Piraeus Employs Misys BankFusion Equation to Strengthen Expansion Plans

Piraeus Bank, an Athens-based universal bank, has licensed Misys BankFusion Equation as the technology platform to underpin its expansion plans.

Misys Equation has added value to Piraeus Bank’s operations for many years across its domestic and selected international branches, using Equation to run the bank’s operations across 343 branches in Greece and 220 branches in three of its international subsidiaries. Piraeus went live with Equation 3.9 in its Albanian operations in 2008 and Romanian business in 2009. The implementations were an important part of the bank’s growth strategy and have helped Piraeus to continue to achieve its business ambitions, as it continues to expand in south-eastern Europe and the eastern Mediterranean markets. BankFusion Equation will accelerate its future growth objectives in its domestic and international operations.

“It is imperative that we move faster than our competition,” said Janis Delis, DGM – operations technology and organisation, Piraeus Bank. “Our investment in Misys and its BankFusion Equation solution is critical in our desire to maintain our competitive edge as we continue to expand and to be agile and innovative for our customers. The revolutionary technology in BankFusion Equation will allow us to launch innovative new products and services quickly that would normally take months of development with other core banking systems and seamlessly integrate best of breed solutions. We look forward to continuing to receive the support we have received over the fruitful relationship we have had with Misys, and to strengthening our position in retail banking and enterprise financing still further.”


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