20 June 2018
Visit www.worldwealthreport.com/

State Bank of India rolls out Misys' banking and trade finance solutions

14 April 2003  |  4997 views  |  0 State Bank of India rolls out Misys' banking and trade finance solutions

The State Bank of India has gone live with Misys Wholesale Banking Systems' Midas and Trade Innovation products across it Singapore operations.

Misys says the products will help the bank comply with local accounting requirements and automate reporting to the Monetary Authority of Singapore.

Midas provides a centralised point for settlement, accounting and network interfacing and enables the bank to gain a complete view of its business for MIS, risk control and regulatory reporting. Trade Innovation is a trade finance package that delivers workflow management and e-commerce capabilities and includes import/export letters of credit, payments services, shipping guarantees and airway bill release.

The two products integrate to provide a consolidated view of transactions and Swift messaging.

Padma Ramasubban, chief executive officer, State Bank of India, Singapore branch, says: "Together Midas and Trade Innovation are ideally suited to meet the new regulatory requirements we are facing."

The vendor recently contracted with the Bank of India for the supply and implementation of its MidasPlus package across branches in Singapore.

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

AKJ partners Misys Securities Systems for FIX interface

AKJ partners Misys Securities Systems for FIX interface

08 April 2003  |  3789 views  |  0 comments
London Clearing House extends Misys Arrow contract

London Clearing House extends Misys Arrow contract

02 April 2003  |  4159 views  |  0 comments
Arab National Bank live with Misys Opics

Arab National Bank live with Misys Opics

26 March 2003  |  4746 views  |  0 comments
Misys releases STP Tracker and Net Engine for back office

Misys releases STP Tracker and Net Engine for back office

25 March 2003  |  3691 views  |  0 comments
Brief: Bank of India signs with Misys for MidasPlus

Brief: Bank of India signs with Misys for MidasPlus

24 March 2003  |  4208 views  |  0 comments
Dubai Bank deploys Misys core banking solution

Dubai Bank deploys Misys core banking solution

13 March 2003  |  7346 views  |  0 comments
Equinox implements Misys Eagleye compliance package

Equinox implements Misys Eagleye compliance package

06 March 2003  |  3873 views  |  0 comments
Misys overhauls banking and securities division

Misys overhauls banking and securities division

04 March 2003  |  5504 views  |  0 comments
Brief: Bank of Hawaii Corporation selects Misys trade finance solution

Brief: Bank of Hawaii Corporation selects Misys trade finance solution

19 February 2003  |  3792 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.worldwealthreport.comVisit equensworldline.comVisit http://go.jumio.com/finextraAd

Top topics

Most viewed Most shared
GPS raises £44 million to fund international growthGPS raises £44 million to fund intern...
13363 views comments | 5 tweets | 8 linkedin
Ripple exec says DLT not ready for banks...yetRipple exec says DLT not ready for banks.....
11383 views comments | 11 tweets | 33 linkedin
UK launches £2.5bn startup initiativeUK launches £2.5bn startup initiative
10223 views comments | 34 tweets | 27 linkedin
DBS to use robot to screen applicants for human jobsDBS to use robot to screen applicants for...
8259 views comments | 3 tweets | 6 linkedin
Robots save Nordea from GDPR processing nightmareRobots save Nordea from GDPR processing ni...
8079 views comments | 10 tweets | 15 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job