Pohjola licenses Misys trade finance suite
Misysplc (FTSE: MSY.L), the global application software and services company, today announces that the Finnish financial services company, Pohjola Bank plc, has licensed Misys' trade finance processing and Internet-based delivery solution so it can grow the volume of its trade business.
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Pohjola Bank plc (Pohjola) is part of OP-Pohjola Group, the leading financial services group in Finland. The bank provides its corporate and institutional customers with a diverse range of banking, non-life insurance and asset management services, and private customers with an extensive range of non-life insurance and private banking services. Pohjola is experiencing an increased demand for trade finance and evaluated several systems to help it to increase its processing efficiency and workflow while catering for the higher trade transaction volumes.
"We chose the solution from Misys because it combines the strength of the back-office processing system, TI Plus, with the excellent online delivery console, Misys Trade Portal," states Tarja Pitkanen, Head of Cash Management and International Services from Pohjola. "The fully integrated front-to back solution will contribute greatly to the efficiency of our operation and assist us in maintaining the impressive level of customer satisfaction on which we pride ourselves. Our excellent solutions stand us out from the competition and by implementing the leading trade finance system on the market we are ensuring we keep these standards as high as possible."
Pohjola benefits from using Misys' treasury and commercial lending solutions and this additional agreement brings more integration to the business with the trade finance operations also now being supported by Misys.
"We are delighted that we have extended our relationship with Pohjola into trade finance," stated Dermot Briody, Director Sales Europe.
"The management team has chosen our solution to make sure it delivers on its objective of offering customer-focused, flexible and prompt services. It will now be able to grow its trade volumes, boost efficiency and broaden its revenue streams, while keeping close to its customers and partners through our portal."