Leadbank selects Misys for trade finance

Leadbank selects Misys for trade finance

Nigeria's Leadbank is deploying Misys Wholesale Banking Systems' Trade Innovation software in an effort to consolidate data and increase efficiency across its trade finance operations.

The implementation will support the bank's trade related business applications, including import and export letters of credit, collections, bill financing and guarantees.

Misys says the system will provide users with more control and improved customer management and enable the bank to handle increased trading volumes at the same time as reducing processing costs.

Wale Adewumi, assistant general manager, financial services group, Leadbank, adds: "The product's proven high rates of straight-through processing will improve efficiency and risk management."

Leadbank also uses Misys' retail banking software, Bankmaster.

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