Misys Banking Systems said BOOC chose its Basel II solution because it found it to be the most robust, easiest to use and the simplest solution to implement on the market.
Misys also claims that the solution has the flexibility to help BOOC comply with future regulatory reporting requirements such as the International Accounting Standard.
Michel van Leeuwen, risk management CEO at Misys Banking Systems, said: This partnership represents a major step into this very important market and we are pleased to be able to help BOOC achieve Basel II compliance and be confident that future regulations will not present it with any problems.
