Misys, a global leader in banking application software and services, today announces that Bank of Hawaii has gone live with Misys' front-end corporate initiation solution for trade finance, Misys Trade Portal.
This means that it is now using the complete front-to-back trade finance solution, Misys Trade Portal and Trade Innovation. The integrated end-to-end solution gives Bank Hawaii unrivalled functionality across the whole of its trade finance business supporting the bank's business plan, strengthening its operations and bringing further value to its customers.
Bank of Hawaii Corporation (NYSE: BOH) is a regional financial services company serving businesses, consumers and governments in Hawaii, American Samoa and the West Pacific. The Company's principal subsidiary, Bank of Hawaii, was founded in 1897 and is the largest independent financial institution in Hawaii.
The bank has been using Misys Trade Innovation since 2002 and determined that the advanced capabilities and proven record of Misys Trade Portal was the right trade finance system to provide the front-end solution. The partnership ethos and support quality given by Misys was also a key factor. In the highly competitive banking environment, the enhanced functionality offered by Misys Trade Portal will give Bank of Hawaii unrivalled levels of efficiency and client service, giving clarity and improved options for follow up and value-added services to clients.
Long Lac, Vice President and Manager of International Trade Operations at Bank of Hawaii comments, "We have benefited from Misys Trade Innovation since 2002 at which time we introduced our customers to the initial version of the end to end solution. The move to Misys Trade Portal provides our customers an opportunity to leverage the additional functionality of this front-end corporate initiation solution. Bank of Hawaii customers will benefit from the efficiencies that Misys Trade Portal will bring to their internal operations as well as their business with Bank of Hawaii's International Trade Operations."
"Bank of Hawaii's decision to implement our Misys Trade Portal solution is an excellent validation of both the strength of our working relationship and the quality of our solutions", adds Olivier Berthier, Solutions Director, Transaction Banking, Misys. "We are the bank's single provider of all its trade finance systems, which translates into improved operating efficiencies, better functionality and improved client-facing services for the bank."