Banks now Able to Centralise Their Trade Finance Operations and
Provide Better Services for Their Customers With Misys Global
Processing TI Plus
LONDON, January 14, 2013 /PRNewswire/ --
Integrated standardised
platform reduces costs across banks' global trade finance
business
Misys, the global leader in financial services software
solutions, is now offering customers Global Processing as part of
its trade finance processing solution, TI Plus. Banks are under
increasing pressure to offer high customer service levels and
deliver standardised trade services regardless of location. The
Global Processing functionality within TI Plus enables banks to
gain a competitive edge over other trade finance specialists
through improved customer service levels, reduced costs and more
efficient operational structures across their regional or global
trade finance business.
Misys TI Plus Global Processing centralises disjointed local
systems, offering an integrated standardised platform that allows
the retention of local customer services, yet provides central
management of trade business, improving visibility and speeding up
the roll out of new services. The solution from Misys reduces
pressure across regional teams and enables banks to offer a
superior service to customers globally, such as round-the-clock
processing of their trade services transactions, providing the
opportunity for more robust Service Level Agreements (SLAs) to be
offered to customers. The Global Processing functionality has
already been licensed by five banks, including ING, National Bank
of Abu Dhabi and Qatar National
Bank.
The enhanced functionality permits banks to distribute workload,
allowing improved management of resources. Operating costs can be
reduced by basing trade finance teams in cost-effective locations
and the central oversight and control of trade finance eliminates
silos across regional teams. The standardised international process
also enables banks to manage and mitigate operational risk more
efficiently as all areas of the bank can operate in broadly the
same way.
Steve Walshe, Product Manager for
TI Plus Global Processing, Misys says: "The evolution of the
banking industry has accelerated the demands to enrich customer
service, and reduce operational costs whilst the pressure on
improving and standardising operational risk management has
increased. Global Processing allows a bank to 'act globally'
significantly improving their offering to corporate customers, as
well as increasing cost-efficiency and the management of
operational risk in-house."
For more information on TI Plus Global Processing please visit:
http://www.misys.com
About Misys
Misys is at the forefront of the financial software industry,
providing the broadest portfolio of banking, treasury, trading and
risk solutions available on the market. With 1,800 customers in 120
countries our team of domain experts and partners have an
unparalleled ability to address industry requirements at both a
global and local level.
Misys was formed by the merger of Misys with Turaz, which
includes the award-winning Kondor+ product line. Combined
they are able to address all customer requirements across both the
banking and trading book businesses. Misys is the trusted partner
that financial services organisations turn to for help solving
their most complex problems.
Find out more at http://www.misys.com
For further information please
contact
Edward Taylor
Global Head of Public Relations
Misys
+44-(0)20-3320-5530
edward.taylor@misys.com