Myanmar’s Ayeyarwady Bank (AYA Bank) has selected Misys’ Fusionbanking Essence core banking platform. The system is expected to overhaul the bank’s core banking system, digitize operations and improve overall efficiency throughout the organization. The new system will support retail and commercial banking operations, digitizing all manual and non-digital processes. Meanwhile, AYA Bank’s new underwriting business, AYA Trust, has implemented the TCS Bancs system from India-based TCS Financial Solutions to support securities trading and settlement. Misys had earlier got First Private Bank in Myanmar as a customer for its CBS. Before that Yoma Bank had opted for Fusionbanking of Misys and the system had gone live recently.
