The Bank of East Asia (BEA) is to deploy Misys Wholesale Banking Systems Trade Innovation solution to support trade finance operations at its head office in Hong Kong.
BEA will implement the complete suite of trade finance business services, including import and export letters of credit, collections, bill financing, guarantees and workflow management facilities.
Trade Innovation can also connect to the bank's existing applications via application programming interfaces (APIs), allowing data to be be shared with other systems.
Commenting on the deal, the bank says it wanted to partner a vendor with strong local support and to implement a solution can meet both its present and future requirements.
Misys says the deal further demonstrates its ability to deliver banking solutions in China.