Misys gets SwiftReady Gold labels for trade finance package

Source: Misys plc

Misys plc (FTSE: MSY.L), the global application software and services company, today announces that it has been awarded the double accolade of winning two SWIFTReady Gold labels for its front-office and back-office trade finance solutions.

Having been the first trade services solutions provider to win the SWIFTReady Trade Services Utility (TSU) label when the category was started in 2007, Misys has again been awarded the 2008 Gold status for its TSU capabilities, available either within Misys Trade Portal or as a standalone solution. Additionally, Misys Trade Innovation has achieved Gold in the SWIFTReady Trade Finance category, underlining its adherence to the SWIFT Standards, its openness, breadth and depth of functionality and flexibility to meet market demands.

Olivier Berthier, Head of Product Management, Misys Trade Services, comments, "We are delighted that we have gained such important stamps of approval from SWIFT for our fully integrated financial supply chain solutions. We have continually adapted our solutions to keep ahead of our customers' and the market's demands and are now able to provide solutions seamlessly linking the front office to the back-office trade finance processing."

Misys Trade Services provides more than 190 customers with solutions for all their trade finance needs, making it the world's best-selling trade finance system provider. Customers of Misys benefit from an integrated portfolio of trade finance, guarantee and factoring solutions which anticipate constantly changing market requirements. Banks are able to improve trade finance volumes by enhancing customer service and broaden revenue opportunities. The offering enables them to process financial supply chain business both efficiently and cost-effectively, thereby providing the edge banks need to stay ahead of the competition and provide their corporate customers with truly value-added services.

The SWIFTNet TSU was built by SWIFT to help financial institutions provide competitive supply chain services to their corporate customers. The service became commercially available on 2 April 2007. The SWIFTReady TSU Gold label, awarded to the Misys TSU module for the second year running ensures that third party appapplications support the TSU messages and rules properly, thereby allowing banks to use the TSU Solution effectively.

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