Spar Nord Bank licenses Misys trade finance technology

Spar Nord Bank licenses Misys trade finance technology

Denmark's Spar Nord Bank has implemented technology from Misys Banking Systems to support its trade finance operations.

The bank has rolled out the vendor's Trade Innovation and eServices Platform Trade Edition to support customer services at it trade finance department.

Misys says the combined package will provide a flexible Internet front-end for the bank's corporate clients as well as full STP from front-to-back and seamless integration with the existing incumbent systems.

Hanne Balling, SVP and head of international division, Spar Nord Bank, says the Misys technology "will allow us to automate a range of previously manual processes and thereby reduce the operational risk, improve quality to clients and improve processing speed".

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