04 December 2016

Misys buys trade finance outfit NEOMAlogic

28 March 2006  |  9413 views  |  0 Misys_logo

UK banking software vendor Misys has acquired NEOMAlogic, a Paris-based provider of Web-based trade finance technology, for EUR12 million in cash.

Founded in April 2000 NEOMAlogic provides electronic trade finance systems to financial services firms including Natexis Banques Populaires, BNP Paribas, Société Générale and Lloyds TSB.

The firm's flagship Java-based Global Trade Portal product allows corporate customers banks to manage all trade finance services via the Internet. Misys says the product will be re-branded with immediate effect as Misys Trade Portal.

Commenting on the technology, Andrew Hebron, head of product management, international and regional banking, Misys Banking Systems, says: "Not only does it provide corporates with a highly functional trade finance solution, it also allows banks to create a trade finance community within their client base and integrate into their clients' daily trade activities.

"When implemented with Misys Trade Innovation, Misys Trade Portal provides a proven, integrated solution for global trade banks."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Cadbury to continue as chairman of Misys

Cadbury to continue as chairman of Misys

22 March 2006  |  5476 views  |  0 comments
Misys appoints Steve Vaughan, CEO, banking systems

Misys appoints Steve Vaughan, CEO, banking systems

07 March 2006  |  6527 views  |  0 comments
Misys buys Germany's Intesio for EUR10m

Misys buys Germany's Intesio for EUR10m

14 February 2006  |  5935 views  |  0 comments
Misys restructures banking systems business

Misys restructures banking systems business

26 January 2006  |  9248 views  |  0 comments
Spar Nord Bank licenses Misys trade finance technology

Spar Nord Bank licenses Misys trade finance technology

02 August 2005  |  6588 views  |  0 comments
First Hawaiian selects Misys for trade finance

First Hawaiian selects Misys for trade finance

26 July 2004  |  3501 views  |  0 comments
Société Générale licenses NEOMAlogic for trade finance

Société Générale licenses NEOMAlogic for trade finance

09 February 2004  |  3287 views  |  0 comments
Natexis Banques Populaires deploys NEOMAlogic for trade finance

Natexis Banques Populaires deploys NEOMAlogic for trade finance

22 October 2003  |  3105 views  |  0 comments
Leadbank selects Misys for trade finance

Leadbank selects Misys for trade finance

04 August 2003  |  3473 views  |  0 comments
Nordea implements Misys for trade finance business in Singapore

Nordea implements Misys for trade finance business in Singapore

08 July 2003  |  4896 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out morehttp://www.financialcrimerisk.fiserv.com/aml?r=finextraVisit VocaLink.com

Top topics

Most viewed Most shared
Royal Mint to issue digital goldRoyal Mint to issue digital gold
6599 views comments | 23 tweets | 21 linkedin
Bank CEOs fret about ROI as startups drive IT arms raceBank CEOs fret about ROI as startups drive...
5713 views comments | 16 tweets | 21 linkedin
UK challenger bank Masthaven opens for businessUK challenger bank Masthaven opens for bus...
5708 views comments | 15 tweets | 13 linkedin
ING pulls plug on P2P payments app TwypING pulls plug on P2P payments app Twyp
5607 views comments | 16 tweets | 15 linkedin
R3 and Calypso to develop blockchain trade confirmation systemR3 and Calypso to develop blockchain trade...
5592 views comments | 13 tweets | 12 linkedin

Featured job

Find your next job