Pohjola Expands its European Trade Finance Operations Strengthened by Misys Solution
Poster: SySAdmin
Posted on September 14, 2010 at 2:21:01 AM
Pohjola Expands its European Trade Finance Operations Strengthened by Misys Solution
LONDON, September 14, 2010/PRNewswire-FirstCall/ --
- Misys now Supports Treasury, Lending and Trade Business for the Bank
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.
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."
Misys TI Plus is a flexible back-office automation system that
supports the complete front-to-back trade finance business of banks. The
solution includes customizable workflows that provide visibility and control
over the entire transaction lifecycle. TI Plus enables banks to define
Service Level Agreements for each customer and apply either customer
groupings or bilateral agreements for individual customers. It allows images
of commercial documents to be scanned and retrieved later during processing,
thus reducing paper use and making documents accessible to all parties
involved in the processing.
Misys Trade Portal is an integrated online system that enables
banks to provide a fully-featured console for connecting customers to the
bank over the Internet. Bank customers can process and review their
transactions and receive customised news feeds related to their particular
industries. Trade Portal provides a multibank architecture that facilitates
access to multiple banks and their consolidated transactions. It can handle
traditional trade instruments such as Letters of Credit, Collections,
Guarantees and Financing as well as the growing open account services based
on Purchase Order and Invoice data. In addition to the traditional deployment
model within a bank's infrastructure, Misys also offers Trade Portal as a
hosted solution maintained in an enterprise-class data centre.
Misys has been delivering market-leading Transaction Banking
solutions for over 20 years. Its integrated portfolio of trade finance and
factoring solutions are used by more than 180 banks around the world to meet
constantly changing market requirements.
About Misys plc
Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions
that deliver significant results to financial services organisations. We
maximise value for our customers by combining our deep knowledge of their
business with our commitment to their success.
Misys is a market leader banking and treasury & capital markets, with
over 1,200 customers, including all of the world's top 50 banks. Misys
employs around 3,000 people who serve customers in more than 120 countries.
We aspire to be the world's best application software and services
company, delivering results for financial services industry throughout the
world.
Misys: experience, solutions, results
Contact us today, visit: http://www.misys.com
For further information please contact
Edward Taylor
Global Head of Public Relations
Misys
Solutions for Banking and Treasury & Capital Markets
+44(0)20-3320-5530
edward.taylor@misys.com
Sebastian Mathews
Financial Dynamics
+44(0)207-269-7158
sebastian.mathews@fd.com
Source: Misys plc
For further information please contact: Edward Taylor, Global Head of Public Relations, Misys
Solutions for Banking and Treasury & Capital Markets, +44(0)20-3320-5530, edward.taylor@misys.com; Sebastian Mathews, Financial Dynamics, +44(0)207-269-7158, sebastian.mathews@fd.com
LONDON, September 14, 2010/PRNewswire-FirstCall/ --
- Misys now Supports Treasury, Lending and Trade Business for the Bank
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.
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."
Misys TI Plus is a flexible back-office automation system that
supports the complete front-to-back trade finance business of banks. The
solution includes customizable workflows that provide visibility and control
over the entire transaction lifecycle. TI Plus enables banks to define
Service Level Agreements for each customer and apply either customer
groupings or bilateral agreements for individual customers. It allows images
of commercial documents to be scanned and retrieved later during processing,
thus reducing paper use and making documents accessible to all parties
involved in the processing.
Misys Trade Portal is an integrated online system that enables
banks to provide a fully-featured console for connecting customers to the
bank over the Internet. Bank customers can process and review their
transactions and receive customised news feeds related to their particular
industries. Trade Portal provides a multibank architecture that facilitates
access to multiple banks and their consolidated transactions. It can handle
traditional trade instruments such as Letters of Credit, Collections,
Guarantees and Financing as well as the growing open account services based
on Purchase Order and Invoice data. In addition to the traditional deployment
model within a bank's infrastructure, Misys also offers Trade Portal as a
hosted solution maintained in an enterprise-class data centre.
Misys has been delivering market-leading Transaction Banking
solutions for over 20 years. Its integrated portfolio of trade finance and
factoring solutions are used by more than 180 banks around the world to meet
constantly changing market requirements.
About Misys plc
Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions
that deliver significant results to financial services organisations. We
maximise value for our customers by combining our deep knowledge of their
business with our commitment to their success.
Misys is a market leader banking and treasury & capital markets, with
over 1,200 customers, including all of the world's top 50 banks. Misys
employs around 3,000 people who serve customers in more than 120 countries.
We aspire to be the world's best application software and services
company, delivering results for financial services industry throughout the
world.
Misys: experience, solutions, results
Contact us today, visit: http://www.misys.com
For further information please contact
Edward Taylor
Global Head of Public Relations
Misys
Solutions for Banking and Treasury & Capital Markets
+44(0)20-3320-5530
edward.taylor@misys.com
Sebastian Mathews
Financial Dynamics
+44(0)207-269-7158
sebastian.mathews@fd.com
Source: Misys plc
For further information please contact: Edward Taylor, Global Head of Public Relations, Misys
Solutions for Banking and Treasury & Capital Markets, +44(0)20-3320-5530, edward.taylor@misys.com; Sebastian Mathews, Financial Dynamics, +44(0)207-269-7158, sebastian.mathews@fd.com