India's UCO Bank has gone live with Misys International Banking Systems' Trade Innovation system at its Singapore operation.
Misys says the bank has gone live on all products in just five months. This includes import and export letters of credit, inward and outward collections, stand-by letters of credit, guarantees and bills financing.
The bank adds that the trade finance solution was straightforward to configure and easy to use.
UCO Bank is the 100th site worldwide to go live using Trade Innovation. Misys says 75 individual banks are using the system in 37 countries around the world.