior Bank has been listed on the Warsaw Stock Exchange and, in 2014, the bank joined the WIG20 index for the country’s largest and most liquid companies. Following its acquisition of the core business of Bank BPH in November 2016, Alior Bank has advanced to the 9th position in Poland’s banking sector by assets (PLN 62 billion as of the end of September 2016) and has come closer to attaining its strategic goal of joining the group of Poland’s 5-6 largest banks.