25 July 2016
Find out more

Misys trade finance module goes global

14 January 2013  |  2447 views  |  0 Source: Misys

Misys, the global leader in financial services software solutions, is now offering customers Global Processing as part of its trade finance processing solution, TI Plus. Banks are under increasing pressure to offer high customer service levels and deliver standardised trade services regardless of location.

The Global Processing functionality within TI Plus enables banks to gain a competitive edge over other trade finance specialists through improved customer service levels, reduced costs and more efficient operational structures across their regional or global trade finance business.

Misys TI Plus Global Processing centralises disjointed local systems, offering an integrated standardised platform that allows the retention of local customer services, yet provides central management of trade business, improving visibility and speeding up the roll out of new services. The solution from Misys reduces pressure across regional teams and enables banks to offer a superior service to customers globally, such as round-the-clock processing of their trade services transactions, providing the opportunity for more robust Service Level Agreements (SLAs) to be offered to customers. The Global Processing functionality has already been licensed by five banks, including ING and Qatar National Bank.

The enhanced functionality permits banks to distribute workload, allowing improved management of resources. Operating costs can be reduced by basing trade finance teams in cost-effective locations and the central oversight and control of trade finance eliminates silos across regional teams. The standardised international process also enables banks to manage and mitigate operational risk more efficiently as all areas of the bank can operate in broadly the same way.

Steve Walshe, Product Manager for TI Plus Global Processing, Misys says: "The evolution of the banking industry has accelerated the demands to enrich customer service, and reduce operational costs whilst the pressure on improving and standardising operational risk management has increased. Global Processing allows a bank to 'act globally' significantly improving their offering to corporate customers, as well as increasing cost-efficiency and the management of operational risk in-house."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit VocaLink.comVisit www.abe-eba.euFind out more

Who is commenting on transaction banking?

Top transaction banking topics

Most viewed Most shared
Santander doubles down on fintech fundSantander doubles down on fintech fund
7704 views comments | 22 tweets | 28 linkedin
Worldpay's payments glitch rumbles onWorldpay's payments glitch rumbles on
5097 views comments | 9 tweets | 12 linkedin
Lloyds Bank launches mentoring service for fintechsLloyds Bank launches mentoring service for...
4832 views comments | 15 tweets | 8 linkedin
Standard Chartered launches global video banking pushStandard Chartered launches global video b...
4525 views comments | 6 tweets | 15 linkedin
PSD2 will make a treasurer’s life easierPSD2 will make a treasurer’s life easier
4360 views comments | 3 tweets | 4 linkedin

Featured job


Brussels (Belgium) or Paris (France)

Find your next job