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Myanmar bank to use Misys system for CBS

Myanmar’s First Private Bank (FPB) is deploying Misys FusionBanking Essence as its core banking system. The bank, which received the first banking license in Myanmar in 1992, will upgrade its retail, corporate and digital offerings. FusionBanking will replace the bank’s partially computerized distributed branch system. The project will see FusionBanking Essence and Digital Channels used in the front, middle and back office. The bank’s customers will be able to view and access their accounts across channels, get salaries credited electronically, transfer money and pay bills from different branches or on the go via mobile. The FusionBanking Insight analytics module will enable the bank to track performance and obtain a consolidated view of customer preferences. Also, FPB will use FusionBanking Trade Innovation and Corporate Channels for its online commercial banking services and trade finance operations.

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