Three international banks have signed software renewal agreements with Systematics Financial Services Inc., the Little Rock-based data processing provider.
The largest of the three banks is $2.5 billion-asset Arab Malaysian Finance, which is based in Kuala Lumpur, Malaysia. The other two institutions renewing their ties are Bank of the Philippine Islands, a Manila-based bank with $2 billion of assets, and Norges Bank in Olso. The Norwegian banking company has $1.2 billion of assets and 12 offices.
The three banks have been Systematics customers for five years.
Steve Bova, managing director of Systematics' international division, said that in the future, the company's fastest growth will come in overseas markets.
In the last two years, Systemaries has expanded and relocated its regional headquarters in London and Singapore. During this period, the company has also opened offices in the Philippines, Thailand, and Indonesia.
Systematics also acquired a company in Hong Kong and set up an office there.
Ms. Sullivan is a freelance writer based in New York.